If you’ve been considering buying a home along the Indiana Shoreline this spring, chances are you’ve been keeping an eye on real estate market news. You’ve no doubt heard reports of the market improving and home prices already on the rise, with expectations to continue rising throughout 2013. And, while it’s great to hear that the national housing market is building momentum, it can also cause buyers to feel the urgency to jump in before they’re ready.
Here at Shoreline Property Advisors, our team of experience Prudential Rubloff Real Estate agents and property advisors will never recommend making such a large purchase before you’re ready; no matter the current market.
In fact, because buying an Indiana Shoreline home is a decision to be weighed carefully, we wanted to provide you with a few tips to help guide you as you consider buying an Indiana Shoreline home. You’ll want to take a few minutes to carefully consider each point and determine what it means for your current situation.
1. Live Within Your Means- This is a lesson that our country seems to be learning collectively. We’ve seen the damage that can come from buying homes we can’t afford and digging ourselves further into debt. Buying an Indiana Shoreline home that fits your budget as it stands now will give the home a chance to appreciate. In the long run, your finances will be healthier and you’ll more than likely be able to afford your dream home next time around.
2. Think Long-Term- When buying a home in today’s market, you want to plan for the future. Consider your basic needs such as security, proximity to your job and other daily activities, the school system and room to grow if need be. You want to plan to be in a home for a minimum of three to five years.
3. Research and Take Advantage of Low Rates- Many lenders are encouraging buyers to lock in a long-term loan, such as a 30-year mortgage, to ensure taking full advantage of the historically low interest rates. An adjustable rate mortgage can work for some buyers, but you’ll want to discuss with your Indiana Shoreline Real Estate agent or Shoreline Property Advisor about which option is best for you.
4. Be Prepared to Make an Offer- Before you even begin searching for your Indiana Shoreline home, you’ll want to get pre-approved for a loan. This not only helps you determine your home buying budget, but will make the process run much more quickly once you’re ready to make an offer. This will also force you to get your credit in order and gives you the opportunity to correct any credit issues before entering the Indiana Shoreline Real Estate market.
5. Find a Recommended Indiana Shoreline Real Estate Agent- Having the right agent journey with you through the home buying process will make all the difference. Conduct research online or talk with family and friends to get their recommendations. You’ll want to find an agent who has experience in the Indiana Shoreline Real Estate market and with whom you feel you can work with for however long it takes for you to find your Indiana Shoreline home.
After reading these, you may still feel that now is the time to move forward in the home buying process; which is great! We would be happy to sit down and talk with you about your home buying needs, your budget and timeline.
Together we’ll be able to ensure you have a smooth home buying experience and know what to expect each step of the way!
We look forward to hearing from you!
Shoreline Property Advisors
@ Prudential Rubloff
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