Thinking about buying a house, but you’re not sure if you are ready yet? Maybe you think you’re not that “grown up” yet, or maybe not that sure that a home is the best idea for you yet. Here are 5 signs you might actually be ready to buy a house.
1. You Plan on Staying (or Kind of Plan on Staying…)
Firstly, are you planning on staying here for awhile? Buying a home takes a certain level of commitment to the area. If you have been living here for few years, love the lifestyle, and don’t foresee yourself moving anytime soon then buying a house here might be a great option.
Not sure that you actually plan on staying? That’s okay too! Winter Park’s Market is unique because it is such a desirable destination for travelers. If you don’t want to commit to living here full-time you can higher a vacation rental company that will care for and rent out your home when you are not here, while putting money into your pocket.
Don’t want or need the extra income? Grand Park has a maintenance free living package that allows homeowners peace of mind for the months that they are not living at their home. This affordable package offers everything from lawn care, snow removal, and monthly home checks.
2. You’re Ready to Say “Goodbye” to a Landlord
No matter how nice a landlord is, it gets old to have to constantly ask for permission to paint a wall, move furniture around, get a pet, etc. If you are ready to start making your own decisions, choosing your own fixtures, and taking care of your own home, chances are you’re ready to buy a house!
3. You Have a Down Payment and a Decent Credit Score
Have money for a down payment? Have decent credit? Good! While you don’t need perfect credit (or even near-perfect credit) to purchase a home, the better your credit is, the lower your interest rate will be. Also, down payment requirements range from lender to lender and loan to loan. Talk with a local bank or mortgage broker to determine what the best move for you is.
4. Your Market is Growing
Before you invest in any real estate, you’ll want to look at the market. Making sure the market’s real estate forecast is promising is a great way to help you decide if you are ready to buy a house in that area. If the market looks good five, ten, even thirty years out chances are you’ll be able to sell your property for more than what you purchased it for. Demand in the Fraser and Winter Park markets continues to grow. The location coupled with the many activities available have helped to develop Fraser and Winter Park, Colorado as a sound investment.
5. The Season is Right
While anytime can be a great time to purchase a home, there are some tips from real estate experts. The earlier in the season you purchase a home, the larger your mortgage tax deduction will be. Aside from locations driven by tourism, buyers tend to find the best deals in the off-seasons. If you are looking for a real estate deal, we recommend looking between March and November, or talking with a real estate developer who has more consistent prices year-round.
Think you are ready to take the leap and become a Winter Park or Fraser homeowner? Congratulations and have fun finding the perfect home for your lifestyle!
If you still have questions feel free to stop by and talk with our real estate experts at Grand Park. We’d be happy to share our thoughts and help you decide if you are ready to purchase a home in Grand County Colorado!