Home prices are continuing to rise and according to recent news, so are home loan interest rates. If you have been thinking of purchasing Tahoe Keys real estate, you may be feeling the pressure. You also likely are getting a lot of “advice” from family members and friends. While they always have your best interest at heart, they may not have their finger on the pulse of the market. This means they probably aren’t qualified and also may not be entirely aware of your personal needs. So how do you know if you are REALLY ready to buy a home for sale in Tahoe Keys? The most important first step is talking with a Tahoe Keys realtor. They will be able to answer all your questions, ease your fears and give you some solid market knowledge. A quality Realtor is not going to convince you to do something they know you shouldn’t do or aren’t ready for. They will give you the steps to take so that you can become ready and they can help you at that time. Once you have been given all the facts, ask yourself these questions to determine if you are ready.

1.) Why am I buying a Tahoe Keys home for sale in the first place?

This is the most important question you can ask yourself. What does owning a home mean to you? There are the obvious financial benefits. Renting costs more than owning and that money is simply being thrown away each month. You get no return on investment from renting. A majority of people who are getting ready to buy, are not doing so for the money aspect. Yes that is a big part, but the main reasoning’s go as follows:

• They want to start a family.
• They want to be in a good school district when their children are of age.
• They want more personal space like a yard.
• They want freedom and control of their personal space.
• They don’t want to pay a hefty pet deposit and deal with animal breed restrictions.

There are plenty of non financial benefits that you get from owning a home for sale in Tahoe Keys that you cannot get from renting. If these are all things you desire, you are likely ready for home ownership.

2.) Where are Tahoe Keys home values headed?

CoreLogic recently released the Home Price Index which predicts that home values will go up about 5.3% in the next year.  Basically, that dream Tahoe Keys real estate for sale may be within your budget now, but if you wait, you could miss out.

3.) Where are mortgage interest rates headed?

Once again, another thing that is expected to increase within the next year. This means the dream Tahoe Keys home for sale that is affordable right now, may not be in a year. It could seem like such a little increase, but you must look at long term. While your monthly mortgage payment may only increase a little in a year, the impact over time is quite dramatic.

Only you will know when it is the right time to purchase Tahoe Keys real estate. By being informed on current conditions and future conditions, you can be sure that you are making the right decision.   For more information on Tahoe Keys real estate, give me a call at 530-308-4331.