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Buying a Salt Lake City home? Search all homes for sale
Buying a Salt Lake City home? Search all homes for sale
We have seen a fantastic, growing market recently but I just wanted to take a moment and remind everyone of the lessons we learned in the housing crash. A lot of people who had parents affected by the housing crash are more prepared and want to put more money down. Today we just wanted to give you a few things to consider, whether you are buying your own home or an investment property.
- Your home is an investment for you. You want to buy the best home that’s going to work for you. If the market goes down, you still want to be able to love and see the value in your home.
- Rent rates are always rising. The median asking rent has increased steadily every year since 1988.
- Always be aware of risky mortgages. There are more and more opportunities available now for mortgages than there ever have been, so you have got to check the fine print and make sure you’re not being taken advantage of in an agreement.
- Make sure you have an emergency fund.
- Buy what’s comfortable. Don’t extend yourself. Buy the home that is the best fit at the best price for you.
At the end of the day, it’s all about making smart choices. If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you!
