Follow this step-by-step home buying checklist.
Answer these Questions to determine if home buying is right for you.
1.Will you be in your current job for at least 3-5 years?
2.Do you see any major family changes children are a large expense and selling a home through a divorce or separation is not an ideal scenario for best results.
3.Will a new mortgage test your financial limits? – there is no reason to work so hard to barely pay a mortgage on a home you cannot enjoy.
4.Do you have at least 6 months of emergency savings in case of unforeseen financial hardships?
5.Do you have 10% (20% is better) down payment?
I know most Realtors will tell you that it is always a good time to buy. However, If you answered “Yes” to the above, they may be right.