Local Buyers

Local Buyers

There are a lot of questions to be answered when preparing to buy a house. The most common question is whether to rent or to buy. This page will guide through some important questions.

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Guide

How do you know when you are ready to buy a house? or upgrade? maybe downgrade? At Sandeep Singh Real Estate, I understand priorities change. And so do your housing needs.

 

Questions to consider

  • Are you planning on any major life changes, like changing jobs or starting a family, in the next few years that could impact your financial situation?
  • Can you commit to staying in a home for at least five years?
  • Do you have a stable income?

  • Are you confident you can handle house repairs (or can take the time to learn), or are you willing to pay a specialist when something breaks?

Buying vs Renting a home

Buying Benefits: 

  • No landlord means you can make your house a home you want without anyone else’s approval.

  • Unlike rent payments, the interest you pay with your mortgage payments can be tax-deductible.

  • You can find a mortgage tailored to your budget and goals to keep your monthly payment from going up as the market changes.

Renting Benefits:​

    • Your landlord is often responsible for home repairs and upgrades.

    • You won’t have to buy homeowners insurance or pay property taxes on your home.

    • Moving can be easier since you won’t have to sell your home or find renters.

Working with a real estate agent

A real estate agent can make a big difference in the home buying process. Such as:

  • Zero in on a good area

  • Find the right house

  • Give a guiding hand

  • Manage the paperwork

  • Make connections

Immediate things to do

  • Start looking around to see what kind of houses you like

  • Create your dream home wish list

  • Pick one or more neighborhoods of your dreams

 

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