Reasons Why You Should Not Buy A Home
While it is commendable that you are looking for a home to buy and call your own, there are some things that you have to consider first. These things would tell you why sometimes, it is more reasonable to rent than to buy a home.
While it is commendable that you are looking for a home to buy and call your own, there are some things that you have to consider first. These things would tell you why sometimes, it is more reasonable to rent than to buy a home. But at the end of the day, the decision will still be yours and you alone can see which would be the best fit for your budget, lifestyle, and other considerations.
First off, there’s no down payment when it comes to renting. If you do not have a sizeable saving, it would be tough for you to buy a new home even if it is a short sale one in Encinitas city in the San Diego County. If you are just going to rent a house, or any property for that matter, you only have to pay for a month in advance.
If you have bad credits, then the chances of you getting a lender to lend you some money to pay for the mortgage is very slim. Even if you have fallen on hard times before and is on the way back up, your credit history might count against you even if you can already afford the mortgage. While there are some ways to go around this, it is still a challenge which has deterred many people from buying a new home.
If your job takes you from one place to another, then it is better to just rent a house. Of course, there would come a time when you would retire and settle down in one home, but while you are still going around the country, it would be wiser to just rent a home.
While these are compelling reasons why you should not buy a new home, there are several reasons why you should buy one. For example, the value of houses has gone down recently and it will only rise in the future. That means that buying a home in today’s economic situation could prove to be a good investment somewhere down the line. Also, if you find a short sale home in the relaxing backdrop of Encinitas in San Diego and you have an approval expert by your side it would be easy to buy a home at a good price. As said earlier, the final decision should and would be yours so you should take in a lot of data for you to make an informed decision.
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Sharon Pillar is an aspiring author born and raised in Los Angeles. When not busy writing her stories, she can be found writing pieces for Encinitas real estate and posting them online.
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