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3 Questions to Ask Before Buying Your 1st Home

Baystate Exterior Restoration, Inc. • March 3, 2019

The real estate market is constantly changing, so of course DO YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.

  • a woman in a pink shirt is holding a key in her hand

What made you consider owning a home?

Forget finances for a minute and focus on what made you consider even buying a home in the first place!


  • Is your family expanding?
  • Does your family feel safe?
  • Is there a STELLAR school system in the area so your children can get the education they deserve?
  • How about that unbearable landlord?

 

Which way is the real estate market going?

DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Not only are they on their way back up, but these increases are happening monthly. Don’t believe us? According to Existing Homes Sales Report from the National Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year. If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.


What is the mortgage forecast?

The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TOO IT! The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time! Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will DEFINITLEY increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.


Final thoughts

If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision. Don’t forget, this move is FOR YOU!

a man is giving a key to another man in front of a model house

4 Questions to Ask Before Selling Your Home

By Baystate Exterior Restoration, Inc. • September 3, 2019
If you’re thinking about moving on, then there are a few questions you need to ask yourself before you take the plunge and list the house. When you can answer these questions, you’ll know you’re in the right place emotionally and financially to move on to your next space.
a large brick house with a white siding is for sale

16 Common Mistakes That First-time House-flippers Make

By Baystate Exterior Restoration, Inc. • August 15, 2019
Before you flip a house, you have to buy it. Depending on whether you’re paying all-cash or getting a mortgage loan (and whether you already own a primary residence or not), you will have to secure a down payment for the home, plan on paying mortgage interest for the months that you carry the mortgage, pay for utilities, and pay for the expenses of actually fixing up the home.
a large white house with a porch and a for sale sign in front of it

How to Effortlessly Save for a New Belton Home

By Baystate Exterior Restoration, Inc. • July 30, 2019
If you’re renting your current home and have your eye on making a home purchase in the near or distant future you might be worried that it can’t be done. The good news is that there are some effortless ways to grow your home savings with a little bit of set up and a touch of discipline.
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