While you are looking at homes and once you make an offer on a home, there are some questions you should be asking yourself to help keep common sense involved in the decision making process:
1. Does the home work for you and does it meet your NEEDS?
*Remember the difference between wants and needs?
2. Do the numbers work for you?
*Can you reall afford this home?
3. What sacrifices are you making to get this home?
*It helps to think specifically about what you might be giving up for this particular home.
4. Will the home meet your needs for the near future?
*Will your family be growing? Are the kids going away to college?
*Will you still want to mow that big back yard in a few years?
If you know that you are the type of person who easily becomes emotional in your decision making process, it might be a good idea to carry a note card with these four questions on it to remind you while are looking!
Wendy’s Wisdom: Remember to strike a balance between emotions and common sense in your home buying process. It will help you enjoy your home that much more once you actually move in.
Excerpt taken from Rent-To-Buy: Your Hands-on Guide to BUY Your Home When Mortgage Lending Is Tight, Chapter 3, Pages 51-52.
To view this post in its original location, http://www.wendypatton.com/blog/keep-common-sense-involved-in-the-decision-making-process.
Wednesday, May 26, 2010
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