real estate

Buying your 1st home? 5 signs you're ready

Real Estate » Buying Your 1st Home? 5 Signs You're Ready

Ready, set, flexible
Ready, set, flexible © Lucky Business/Shutterstock.com

Timing is another crucial element in homebuyer readiness, says Amy Butterworth, an associate broker for Gibson Sotheby's International Realty in Boston.

A time frame that's too long doesn't make sense. But neither does a time frame that's too short. For example, if your lease doesn't expire for many months or you need to move within 30 days, buying a home might not be practical for you right now, Butterworth says.

The ideal situation is to be ready to buy and able to wait, especially if your housing market is a hotbed of multiple offers.

"There's no place in the market for a buyer who's hesitant and back on their toes," Butterworth says. "But they can't only be ready and raring to go because there will be disappointments -- that's just how the market is right now. You have to go into it with realistic expectations."

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Home prices rise at slower pace

Home price growth has slowed significantly. Should you be concerned?  ... Read more

advertisement
Partner Center
advertisement

Connect with us