t is easy to become overwhelmed when you enter the home-buying market. Friends, family, colleagues, and even acquaintances will give you their opinions, especially if you are a first-time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.

It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home, and your comfort level will help make your final decision.

Here are three important questions to ask before you purchase a home:

1. 1. Why am I Buying a Home?
      Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually, the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for Housing Studies at Harvard found that there are four reasons people buy a home.These reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space. These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up?Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.
   2. What is the Trend with Home Values?
      Our current economy and housing market are strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted that these trends will continue in an upward motion, causing home values to increase further.
   3. What About Current Mortgage Rates?
      The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, as the rates may be even higher down the road.

Bottom Line:
You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and to establish a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, as home prices and mortgage rates are increasing.

Donec quam est, suscipit vel ligula ut, aliquet maximus libero. Pellentesque finibus tellus vitae dolor lacinia eleifend. Vivamus convallis nunc ante, ac placerat turpis imperdiet in. Aenean posuere tortor vitae mi mollis tempus.

Focus on The User

Suspendisse eu lectus tempus, feugiat enim in, lacinia augue. Cras scelerisque risus vel nulla dictum vehicula. Phasellus vel massa massa. Curabitur a turpis vitae ipsum tempor varius. Etiam iaculis purus vitae velit blandit posuere. Cras scelerisque volutpat bibendum. Donec a justo sapien. Phasellus condimentum volutpat ex eget consectetur. Mauris vulputate aliquet commodo. Aliquam dictum tristique risus vel cursus.

Nulla sit amet nunc massa. Praesent sed est pellentesque, varius tellus non, efficitur nisi. Sed sit amet purus in odio varius tincidunt. Mauris ut ante lobortis, elementum orci efficitur, bibendum leo. Nulla fringilla porttitor congue. Nunc ac semper sapien, a lobortis augue. Morbi ullamcorper erat vel nunc euismod, at condimentum turpis iaculis. Aliquam pretium blandit ultrices.

Ut porttitor bibendum velit. Vivamus urna lorem, dapibus in odio nec, dapibus maximus risus. Vivamus eleifend vulputate egestas. Curabitur in diam eget lorem vehicula scelerisque. Mauris neque nibh, scelerisque ac malesuada at, feugiat a nisl. Etiam pulvinar nibh eget ullamcorper rutrum. Duis nec lobortis ex.