Tips To Getting That Piece of Paradise

Step 1: Determine Your Budget The first step in purchasing a home is to determine your budget. This will help you to narrow down your search to homes that are within your price range. Take into account your monthly expenses, including your mortgage payment, insurance, and property taxes, and make sure you have enough to cover these costs comfortably.

Step 2: Find a Realtor A realtor can help you with the home buying process from start to finish. They will help you find homes that meet your requirements and budget, and will be there to answer any questions you may have. Choose a realtor who is knowledgeable about the Tampa Bay area and has experience working with home buyers like yourself. We service from Crystal River to St Petersburg over to Wesley Chapel and Tampa. Check out popular towns below.

Step 3: Start Your Home Search Once you have a clear idea of your budget and have found a realtor, it's time to start your home search. Look for homes that are within your price range, have the features and amenities you want, and are in a location that's convenient for you. Your realtor can help you with this process.

Step 4: Make an Offer Once you have found a home that you would like to purchase, it's time to make an offer. Your realtor will help you with the negotiations and will ensure that your offer is in line with the current market conditions.

Step 5: Get a Home Inspection Before you finalize your purchase, it's important to have a home inspection. This will give you a clear understanding of the condition of the home and will give you the opportunity to make any necessary repairs before you move in.

1. PRICES WILL CONTINUE TO RISE
The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment
strategists, and housing market analysts. Their most recent report projects appreciation in home values
over the next five years to be between 15.1% (most pessimistic) and 32.8% (most optimistic). The bottom
in home prices has come and gone and home values will continue to appreciate. There is no sense in
waiting – now is the time to buy!

2. MORTGAGE INTEREST RATES ARE PROJECTED TO INCREASE
Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year
mortgage have softened recently, most experts predict that they will begin to rise over the next 12
months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of
Realtors are in unison projecting that rates will be up almost a full percentage point by the end of 2015.
An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a
year from now if a mortgage is necessary to purchase your next home.

3. EITHER WAY YOU ARE PAYING A MORTGAGE
According to a paper from the Joint Center for Housing Studies at Harvard University:
“Households must consume housing whether they own or rent. Not even accounting for more favorable
tax treatment of owning, homeowners pay debt service to pay down their own principal while
households that rent pay down the principal of a landlord plus a rate of return. That’s yet another
reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4 IT’S TIME TO MOVE ON WITH YOUR LIFE
The ‘cost’ of a home is determined by the price of the home and the current mortgage rate and it
appears that both are on the rise. But, what if they weren’t? Would you wait? Look at the actual reason
you are buying and decide whether it is worth waiting. Whether you want to have a great place for your
children to grow up, you want your family to be safer or you just want to have control over renovations,
maybe it is time to buy. If the right thing for you and your family is to purchase a home this year, buying
now, rather than later, could lead to substantial savings.