- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Replies (3)
Homeownership comes with a lot of responsibilities. If you are not even sure that you like the area that you are in... do not buy.
As for building equity... There is no guarantee that you will gain equity when you buy the property. These are different times and the majority of property is expected to drop in value over the next 9-12 months. I would suggest waiting until you find a place that you like.
On $30K a year salary... save your money so that you have a good down payment. Make sure that your credit is good. Find a place you like, then maybe start thinking about buying.
- Chris Tesch, "Chris Tesch"
- Contributions:239
Yes, you do have to be motivated to buy a house. You are motivated, when needed, to rent an apartment, motivated to get out of the house and go to work. I think perhaps you're just meaning that you're not excited. Usually when we see people that aren't excited about buying it's because of a concern. You might need to sit down and figure out what your concern with purchasing a home is. Perhaps you're concerned about the market, or committing to an area. It helps if you take the time to analyze what your situation is and come up with a list of good questions for a local expert.
Good luck with your situation!
Good luck with your situation!
- Bob Schenkenberger, "GetHomeDenver"
- Contributions:10
I think the fact that you are asking the question, shows that there is some motivation.  Your motivation may be only to investigate right now, but after the investigation, you will certainly be able to make an informed decision between buying and renting.
It's a pretty great time in the Denver area to be a buyer!  In my opinion, we hit bottom around March of 2008, and have been bouncing off of it since then.  The fact that we started our decline 3+ years ago, the cyclical nature of real estate, historically low interest rates, and reduced inventory has created the "perfect storm" for a first time buyer.
I have written extensively about it on my blog at http://BlogHomeDenver.com  if you would like to read more.  If you would like to investigate what you may be able to buy, let me know!
Bob
303.770.1180
It's a pretty great time in the Denver area to be a buyer!  In my opinion, we hit bottom around March of 2008, and have been bouncing off of it since then.  The fact that we started our decline 3+ years ago, the cyclical nature of real estate, historically low interest rates, and reduced inventory has created the "perfect storm" for a first time buyer.
I have written extensively about it on my blog at http://BlogHomeDenver.com  if you would like to read more.  If you would like to investigate what you may be able to buy, let me know!
Bob
303.770.1180
Do I need to be motivated to buy a home?
If I bought something, at least I would start building equity, or
if not equity, I would at least have a place to come back to no matter
where I roam. I make about 30K if that matters. I suppose I can make 30K a year anywhere since I have a CDL class A.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.