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Key Questions To Ask Before Buying An Orlando FL Home

June 16th, 2014 by tisner

If you’re considering buying an Orlando FL home here are some key questions to ask before you commit…

orlando fl home buyerWhy are you buying a home? Simon Sinek is the author of a book called Start With Why. It’s a business book, but is very applicable to life’s decisions. Sinek says that you must know why you’re doing something before you start figuring out how to do it. His advice surely applies to buying a home!

According to a survey by the Joint Center of Housing Studies at Harvard University, the top four reasons for buying a home have nothing to do with money. Typical reasons given were…

  • I want to have control over my living spaces
  • I want my children to go to good schools
  • We need more space for our growing family
  • We want to have influence over our neighborhood

There is no right or wrong reason for you to want to buy a home. It’s personal. The decision to buy also tends to be more emotional than financial. Make sure you know what your personal reasons for buying are, and use them to guide your decisions. You can’t avoid the financial issues, but that’s not the place to start.

Where are home values headed? According to the last quarterly survey by the average predictions of over 100 economists said national home vales would rise 4.28% in 2014. That is a national average. So, ask your favorite Realtor what they think concerning future values of homes for sale in Orlando FL.

Buying a home is not an investment in the real sense of that word. A home should be seen as a hedge against inflation. Therefore, you want to feel secure the home values are likely to grow more than the inflation rate. The NAR has predicted home values will increase 6% in 2014. That’s higher than Pulsenomics’ survey predicted. It is also higher than inflation is expected to be.

Where are interest rates headed? NAR predicted interest rates could hit 5.4%, or 1% higher than the end of 2013. That news should be saying to buyers there is no point waiting to buy. Don’t sit around hoping that mortgage interest rates will drop. Keep up with interest rates here.

That all says it’s probably a good time to buy. So, know your credit score and arrange your finances to make sure you qualify for a loan.

Access Teri’s one-stop Orlando FL home shopping website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Teri Isner, CIPS, CRS, GRI
Keller Williams At-The-Lakes
1170 Celebration Blvd
Suite 200
Celebration, Fl 34747

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