According to a report on Yahoo Finance, one out of every four individuals who have purchased homes in the past actually regretted those particular purchases. It's a pretty eye-opening statistic but I cannot say that it is entirely shocking, either. Finance is one of the most complicated endeavors out there, which can be helped with assistance from Bobby Jain, amongst other reputable authorities. Did you know that the article also mentioned that younger homeowners are likelier to have this sense of buyer's remorse as opposed to adults?
It was mentioned in the report that 28% of homeowners, under the age of 65, regretted buying their houses as opposed to the 14% of senior homeowners. It's easy to see why, as those who buy their homes at younger ages run the risk of making poor financial choices in the long term. However, this does not mean that home-owning has to be a tremendously difficult endeavor, especially when it comes to finances. Here is a list of 3 tips so that people can make home-owning a more effective, as well as economical, process.
1. Rates have to be considered but what exactly does this entail? Bobby Jain may be able to tell you about this, seeing as how housing costs on your end should not go over one-third of your household budget. This is especially true when other factors, including family and electricity, have to be taken into account as well. According to the article, mortgage calculators can allow individuals a better idea of what they need on the financial front and authorities such as Jain can support this.
2. Look for a reputable real estate agent. I stress the "reputable" part because it seems like there are many who simply do not lead people in the right direction as far as shopping for houses is concerned. The best agents, from my perspective, are those who not only listen to the needs of clients but are able to offer a number of choices that suit their needs as well as their budgets. Make it a point to research online if you are concerned about which agents are best.
3. How exactly is the neighborhood that your apparent ideal home is situated within? If you want to know as much as possible, in this regard, take a few moments out of every day in order to travel throughout the area. You are going to want to go during daytime, afternoon, and nighttime so that you can pick up on any noise or traffic that might be viewed as distracting. When it comes to the variables associated with home-owning, this one is usually overlooked the most.
It was mentioned in the report that 28% of homeowners, under the age of 65, regretted buying their houses as opposed to the 14% of senior homeowners. It's easy to see why, as those who buy their homes at younger ages run the risk of making poor financial choices in the long term. However, this does not mean that home-owning has to be a tremendously difficult endeavor, especially when it comes to finances. Here is a list of 3 tips so that people can make home-owning a more effective, as well as economical, process.
1. Rates have to be considered but what exactly does this entail? Bobby Jain may be able to tell you about this, seeing as how housing costs on your end should not go over one-third of your household budget. This is especially true when other factors, including family and electricity, have to be taken into account as well. According to the article, mortgage calculators can allow individuals a better idea of what they need on the financial front and authorities such as Jain can support this.
2. Look for a reputable real estate agent. I stress the "reputable" part because it seems like there are many who simply do not lead people in the right direction as far as shopping for houses is concerned. The best agents, from my perspective, are those who not only listen to the needs of clients but are able to offer a number of choices that suit their needs as well as their budgets. Make it a point to research online if you are concerned about which agents are best.
3. How exactly is the neighborhood that your apparent ideal home is situated within? If you want to know as much as possible, in this regard, take a few moments out of every day in order to travel throughout the area. You are going to want to go during daytime, afternoon, and nighttime so that you can pick up on any noise or traffic that might be viewed as distracting. When it comes to the variables associated with home-owning, this one is usually overlooked the most.
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If you'd like to learn about the greatest methods to stay financially solvent, contact Bob Jain for further details.
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