[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2xh7vwvbgxq61":3,"$ffeh0925h8cuz":41,"$fbwk2pqjjqsc7":45},{"item":4,"previous":31,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},276,"3-questions-to-ask-yourself-before-buying-a-home","3 Questions to Ask Yourself Before Buying A Home","\r\n\r\nIf you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estat...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignnone size-full wp-image-30470\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F04\u002F3-Questions-To-Ask.jpg\" alt=\"3 Questions To Ask Yourself Before Buying A Home | Simplifying The Market\" width=\"600\" height=\"315\" \u002F>\r\n\r\nIf you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home.\r\n\r\nThere are 3 questions you should ask before purchasing in today’s market:\r\n\u003Ch3>\u003Cstrong>1. Why am I buying a home in the first place?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThis truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances.\r\n\r\nA study by the \u003Cem>Joint Center for Housing Studies \u003C\u002Fem>at\u003Cem> Harvard University\u003C\u002Fem> reveals that the four major reasons people buy a home have nothing to do with money:\r\n\u003Cul>\r\n\t\u003Cli>A good place to raise children and for them to get a good education\u003C\u002Fli>\r\n\t\u003Cli>A place where you and your family feel safe\u003C\u002Fli>\r\n\t\u003Cli>More space for you and your family\u003C\u002Fli>\r\n\t\u003Cli>Control of the space\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nWhat non-financial benefits will you and your family derive from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.\r\n\u003Ch3>\u003Cstrong>2. Where are home values headed?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhen looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.\r\n\r\nHere is what the experts projected in the latest survey:\r\n\u003Cul>\r\n\t\u003Cli>Home values will appreciate by 4.4% in 2015.\u003C\u002Fli>\r\n\t\u003Cli>The cumulative appreciation will be 19.3% by 2019.\u003C\u002Fli>\r\n\t\u003Cli>Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 11.7% by 2019.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Ch3>\u003Cstrong>3. Where are mortgage interest rates headed?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nA buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates.\r\n\r\nThe \u003Cem>Mortgage Bankers Association (MBA)\u003C\u002Fem>, the \u003Cem>National Association of Realtors\u003C\u002Fem> and \u003Cem>Freddie Mac\u003C\u002Fem> have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nOnly you and your family can know for certain the right time to purchase a home. Answering these questions will help you make that decision.","\r\nOnly you and your family can know for certain the right time to purchase a home. 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