Fairfax County VA Home Search Website Blog

Owning your own home is the great American dream. It is a refuge for your family and a major financial investment. However, homeownership is a great responsibility, so you should make sure you’re prepared for it before you jump in.

Here are six signs that you shouldn’t buy Alexandria VA homes for sale:

1. You have bad credit. When you have good credit, you can get better loan terms than if you have bad credit. This translates into a lower mortgage payment. Take the time to repair your credit before you buy a home.
2. You cannot qualify for a traditional mortgage. Lenders have created special loans for people who cannot qualify for traditional mortgages. These loans often involve a merger of two or more loans or adjustable interest rates. This means you stand a greater chance of losing your home, so they aren’t a good idea.
3. You are unsure about your job. Buying a home is a major investment, and you need to feel comfortable paying for it. If your job is in jeopardy, it may not be the right time to buy a home. Wait until you feel more comfortable about having a steady income.
4. You won’t have any money left after closing. As a homeowner, you are responsible for regular home maintenance and upkeep.
5. You cannot predict unknown repairs.  You need to be prepared when something like a broken water pipe or roof leak happens with money set aside in reserve.
6. You have a considerable amount of debt. Adding to a high debt load isn’t a good idea. If you already owe a considerable amount of money on credit cards or other loans, pay down your debt before you buy a home.

If you think you’re ready to purchase one of the Alexandria VA homes for sale, now’s the time to get some great bargains. I can help you find the right home at the best price and terms for you. Call me today at 703-909-3939 or email Steve@HomeSearchWebsite.com today.

Steve Hawkins
Long and Foster REALTORS®
Springfield, Virginia
www.HomeSearchWebsite.com
Steve@HomeSearchWebsite.com
703-909-3939