When it comes to housing credit, knowing the right tools to help pick your loan
"The big thing is just because you qualify for a certain amount doesn't mean you have to spend it all," says Rhonda Young from Stovall Realtors.
Instead, Rhonda advices her clients to really take a look at a home that will make you comfortable, not necessarily the most expensive option.
The second big thing to remember, according to Rhonda, is the fact that owning a home is a long term investment. For anyone planning to stay in their home for less than two or so years, should probably think twice about making the commitment.
"By the time you buy the home, you've paid the fees associated with closing on a home, you might not be able to sell for enough really quickly to recoup your investment," she explains.
When it comes to buying a home, one factor to keep in mind is if at some point you will want to sell that home.
"Make sure that you're picking a home that's in a location that someone else is going to want to buy." says Rhonda.
In this housing market, being selfish and searching for a home that exactly fits your unique qualifications could backfire when it comes to selling that home in the future.
"You want to purchase a home that has features that are good for a lot of people," Ronda elaborates, "make sure that you're not getting to specialized... that you're not so focused on your own personal needs that you're forgetting that this is something you're going to want to sell someday."
If you have a question for Rhonda, you can find her on Facebook at Rhonda The Realtor or send her an email at firstname.lastname@example.org.