Recently, we saw how there are a number of quality questions you can ask before you buy your first home. And really, asking these can prepare you for what could possibly be the biggest financial decision of your life. This is because buying your first property is just as much about making a smart decision as it is finding your next dream home.
As an investor and Southwest Florida real estate agent, I recommend viewing your first home as a strategic investment for years to come. Of course, it doesn’t hurt that our real estate is beautiful and affordable. Factor in the positive value growth we’ve seen recently, and you have a regional market that’s worth taking a look at. And we haven’t even mentioned the amenities yet!
So, today, we’re going to review a few more questions that can help you purchase your first home. And you can use them whether you’re buying a home in Southwest Florida or beyond.
How long have you been at your current job?
When you’re thinking about buying a home, you’ll be considering all sorts of financial factors. Most people know to focus in on their credit reports. But there are also other aspects of your situation that are important too. One of them is how long you’ve been at your current place of employment. Lenders will often want to see at least 2 years of steady employment.
What are you paying in rent?
This is one question that I love to ask potential home buyers. As a real estate investor, I’ve seen how your first home purchase can be set the stage for future financial success. But some renters assume that with a house comes other financial obligations. And while that’s true, rent can often be more costly and for less. Getting that extra perspective can help you decide if buying a home is right for you.
How do you feel about upkeep?
Now, I also like to ask my potential clients how handy they are. It’s true you can always hire someone to do the big stuff (or even the small stuff). As a real estate investor, I’ve done that many of times and even have a team to handle much of it for me. Still, it pays to know something about what’s required for the upkeep of a home. Being able to identify issues and bring in the experts before a problem grows bigger is a big plus.
Do you love the beach or the city?
For Southwest Florida, another question I recommend asking is whether you love the beach or the city. Of course, in our neck of the woods, you really can have a bit of both. After all, you’re never far away from downtowns with amenities, sleepy coastal cities, and some of the best outdoors in the world. Even so, it’s good to ask how close you want to be to the beach or if being right in the middle of it all is more important to you. This can help give you perspective on exactly what kind of lifestyle you’ll love here in Southwest Florida.
Are you starting the process to buy your first home in Southwest Florida? I’d be happy to help you have a wonderful experience!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service