What's Your Buying Motivation
Whether you are imagining a new lifestyle, moving up to a larger home, buying your first property or an investment property, you need to gain a comfort level with the logistical and financial impact going forward. You need to be fully informed with the correct facts to make an empowered decision, because it will impact your quality of life for years to come.
First Time Buyers: It may sound easy, with so much information available online, in social media, from friends, family members and colleagues. Only you can know what is right for you and what you can afford. Buying your first property in the ever-changing Northern Virginia market can be daunting. There is strong competition at all times for the best properties, and it is likely that when you find the home you love there will be more than one buyer competing for it. Looking at listings online and going to open houses will not get you to your goal. It’s great information for perspective, but you need a solid plan to get you there. Integrity agents help you develop a strategy to get you your first home, at the best possible affordable rate so you have a comfort level that your decision is the right one.
Move-Up Buyers: Are you ready for a larger or newer home? Do you sell first or find the property you want first? What can you afford? How can you make the most of the equity in your current home? How do you get your home ready for sale – what do you spend money on to prepare? How do you handle the logistics of moving?
These are questions all move-up buyers ask themselves. Integrity agents have walked this path with many clients over the years. We are prepared to help you develop both a logistical and financial plan that will get you moved to your new home with the minimum amount of disruption to your life.
Investing in Real Estate: Buying rental properties as an investment can be both rewarding and very risky. Buyers should be cautioned to view them as long-term, not short term investments in a diversified financial portfolio. Successful real estate investing requires a solid strategy that includes understanding the tax implications and 1031 exchanges, and how to find the right tax and legal resources to insure your financial investment is sound. The goal is to generate positive cash flow with a solid plan to make it happen. Integrity agents own rental properties, and have assisted numerous buyers with investment purchases. They can help prevent costly mistakes like:
- Underestimating the costs of the property: It’s not just about the mortgage, insurance and taxes, it’s also understanding the maintenance, rental and other costs both short and long-term
- Overestimating Appreciation: Gains in real estate are most often tied to appreciation, which in recent years has been on the decline