Buy The House You Want

You have a unique opportunity right now.  Home values are rising quickly and inventory is scarce, but interest rates are still so low that buying a house makes sense.  Purchasing now gives you a chance to purchase a rising value asset and pay a lower interest rate, but you have to buy the house you want.

Interest rates are the main determination for what you pay every month on your home, after the total price of the loan.  The lower the rate, the lower the payment.  Missing out on this opportunity could mean you would pay a higher rate on your home for the life of your loan.

That doesn’t mean that you should just jump on the first house you see, or make offers before you are ready to buy.

While inventory is scarce for homes, there are still houses out there for you.  If you can’t find what you want, look for something that you can develop.

If you want a big yard, you have to buy a house with a big yard.  If you want a pool, you can buy a house without one and build it out.  Put together your wish list for what you want and think about it critically.

Do you want a finished basement?  If the house doesn’t have one, it can be a blessing, since you can build it out how you want.  You can put in the bathroom where you want, install the biggest TV that fits on the wall, or whatever.  If you are a pool person, and the house doesn’t have a pool, you can build the pool that you want in the backyard and be the envy of the neighborhood.  Just make sure during the inspection that you are safe to build what you want.

Find out about zoning and what your rights are.  Maybe the house doesn’t have a pool because the cable line runs through the yard, or there’s a septic system buried there.  Learn about the property, and buy the one that fits you.

If you’re ready to buy your dream home, or the home of your future dreams, call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you.  Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?

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