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Friday, January 06, 2012

First Time Home Buyer Tip - Sometimes it is best to rent….

Sometimes, as much as one thinks they must purchase a home, the reality may be renting for the present is the best option.  Depending on the circumstances renting may be the only option at this time.

I recently spoke with someone who had no money, bad credit and only their word as a  “promise” to pay.

They knew they could not get a mortgage.  Owner financing was the most likely option.

I have no doubt about this individual's sincerity.

Still I had to explain the owner’s position from my perspective.  A seller has to have some sort of reason to assume all the risk.

Buying a home is a major step and takes planning.

The initial planning should focus on desire and ability to buy.

If you are a first time home buyer and have questions about the process, give me a call or send me an email.

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