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Are You Ready for Home Ownership

Nov 25, 2024 | Uncategorized

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Find Out by Answering These 4 Questions…

Have you been dreaming about a larger, roomier or more luxurious living space? Or perhaps just want to experience the joy of owning your own home and building your net worth instead of renting? Let’s explore a few questions that can help to answer whether or not you’re ready for a new lifestyle as a homeowner.

Can You Realistically Afford To Buy A Home?

The first consideration to make is a financial one: can you afford it? Buying in a home is a significant financial investment. In most cases you’ll need to manage monthly mortgage payments for many years. The good news: owning a home is a more affordable than you might think. If you’re already a stable renter then you’re most of the way there.

Do You Have Your Down Payment Saved Up?

If you’re confident that monthly payments are no problem, then the next step is saving up enough to cover your down payment. This is a lump-sum investment that you make when you buy the home. The rest of the purchase cost is paid by your mortgage lender, who you pay back over time. Typically your down payment is around 20 percent of the home’s cost, but there are assistance programs which can reduce this further.

Do You Know What Type Of Home You Need?

Once you’ve cleared all of the financial hurdles, you will next need to decide exactly what kind of home you need. If you’re a single young professional, a condo or apartment might be the perfect starter home from which you can upgrade later. Or you might prefer something more rural which comes with more yard space, perfect for pets.

Are You Ready To Set Down Some Roots?

Finally, it’s worth taking some time to decide whether or not you’re ready to emotionally and physically invest in your local community. Is your career stable enough that you won’t be moving for at least a few years? What about that of your partner or spouse? If you don’t already, do you envision having children in the future? All of these are considerations that will help you choose the right neighborhood.

If you are considering selling your home, be sure to contact us at (865) 290-7585 or email us at info@nxgproperties.net so we can provide you with a Fair Cash Offer on your Knoxville house.

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Recent Testimonial

  • Jeff

    I recently sold my house to Brent, and while this can be a very stressful process for most, I felt 100% confident by selling to him. Brent was honest, gave great feedback, and helped explain clearly all details and managed the sale professionally. In addition, he was extremely responsive to every question and concern no matter how small.

  • Karla

    Working with Brent during the sale of my house was about as easy as it gets. Having the ability to close on my time frame was huge for me in my decision to sell. All I had to do was take my personal belongings!

  • Jeanne & David

    We recently sold our last rental property to Next Gen Property Solutions. Selling this property was by far the easiest process for us. Brent was very professional and knowledgeable and we basically did nothing but show up for the closing! We would definitely do business again with Brent and Next Gen Property Solutions!