Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH
It’s hard to even think about New Year’s without the word ‘resolutions’ popping into your head—not to mention that it’s nearly impossible to go to any kind of Rehoboth Beach New Year’s Eve get-together without the topic coming up. In the realms of diet and exercise, New Year’s resolutions are highly relevant, and the pledges made on their account are the most likely to be followed religiously (at least until the Super Bowl parties put an end to them).
You might think that the field of real estate (even Rehoboth Beach real estate) would be unlikely to inspire any resolute oaths for the coming year, but that proves to be an incorrect assumption. A quick survey of real estate new year’s resolutions yields any number of lists of recommended pledges. There are 6 of them at the Bankrate mortgage site; another 5 at AOL; and a whopping 10 at both the Realtor® and Houselogic websites!
Whether or not you feel duty-bound to put any of these pledges into your own personal action queue on January 1 is up to you—but these are among those that are repeated most often:
Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.
What a simpler world it would be if Delaware home buying could be reduced to anything like a simple 4-Step process. Even better if those were four easy steps. Actually, without actually coming out and saying so, that’s the tantalizing prospect hinted at on radio financial guru Dave Ramsey’s web site’s “Home Buying Process Made Easy.”
Ramsey is the likable media expert in household budgeting and financial planning. A good deal of his guidance could be summed up in just 2 steps:
1) get out of debt (except for mortgage debt) as soon as humanly possible; then,
2) stay out.
Since that’s not bad advice, the promise of home buying in 4 steps seems almost reasonable. After all, his millions of listeners have undoubtedly benefitted greatly through the years (once they’ve figured out a way to act on the advice).
And in fact, his 4 easy home buying steps are actually not far off-target—although I think they’re out of order:
Realistically, Delaware home buying involves a bit more involvement than that. Also, Step 4 should actually come after Step 2, and Step 3 (getting a mortgage) should come after that—and after you and your good real estate agent have zeroed in on your target Delaware home.
One more practical alteration: the 15-year mortgage structure automatically results in a higher monthly payment that, when combined with a 25% of net income budget cap, could yield an unrealistically limited budget target.. Being financially conservative also means being realistic. A growing family, for instance, might find that they have wasted money if they have to move to a larger home after only a few years.
That’s where your good real estate agent can save the day. Call me at any step in the process: I’ll be your sounding board on today’s practical short and long term Delaware home buying trade-offs! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.