May 21, 2020
- Quiz: Are You Ready to Buy a House?
While things may never be the same as they were in 2019 before this novel coronavirus began to spread, we are starting to see a return to some aspects of normalcy in our community and around the country. Specifically, we are always looking at real estate trends for buying, selling, and financing homes in the Asheville area and beyond. But how do you know if you’re ready to buy a home?
This quick and easy quiz that’s all in good fun could help picture your future.
Keep in mind, this isn’t a scientifically prepared quiz, it comes from our years of experience and talking to thousands of people just like you.
1. How Would You Describe Your Financial Future?
a. Plenty of savings for retirement
b. Some debt including student loans and credit cards
c. Lots of debt
d. Living paycheck to paycheck
2. Did you save money for a down payment?
a. Yes, I can pay at least 20%
b. Yes, I can pay between 5% and 15%
c. I didn’t save but can get the money
d. I did not
3. Can you afford the monthly mortgage payment?
a. Yes, I want to buy a home below my means
b. Yes, I earn enough to make payments
c. I’m not sure
4. Have you considered other expenses including property taxes, maintenance, and utilities?
a. Yes, I have all of that figured in
b. I’m aware of these additional expenses
c. I hadn’t thought about it before
5. Are you ready to buy a house and do you know what you want?
a. Yes, I know exactly what I’m looking for
b. I’ll know it when I see it
c. I feel like I need to buy a house because it’s the next life milestone
d. I’m not sure
As you can see, there are no right or wrong answers, but you may be more or less prepared to buy a home depending on your current financial picture and lifestyle needs.
Consider the following:
If You Answered Mostly A
Congrats, it sounds like you’re prepared to buy a home. We always recommend that you make your first call to the team at GoPrime of West Asheville so we can give you a complete picture of your loan options. This way you know exactly the budget you’re working with so you can communicate clearly and effectively with a real estate agent.
If You Answered Mostly B
With mostly B answers, you’re probably there. You just need a little additional guidance. You’ve considered your options and even with some roadblocks, it’s workable. That’s why calling GoPrime will help you plan for the future. When you know what kind of mortgage you qualify for, you can create a better plan of action to buy a home in Asheville.
If You Answered Mostly C
You may not be ready yet, but you’re getting there. GoPrime can still help you by providing referrals to businesses and organizations in the Asheville area who can help you work on your debt and savings so you can reach better financial security and buy a home. The sooner you contact us, the sooner you will be in a position to make this happen.
If you Answered Mostly D
It’s okay, not everyone is ready to buy a house. There’s nothing wrong with that, and there’s nothing wrong with you. For a lot of people, renting still provides significant benefits and can be the better choice. But if you dream of owning a home someday, you don’t have to give up on that dream. Call GoPrime so we can talk to you about the options.
Preparing for Back to School in the Age of COVID-19 There is no longer any doubt: the 2020 school year is going to look very different. The COVID-19 pandemic is changing our lives as we strive to protect the most vulnerable, but that also means that our children will...
Our North Carolina Home: Just a Few Reasons We Love Asheville Do you love where you live? One of the things that we’ve found living here in Asheville is that loving the city is an integral part of the entire experience. Sure, that doesn’t mean it’s perfect rainbows...
How to Ditch Your Storage Unit in 4 Easy Steps Are you haunted by the idea that you have way too much stuff? The storage industry has an annual revenue of about $39 billion. If you do have a storage unit, when was the last time you were there? There are legitimate...
Investment ROI: Best Neighborhoods with Potential in Asheville Asheville Neighborhoods with the Potential for Return on Investment (ROI) As the real estate market begins to open back up, we will see a rise in investors looking at neighborhoods throughout the city and...
What Is a Community Partner Loan Pool? Put simply, a community partner loan pool is a system that assists qualified homebuyers with the down payment on their home. In our area of the country, we partner with the NCHFA to provide access to a community partners loan...
Labor Day: History, Celebrations, and Staying Safe The first Monday in September, this year on the 7th, is celebrated as Labor Day in the United States. It was born as a way to recognize the workers who create the foundation of our economy, which is more important...
How to Interview Contractors before Starting Home Renovations When you buy a home, or even if you’ve been in your home for a while, you may need some work done. It could be essential work, such as electrical or plumbing, that you don’t want to do yourself. Or it could...
How we can help you
Although labeled an independent mortgage lender, GoPrime Mortgage, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.
It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.
Let's Get Started
862 Haywood Road Asheville, NC 28806