3 Questions To Ask Before Buying Your 1st Home

The real estate market is constantly changing, so we encourage you to do your research! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.

Also, many public websites may be interesting to browse, but please know they cannot take the place of a local professional who can provide you with up to date data and accurate information.  The “Z” site is not accurate and I fear clients following it’s data and feeling they learn the local market with estimates.   It is interesting, I have a profile and bio there you can check out here …and they have a lot of great resources and tools, but as for the estimates…I fear for buyers gathering their knowledge on an estimate rather than accurate data.  I want to help with that!

So…question for you…


Forget finances for a minute and focus on what made you consider even buying a home in the first place!

·      Is your family expanding?

·      Does your family feel safe?

·      Is there a STELLAR school system in the area so your children can get the education they deserve?

·      How about that unbearable landlord?  Or why would you want to pay his mortgage, helping him gain equity when you could be doing so for your self?  Paying into a landlord’s mortgage payment is like adding to someone else’s piggy bank instead of your own.


DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Prices have risen a good deal in the last few years.  Just ask recent sellers in Middle TN who sold …ask around, “How much equity did you have in your Rutherford County Home?”  You may be surprised.  I know many of my sellers have been…happily surprised.

According to Existing Homes Sales Report from the National Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year.

If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.


The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TOO IT!  You need to speak to a highly qualified lending professional.  Maroney Real Estate can introduce you to a few great local lenders if you’d like to learn what it takes to get you mortgage ready.  We want to be YOUR real estate professional…to educate, to advise, to help and to be with you every step of the way!

I was recently informed Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.  Look into getting approved for a loan before rates go up and let us help you make the dream of homeownership a reality in 2018!


If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision.

Don’t forget, this move is FOR YOU!  We are here to help!


Author: Maroney Real Estate

As a 2nd generation real estate professional, I take great pride in putting the client first and educating my clients on the process of buying or selling a home, which in turn brings about a stress-free transaction. I feel integrity and open communication are the key to success in a happy client-Realtor® relationship. If you are interested in buying or selling a home in Middle TN and are looking for a real estate professional with vintage values, coupled with the use of today's technology, I'd be honored to hear from you! Let's make your dreams come true together! Professional Credentials: TN Real Estate Broker Accredited Buyers Representative Did You Serve?™ Certified Pro Agent

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