Let’s talk about motivation when it comes to buying a home: homebuyers are motivated by different events to buy a home. 

 

Here are 5 common motivations for buying a home:

1. Encouragement from family that investing in real estate will build generational wealth

2. Moving jobs and needing a new place to live

3. The right opportunity to purchase a specific home pops up (right neighborhood, right price, or buying from a family member)

4. Wanting more stability and not having to deal with Landlord restrictions on remodeling, pets, or what you can do with the property

5. Desire to build equity and start a real estate portfolio

 

 

 

Take a look at this Short History of Interest Rates by C.A.R. Today’s six percent interest rates are not the highest that they have ever been. In the 1980s home buyers were facing 12.7 percent mortgage rates.

 

Here is the key part — no matter what interest rates are, dig into your motivation. What is prompting you to buy a house? What is prompting you to sell? 

 

 

As KALEO REALTORS, we care about your WHY! Sometimes homeownership becomes a burden and the cost of up-keeping a property is a stressful headache. I can help you sell and find a smaller more manageable property (and even show you how you can take your tax base with you too if you are eligible).

 

KALEO agents would love to hear what motivated you to buy your first house. Was it financial gain, the freedom to build/remodel, or a family member encouraging you to take that big step?

 

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.