Home Ownership and Buying FAQ Dallas TX

When you have questions needing answers that really hit home, contact the Deadline Newsroom. This installment: home buying timing; getting the best mortgage; home ownership costs.

by Broderick Perkins
© 2008 DeadlineNews.Com

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Deadline Newsroom - Q: The market is flat, prices are falling in some communities. Should I buy a home now or wait?

A: Don't base your home purchase decision solely on market conditions.

It can be profitable if you can buy low and sell high, but home buying is more than an investment. There's also the tangible aspect of a roof over your head. Buy a home right now to live in for a decade or more and not only will you stop dropping rent into a black hole, chances are you'll also enjoy some appreciation and numerous tax benefits along the way. Buy a home in a soft market and expect to flip it for a profit in six months to a year and you could lose your shirt. And there are a lot of potential outcomes in between.

Home buying is a very personal decision. Buy a home based on your financial ability, lifestyle needs and personal goals. Check your credit, shop around to see what's available and what you can or cannot afford and get professional help from mortgage and real estate experts to help you make a sound decision. ...

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