That first W is when to buy. Most people will say the best time to buy is in the spring and many start their search when the weather is changing. Some will say it may be time when your family size is changing.
Really the best time to buy is when you are financially ready. You will know it is time to move you know you are ready. You have the means to do so. It can be difficult when you don't have good credit, so many will make sure that they take care of these things first. Then, it is time to move.
Knowing why may sound simple enough, but many have no clear idea why they are buying a home. Some of the reasons to buy a home could be...
To live in it yourself, or to generate rental income ,or to sell it after it appreciates in value, as a hedge against inflation, maybe even a combination of some or all of these.
Many will look at homes they can afford, and buy what feels right at the lowest price possible.
If you are looking to buy a home for you and your family to live in, you definitely want to buy a home you like and are comfortable with. Because you are the one who will be living in it.
If you are considering selling the place later and profiting from it, then that may not necessarily be the best thing to do. It's not always the cheapest homes that show the best appreciation. Surprisingly, the luxury homes may appreciate the most over several years.
Buying a home for investment is a lot like investing in stocks. You want to know the market if you really want to make money from it. If you are planning to buy a home to sell it later and make money, then you should buy a home that the market is likely to value over time.
As your Highlands Ranch Realtor Bruce Swedal provides professional real estate services to the entire Denver real estate market.
http://ezinearticles.com/?The-Two-Ws-of-Buying-Your-Home&id=697730
