Is This the Right Time to Buy? - For 1st Time Homeowners

We're hearing in the news - "The sky is falling!" "Real estate is going to drop!" We're reading that interest rates are on the rise.

Is this the right time to buy? That answer depends on what you want to do with your real estate purchase. Our parents probably bought one house in their life time - it's the one you grew up in and the one they still live in. If that's your plan, 30 years down the road, it's probably safe to say that your property value will have gone up. There isn't any new land being created - at least on most of the major Hawaiian Islands and unless you want to live on a lava field.

Still 30 years is a long time and a lot can happen. We've been reading in the newspapers about the increase in foreclosures happening nationwide. We think what if that were me?

Is this the right time to buy? If you're a first time homeowner, the next question is your REAL question - Am I prepared to buy my first home? If not, how can I get prepared? Here are some things to think about.

1. Do you know what your credit score is like?
2. How much mortgage can you afford?
3. Do you know where you'd like to live?
4. Do my spouse and I agree that this is the right time for us?

Just remember that nothing is impossible. Your dreams of home ownership can become a reality but you have to be financially prepared to handle that blessing!

I'd like to help you turn your dreams into realty! This is your year!

Coreen K. Nishijo (RA)
The Master's Plan Realty, LLC
Office: (808) 488-2992