The last four years have been great for home buyers in Southern California since we’ve enjoyed low mortgage interest rates and affordable home prices.
With the Real Estate market continuing to improve on a monthly basis many people are wondering when it’s the right time to buy a home.
In today’s post we will review some milestones in life you may approaching so you can know when it’s the right time to buy a home.
If you plan on getting married in 2018 marriage is a great time to buy a home since you will be able to find the right home you’re searching for, renovate (if needed), move in and have your first home ready by the time you come home from your honeymoon with your spouse.
As you expand your family this is also another great time of life to buy a home since a bigger family means you will need more space for your children to run and play as they grow.
Buying a home once you reach midlife is also a smart choice as well since most people in their 40’s will have aging parents and you can find a home for sale in Orange County which has an in-law suite or plenty of room for your parents as they grow older.
As parents we don’t want to think about the time in life when our kids will be grown and moved out of the house but this is also another great time to sell your home and buy a smaller house since you won’t need as much space as when your children were young.
Last of all, but most important, buying a home as you approach retirement is also a great idea since you might want a home which is on one level, without stairs, close to stores and the hospital so you can have everything you need within a short drive or walking distance as you age.
Buying a home as you approach retirement is also a great idea for your investment portfolio since you can also use that home as a rental to generate income in your retirement.
For home buying tips or to view the latest Orange County homes for sale contact Fred Sed & Associates today by calling us at (800) 921-9231.