06/22/2024
Buying your first home can feel like a tug of war between your dream wishlist and your budget constraints.
The good news is “No” today isn’t “No” forever.
Let me explain.
Meet my friend Amanda. She purchased a home a few years back, buying a 2/1 in a growing neighborhood. As life moved forward, so did her dreams and her budget.
So, she sold that place and used her profits to level up to her next home. And guess what? She's planning to do it all again.
The moral is this: Your first home is exactly that — a first home.
And while it might not check every box, it's the foundation that leads you toward where you want to be in 5, 10, or 15 years.
Not to mention that along the way, you’ll enjoy the peace of mind that comes with having home equity, giving you options if you want to refinance when rates drop or take cash out for big-ticket purchases.
What’s more, when the time is right for you to sell, you’ll likely reap even more financial rewards.
Right now, owners who purchased their homes in Contra Costa County 5 years ago saw 7.62% avg. appreciation in their home's value per year. Those who purchased 10 years ago enjoyed 8.65% avg. appreciation per year.
So if you keep thinking about buying your first home but over and over again get cold feet because it feels too hard or too complicated or too out of reach, you can move forward.
If this sounds like you, let's connect! I will lay out the buying process in detail. Plus, we can work through assessments that will help you know if you’re ready to buy and get you ready for the best part of real estate — the showings!
Ellyn Stewart Real Estate
DRE # 02213532
Dudum Real Estate Group
