If you are looking for a condo to buy in Phoenix or Scottsdale, We Know Urban Realty will help you find the perfect place. Their realtors are experts when it comes to urban living. Visit the site to see what's available right now: www.weknowurban.com Will Daly, Broker We Know Urban Realty, LLC 834 E Claremont Street, No 3 Phoenix, AZ 85014 (480) 510-8755 Email: Will@WeKnowUrban.com

1. How to KnowWhen You Are Ready to Buy a House

2. Owning your own home is one of the prime
goals of most adults in America. However, the
events of the recent mortgage crisis also
taught buyers to avoid jumping into a home
purchase too quickly.

3. Owning a house has many benefits, but it
also comes with many responsibilities.
Potential homebuyers should take a close
look at a number of factors before making the
move into home ownership.

4. These factors can help you decide whether to
look at single-family homes or downtown
Phoenix condos to suit your needs.

5. Financial Readiness

6. Before considering purchasing a home, you
should do a careful review of your
financial condition.

7. You should have a steady income with a
minimum amount of personal debt.

8. If you have outstanding debt, such as student
loans, car loans or other indebtedness, try to
pay it off before making your home purchase.

9. Check your credit score to ensure there are
no unpaid bills on your record. Your credit
score should reflect your ability to pay bills
reliably so that lenders will offer a good
interest rate.

10. Consider How Long You
Expect To Stay

11. If you plan to stay in the area for at least five
years, home ownership provides better
financial incentives than renting.

12. However, the costs of financing, moving to,
furnishing and decorating a new home can
add up quickly.

13. It will take at least five years in a new home to
make up for these expenses.

14. If you plan on staying in the area less than
five years, it may be more financially savvy to
continue to rent for the duration.

15. Willingness To Take on
Maintenance

16. Home ownership also brings along with it the
need for regular maintenance of exterior
features.

17. The thought of constant home maintenance
chores can deter individuals from making this
investment.

18. They may not want to spend time and money
on lawn care, roof maintenance and other
issues.

19. After-Tax Cost of
Ownership

20. Potential homebuyers should also look at
additional expenses that affect the cost of
home ownership.

21. Taxes and insurance premiums can be
expensive in some areas. If you are trying to
stay within a budget, consider these
expenses, as well as tax benefits that will
accrue from home ownership.

22. Lifestyle Factors

23. Individuals who own a home generally spend
a great deal of time at home.

24. They may enjoy being away from crowded
urban areas and want a large home for
entertaining and houseguests.

25. However, other people enjoy the hustle and
bustle of the urban scene, and tend to spend
their leisure time away from home at the
theater and in restaurants.

26. These individuals may find that a Scottsdale
condo or Phoenix condo better suits their
social and leisure tastes.

27. Real Estate Market
Conditions

28. Another factor that can influence your ability
and timing in purchasing a home is the local
real estate market.

29. Prices can vary greatly within one area or
even one city. Different types of housing can
also vary in price.

30. The value of condominiums in many urban
areas can often be much more stable than
housing in outlying areas.

31. This trends makes Phoenix condos or
Scottsdale condos worth considering for many
homebuyers.

32. If you are looking for a condo to buy in
Phoenix or Scottsdale, We Know Urban
Realty will help you find the perfect place.

33. Their realtors are experts when it comes to
urban living.

34. Visit the site to see what's available right now:
www.weknowurban.com

35. Will Daly, Broker
We Know Urban Realty, LLC
834 E Claremont Street, No 3
Phoenix, AZ 85014
(480) 510-8755
Email: Will@WeKnowUrban.com