Thinking About Buying Your First Home -- Apopka FL Real Estate
By Rick Belben, Orlando Real Estate - Belben Realty Group
(Belben Realty Group)
Thinking About Buying Your First Home?Thinking about purchasing a home of your own? Keep these critical considerations in mind: How long you plan to live in the home.If you purchase a home and get a job transfer or decide to move after only a short time, you may end up paying money in order to sell it. The value of your home may not have appreciated enough to cover the costs that you paid to buy the home and the costs that it would take you to sell your home.The length of time that it will take to cover those costs depends on various economic factors in the area of the home. Most parts of the country have an average of 5% appreciation per year. In this case, you should plan to stay in your home at least 3-4 years to cover buying and selling costs. If the area you buy your home in experi...
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