June 23, 2021


By Laurie Fahey

Laurie Fahey

Hello I am Laurie Fahey with Serenity Realty. I am licensed Realtor and a Certified Foreclosures and Short Sale Resource. I specialize in Residential and Multi- Family Commercial Real Estate. Contact me today, I am here to help. DRE#01971002
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Laurie Fahey


Tired of the rent race and thinking about buying? Buying a home is, yes, a huge financial decision, but it’s also an emotional one. And while you can find online calculators and quizzes galore to tell you whether you’re financially set, the emotional side of buying a home is often overlooked. To gauge if you’re ready—heart, mind, and means—to stop renting and buy, think about these below-the-surface questions:

  1. Is there a “want to” to buy a home?

You should never buy a home because others are doing it or because you think it’s what you’re supposed to do next. You’ve got to have your own “want-to” and desire.

  1. Are you ready to put down roots?

Buying is a more long-term decision than renting, so you want to be sure you’re ready to plant for at least a couple of years before signing on the dotted line.

  1. Do you desire more privacy at home?

If you’re exhausted by noisy neighbors and no place to stretch your legs, it may be time to buy.

  1. Are you content in your current job?

Lenders want to see job stability, so if you’re thinking of buying, evaluate your long-term employment plans.

  1. Is your debt-to-income ratio in a healthy place?

Your DTI ratio is an important factor when applying for a mortgage. Getting debt under control before purchasing is always a wise decision.

 Here are a few super practical questions to also ask yourself when evaluating your ability and timing for your first home purchase.

  1. Is your lease or current housing situation ending soon?
  2. Do you have some savings built up for a down payment?
  3. Is your credit score good?
  4. Is your employment situation stable?
  5. Do you plan to stay in the same area for at least 2 years?
  6. Are you tired of throwing away money on rent and ready to start building equity in your investment?

If your answers were yes then you are ready to jump head first into the home buying process.

The very first step in the road to homeownership is to contact me!

I specialize in helping First Time Home Buyers get out of the renting trap and get started building equity in their home investment.

The next step will be getting pre-approved for a mortgage loan. Give me a call today and I’ll help you find a great mortgage lender to review your financial information and determine what amount you will be able to borrow.

The next step will be getting pre-approved for a mortgage loan. Give me a call today and I’ll help you find a great mortgage lender to review your financial information and determine what amount you will be able to borrow.

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California Housing Market Report

California Buyers Still Can’t Afford Homes

The issue for California residential real estate remains the same. Poor affordability means that despite latent demand, buyers can’t afford the prices of homes in the Golden State. For that reason, many have left to find much cheaper homes in other states. Unemployment will likely be on the rise along with lower business profitability (tech sector continues to lay off workers) which means fewer buyers are likely for 3 to 6 months.

The stronger consumer optimism is running against sticky inflation and a likelihood the FED can’t lower interest rates. But will that discourage buyers in California? Demand is always intense in CA. No other place offers what California has, and buyers today do seem to put lifestyle at the top of their list.

5 Trends That Will Shape Luxury Real Estate in 2023

The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”

Nearly 90% of respondents to the Coldwell Banker survey say they believe the real estate market will be better than or the same as 2022 for property investment. The following emerging trends were noted in the report.