You deserve it!! Or Do You?

Have you heard this statement? Maybe on the TV? Maybe on the radio? Maybe from family or friends?

You deserve that new house!!

You deserve that new truck!!

You deserve that new phone!!

I absolutely HATE that word, DESERVE. I want to tell you a reality. YOU DESERVE WHAT YOU CAN AFFORD!! Our culture tells us do whatever makes us feel good. And you should do whatever it takes to feel good. Even if that means going into debt to get that feel good experience. It took me 40 years and losing a house to learn that lesson. I had an old friend tell me once, Do not let your WANTs become more than your NEEDs.

Now how does this relate to real estate? Well, if you want to move out of your parent’s home, out of that apartment, upsize or downsize your current property, you need start preparing yourself to buy a home.

• Come up with a strategy. Sit down with your partner (if you have one) and decide on a plan. How much of a down payment can you afford and how long will it take to come up with that money. And do not forget to save a little money for closing cost, earnest month, etc.
• 
  
• Check your credit score. If you want a quick glimpse to your credit score, go to Kredit Karma website and signup. Also, get your free annual credit report. Look for negative entries. Work on cleaning up your credit, if needed.
• 
  
• Get started now!! Doing item 1 and 2 only cost you time. It is never too early to get started. Get your plan in action. Work on cleaning up that credit. Start saving that money.
• 
  
• Find an agent you can work with. If you are buying a new home, most of the time the buyer agent’s commission comes from the seller. An agent will help you navigate the process. Please do not discount the value of have a good agent. If you are wanting to sell, have an agent navigate the process.

I hope my thoughts can help someone. Good luck with you journey.