Home Buying Process in Oahu | Deciding to Buy in Hawaii

Deciding to Buy a Home

Are you tired of the rent race and thinking about buying? Today I’m going to give you five questions you can ask yourself to gauge if you’re ready to take the plunge into homeownership.

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.

Are You Ready?

To gauge if you’re ready—heart, mind, and means—to stop renting and buy, think about these questions. Are you ready to put down roots? Buying is more of a 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.

Questions to Ask Yourself Before Buying

• 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.

• Are you content with your current job?

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

• 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.

• Is there a “want to” to buy a home?

Buying 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 gotta have your own “want-to” and desire.

The first step towards homeownership is saying with confidence, to yourself and others, “Let’s do this!”

Want to Know More?

Reach out to us if you’re interested in buying a home in Hawaii to see available homes for sale in Hawaii Oahu.