During times when the Provo real estate landscape is considered a ‘buyer’s market’ does that mean it is a good time for you, specifically, to buy a Salt Lake City property?
Market conditions aren’t always in sync with personal conditions. Don’t hastily buy one of the many Provo homes for sale just because real estate prices and interest rates are low.
Here are some things first-time Provo home buyers would be wise to consider:
Is your income stable? Life becomes a nightmare when a fluctuating income dips below what is necessary to pay the mortgage. The naked truth is that many Provo families lost their home, equity, and credit rating because they lost their income.
How long will you call Provo home? If you haven’t decided where you want to put down roots, you may not want take on a long-term investment. If there is a chance your Provo employer will require you to relocate, this may not be the best time to buy Provo real estate. If you have a stable Provo job and plan to live in the Salt Lake City area for a while, home ownership could be a great investment. You have to pay to live somewhere, don’t you?
If you are currently renting, you may want to look at the many beautiful starter homes in affordable Provo neighborhoods. Home buying can be a complicated and intimidating process for first-time Provo home buyers. I have guided many Provo people in choosing a property, making an offer, negotiating the price, and completing the closing process.
My name is Chris Johnson. I am an experienced buyer’s agent in Provo. If you would like to look at some affordable Salt Lake City properties, call or text me today.