Boca Mortgage Blog

How New Homebuyers Can Learn From The Past

July 16th, 2014 4:23 PM by Leonard Silvestri


 For younger people, buying a home is usually a goal to aspire to, something that is on a list of accomplishments that will be checked off at a later date. That goal may be further away for some young people due to the state of the economy, and lending practices have changed a lot in the last ten years. What can young people learn from real estate trends of the past? This article from Forbes explores that question and gives alternatives for prospective buyers.

8. Don’t expect the market to bail you out. That means no overpaying for a house you can’t really afford in hopes of market appreciation making up the difference. 9. Less is more. A smaller, practical, easy-to-maintain house is the new, big, rambling mansion. 10.Stay on top of your credit, and shoot for an excellent score (above 750).

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Posted by Leonard Silvestri on July 16th, 2014 4:23 PM


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