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How to Know You're Ready to Stop Renting and Ready to Buy a House

Renting offers a lot of flexibility - you can move mostly whenever you want, and you don’t have to carry around a mortgage payment. However, many people who rent look forward to eventually buying a home. Do you think you are ready to settle down and purchase a home? Here are a few reasons why you might be ready to become a homeowner. If you find that some or all of these reasons resonate with you, it is probably time to start talking to a Waltham Real Estate Agent so that you can start looking for your dream Waltham home! 


1. Your rent keeps increasing

In many areas of the country, rent continues to rise every year. It can be extremely frustrating to have your rent increase each year because it’s not guaranteed that your pay increases as well, leading you to not be able to accurately plan your finances and save as much money. Waltham Realtors suggest if you’re tired of your rent constantly increasing it might be time for you to start searching for a home. 

2. Interest rates are incredibly attractive

One reason many people decide to stop renting and to buy a home is when money is cheap. When interest rates and mortgages are in your price range, you sometimes cannot give up the opportunity you have right in front of you! Waltham Realtors know first-hand that interest rates don’t stay low forever, so if they’re low and it makes sense for you then it might be time to buy that Waltham home you have been dying for!  

3. You manage debt well

How you manage your debt is especially important when it comes time to buy a home. Lenders take a close look at the amount of debt you have and how you manage it. Waltham Real Estate Agents recommend paying down your credit cards before you start the process of searching for a home. You don’t have to pay them off fully but consider paying them down enough so that you can appeal to lenders. 

4. You just got married 

One of the most common reasons people go from renting to buying is when a significant life change happens, like getting married. When two people settle down together, they are usually ready to take the next step and purchase a home. 

5. You need room to grow a family

Having more room and storage space is a huge reason for purchasing a home. If people do not purchase a home when they get married, it’s usually once they start to have children and grow a family. Purchasing a home for your family can offer many benefits. You’ll have more rooms and storage as well as a backyard for your kids to play in. Waltham, MA has some beautiful homes with all the right amenities for young families and Waltham Realtors are here to help you find the perfect home! 


Contact a Waltham Real Estate Agent 

As mentioned above, Waltham is a great place to buy your first home. Waltham, MA offers great neighborhoods, convenient commuter access, tasty restaurants, nearby attractions, and more. If you’re ready to make the move from renting to buying in Waltham, MA contact a Waltham Real Estate Agent. They will be sure to walk you through every step of the process so that you’re comfortable every step of the way.

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