Distinctive Pasadena
Area Real Estate

BUYING A HOME: IT’S A BIG DECISION

Contemplating purchasing a South Pasadena home, or a residence in any of the other San Gabriel communities, for that matter, is a serious task requiring time, research, self-reflection, and emotional energy. Buying a home might even be the biggest financial decision you will ever make. So, if this is your first foray into purchasing property, or if you are an experienced buyer, the decision must be made carefully.The following information is meant as a primer. It will likely bring up questions and concerns as you read through it. Lin Vlacich recommends jotting them down, then giving her a call to arrange an in-depth discussion. Begin by asking yourself two questions:

  1. Why Do I Want to Buy?
    Although this might seem like a very basic query, it deserves serious thought. Maybe you’re just tired of paying a landlord and would rather put that monthly amount into equity on your own home. Or, perhaps you’ve outgrown your current residence due to an expanding family or enhanced lifestyle. Are you thinking it might be time to start an investment portfolio? Changing neighborhoods or communities is a common reason for buying a home in South Pasadena. Whatever your reason or reasons for considering a move, it’s important to arrive at a clear understanding. Therefore, it’s always a good idea to actually make a list of reasons, prioritize them, then verify that your primary motivation is valid.
  1. Has My Income Grown?
    If your answer is “Yes,” and if your increased income is sustainable and has the potential for further growth, then now might be a good time to consider purchasing your dream home, or a rental or turnaround property. After all, property ownership can be an excellent investment, and is one of the least risky ways to realize greater future return on that investment.