I want to buy a place before I am totally priced out of the city ? HELP ..

Hmmm we hear this a lot lately, the unfortunate part is that many people are feeling this way, or perhaps it’s not so unfortunate. Let’s look at the cup being half full…what if it’s a major wake up call ! STOP PAYING RENT !!! Think of BUYING instead.

So where do you begin, for starters decide on where you want to live please be sure to pick 3 areas that are of interest that you can explore. Then contact a mortgage professional and please by all means have him/her do what needs to be done, get you pre approved so you know your buying power. Then once you got that you may need to re-vamp the “where” you wanna live part. It’s a huge reality check but there are so so many options today that did not exist yesteryear .. so get with it.

There are financing options as great as 5% down 10 % down and even FHA at 3.5% down.

Just think, hmm  if the city is climbing at this rate for the next 10 years even the burbs will be un-affordable – Eagads where to then ??? UPSTATE ? If only we had reliable high speed trains ! Right.. well we don’t and even if they start today the Real Estate market will surpass the end date. SAVE your MONEY !! Every chance you get, and eat in once in a while, buy 2 pairs of shoes not 7 and walk your own dog, I know I know its so chic to have a doggie walker but really, when your landlord decides to sell then what ? OMG gotta move and who knows when that happens – good time for you or bad time. Don’t get caught in that scenario, have seen many pushed out and rents are also climbing.

Well we can’t predict the future but you can for sure prepare for it NOW. So when looking around and thinking, scratching your head in wonder pick up the phone and get pre qualified, you do a great job paying rent on time, I am sure you can apply the same principals and stay committed to yourself and if it means living in Queens, Brooklyn, The up and coming Bronx so be it , you are still in the city and you know what you  will be thankful for it in the years ahead .. so go for it start the process before it is too late.