Why Does a First Time Home Owner Buy a House?

By
Real Estate Agent with Regent Property Group 0480809

What makes that first time home owner finally take the leap to buy a house?  Is it the responsibility of the maintenance?  Is it wanting to plant their own flowers in their own garden?  Is it because they want to buy a lawn mower and sweat in the heat of mowing every weekend?

There are many reasons why someone takes that leap, and below is a list of some common triggers that I often hear that helps them make their important decision.

  • Writing the rent check month after month- Instead of paying your own mortgage, you realize you're paying someone else's mortgage in addition to putting some extra into your landlord's pocket.
  • Running from you Car in the Rain- Your apartment complex doesn't have covered parking so every time it rains, you sit in your car gathering everything up in your arms so you can take that mad dash out of the rain... and then you drop your books in a puddle.
  • Tired of Walking up Three Flights of Stairs- Everytime you need to take the trash out or check your mail, you have to make the long trip up and down three flights of stairs, and you're just wishing you had curbside trash pickup and your mailbox was in front of your house.
  • You're Tired of the drab Walls- You want to paint the walls something that matches your personality, but you can't afford to lose your security deposit if the landlord doesn't agree with the choice.
  • Landlord not Returning Calls- Your toilet is overflowing or the AC is broken on the hottest day of the summer, and you can't get your landlord to return your calls to let you know how to go about fixing things. If you get things fixed without approval, you might be out extra money if it costs too much.

Are you renting and not sure if you're ready to make that leap?  Have the above things happened to you that have made you stop and think about your situation?  Give me a call or shoot me an email and let me know how I can help make you comfortable about buying and getting out of the renting cycle.  Together, we can find the missing piece you're looking for to make the leap.

**Are You Packed Yet?**

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com

Austin, TX and the surrounding areas of Lakeway, Bee Cave, Westlake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Whether you're buying or selling, I'll be with you through the entire process.

close

Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Annette Thompson 04/07/2009 05:51 PM
  2. John Cannata 04/08/2009 10:22 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
Texas Travis County Austin
Groups:
Austin Metro Area
Build a Better Blog
Realtors®
RE/MAX Active Rain Bloggers
All Thing's Texas
Tags:
austin tx homes
austin tx real estate
lakeway tx
bee cave tx
problogger
buying incentive
buying real estate
renting

Comments 20 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
321,794
Tom Burris
Texas Mortgage Dallas Mortgage FHA
NMLS# 335055

What makes that first time home owner finally take the leap to buy a house? 

 

$8,000?

April 07, 2009 01:41 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

Tom, You do have a point, however, they don't get that money until AFTER they buy, though many people think they can get it before they buy and use it as a down payment.

April 07, 2009 02:35 PM
Rainmaker
70,078
John Jones
Texas Urban Living Real Estate

lol yea many of them do think that.  but many people are getting loans from their parents and/or other family members for $8000 with the understanding that they're going to pay the money back next year.  since FHA will now allow loans from family members for down payment, that might be another selling point.

April 07, 2009 03:40 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

John, They were always getting "loans" anyway, and FHA just had to accept it!

April 07, 2009 03:49 PM
Rainmaker
949,441
Greg Nino
Houston, Texas
RE/MAX Compass, formerly RE/MAX WHP

Excellent post Donna Harris. Great way to get folks thinking. ;)

April 07, 2009 03:54 PM
Rainmaker
263,280
Kim Daugherty
d + b real estate, McKinney, TX REALTOR Broker/Owner
www.RealFamilyRealEstate.com

OOH, Tom has a great point! Plus, they can't deduct the rent check on their taxes!

April 07, 2009 04:10 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

Greg, Thank you very much!

Kim, That is definitely another point.

April 07, 2009 06:01 PM
Ambassador
1,529,451
Gary Woltal
Assoc. Broker Realtor SFR Dallas Ft. Worth
Keller Williams Realty

Donna, the getting rid of the landlord reason is a BIG one for sure. Great list. PLUS, it is YOUR house.

April 07, 2009 06:04 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

Gary, It sure is!  Those checks every month provide no tax advantage whatsoever!

April 07, 2009 07:34 PM
Ambassador
2,365,169
Patricia Kennedy
For Your Home in the Capital
Evers & Company Real Estate, Inc.

Donna, these are all excellent reasons to buy a place!  And you didn't even get to tax breaks!

April 07, 2009 08:14 PM
Rainmaker
407,153
Terry Miller
Miller Homes Group and Tyler Apartment Locator
Miller Homes Group

Great post as always. All good reasons, that of course I will steal. Thanks

April 08, 2009 09:20 AM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

Pat, Thanks!  And I didn't mention tax breaks, because that's not a "trigger", it's a bonus once they buy a house.

Terry, Not a problem, just put my name to everything!  ;)

April 08, 2009 09:21 PM
Rainmaker
398,592
John Cannata
Texas Home Mortgage - Purchase or Refinance
214-728-0449 http://TexasLoanGuy.com

Good points Donna.  I am going to have to share this with others.

April 08, 2009 10:21 PM
Rainmaker
270,631
Matt Stigliano
Kimberly Howell Properties (210) 646-HOME

Donna - I love this post.  It covers the real reasons people get fed up with the rental and move to ownership.  "Running from your car in the rain?"  That's why people buy houses.

April 09, 2009 08:27 PM
Rainmaker
412,187
Mesa, Arizona Real Estate Mesa Arizona Realtor
Teri Ellis at Homes Arizona Real Estate LLC

Donna, this is great. I would imagine most of us relate to running to our apartment in the rain. Good job!

 

April 10, 2009 04:38 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

John, Be my guest!

Matt, Thanks!

Teri, Yes, those were the worst days, especially with groceries and multiple trips.

April 10, 2009 09:42 PM
Rainmaker
225,483
Susan Jackson
America's Network Realty Group, Inc

Donna, 

This is a great piece.   a lot of people get tired of those same old apartment colors, and want to paint their home colors they like.

Thanks for your points

April 13, 2009 08:55 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

Susan, Thank you, and yes, the drab colors can make anyone go a little nuts at times!

April 13, 2009 09:40 PM
Rainer
7,588
aaa aaaaa

 How about the lowest interest rates in years. . You have good points. I just moved to Texas . i am enjoying everyday. Real Estate is very active in Texas

April 27, 2009 05:58 PM
Rainmaker
1,368,716
Donna Harris
Realtor, CDPE & ASP - Hill Country Lakeway Austin
Regent Property Group

Rafeeq, I believe the interest rates are a benefit of buying.  It's not something that triggers someone to want to buy right here and now.  It's definitely a perk as well as the tax write offs of that rate.

April 28, 2009 12:49 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,368,716

Donna Harris

Realtor, CDPE & ASP - Hill Country Lakeway Austin
Are you Packed for Austin? I can help!!
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the envelope to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

This blog is to help educate Buyers, Sellers and even other Realtors across the country.  Each market is different and the way Real Estate is done is different.  Austin Real Estate is completely different than Dallas, California and Florida and everywhere else in between.  Some times there will be other things besides real estate as I like to rant and rave as much as the next!!  Come back often!

Donna Harris, REALTOR® with RE/MAX
\"Donna
Promote Your Page Too

\"Homes

\"Texas
\"blogarama" style="overflow:hidden;" seamless scrolling="no" id="custom-widget-content" onload="resizeIframe()">Your browser does not support iframe.