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.

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Re-Blogged 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
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Show All Comments
Rainmaker
322,719
Tom Burris
NMLS# 335055 - Dallas, TX
Texas Mortgage Dallas Mortgage FHA

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

 

$8,000?

April 07, 2009 01:41 PM #1
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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 #2
Rainmaker
70,403
John Jones
Texas Urban Living Real Estate - Dallas, TX

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 #3
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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

April 07, 2009 03:49 PM #4
Rainmaker
950,902
Greg Nino
RE/MAX Compass, formerly RE/MAX WHP - Houston, TX
Houston, Texas

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

April 07, 2009 03:54 PM #5
Rainmaker
263,405
Kim Daugherty
www.RealFamilyRealEstate.com - McKinney, TX
d + b real estate, McKinney, TX REALTOR Broker/Owner

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

April 07, 2009 04:10 PM #6
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

Greg, Thank you very much!

Kim, That is definitely another point.

April 07, 2009 06:01 PM #7
Ambassador
1,532,135
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

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 #8
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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

April 07, 2009 07:34 PM #9
Ambassador
2,373,373
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

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 #10
Rainmaker
407,478
Terry Miller
Miller Homes Group - Tyler, TX
Miller Homes Group and Tyler Apartment Locator

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

April 08, 2009 09:20 AM #11
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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 #12
Rainmaker
398,592
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

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

April 08, 2009 10:21 PM #13
Rainmaker
270,631
Matt Stigliano
Kimberly Howell Properties (210) 646-HOME - San Antonio, TX

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 #14
Rainmaker
412,188
Mesa, Arizona Real Estate Mesa Arizona Realtor
Teri Ellis at Homes Arizona Real Estate LLC - Mesa, AZ

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 #15
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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 #16
Rainmaker
225,908
Susan Jackson
America's Network Realty Group, Inc - Sandy Springs, GA

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 #17
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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

April 13, 2009 09:40 PM #18
Rainer
7,588
aaa aaaaa
Plano, TX

 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 #19
Rainmaker
1,369,329
Donna Harris
Regent Property Group - Austin, TX
Realtor, CDPE & ASP - Hill Country Lakeway Austin

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 #20
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Rainmaker
1,369,329

Donna Harris

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