For decades, the rationale on housing was to buy the biggest house you could afford. The advice I give my clients is to avoid purchasing beyond their means especially by anticipating a promotion, lottery winnings, or inheritance that often doesn’t come. I help guide them to think about what their needs are in the next 5 or even 10 years. Home ownership is a long-term plan.
Thanks to Gloria Matthews, CRS, for another great tip. Gloria is a broker/owner at Principal Property Brokers in Vancouver, Washington. Gloria has been a CRS since 2013.