Here are some thoughts to consider when looking to purchase a home:  If you purchase a home, how long do you expect to live there?  What can you afford to pay each month for housing-related expenses? What are the total costs of home ownership?  This may include mortgage payments, property taxes, homeowner's insurance, utilities, maintenance costs, any other special fees? 

Do you expect these housing-related expenses to increase or decrease?  What additional expenses are required to complete a purchase?(closing costs, moving expenses, etc.)  Are local market prices favorable to purchasing?  Do you qualify for any special purchasing assistance programs that can help reduce the cost of home ownership?  How does renting vs. buying factor into your long-term investing goals?  What are your personal preferences regarding the type of housing you wish to live in?  How does location factor into your housing preferences?  How do you expect your personal situation to change in terms of future housing needs?  What are your expectations concerning future employment?  And finally, what are your long-term personal and financial goals, with regard to housing?

If you would like to discuss any or all of this; give me a call.