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B R I T T A N Y P E T R O N E K
P E T R O N E K P R O P E R T I E S R E A L E S T A T E & I N V E S T M E N T
C O L D W E L L B A N K E R
Should you keep renting or buy a home?
I don't have any savings or access to a lump sum.
Because you don't have any savings or access to a lump sum, we recommend you do not purchase a home at this time.
While there are an increasing number of zero down payment programs, you will also fact Closing Costs and many other one-time expenses as a homeowner. Insufficient savings may not prevent you from buying a home but it is a strong indication that you may not be prepared for the ongoing financial requirements of homeownership.
If you want to be able to buy a home in the future, we suggest that you start an aggressive savings plan. If you have a plan and stick to it, you'll be surprised at how quickly your savings can add up!
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