Are You Afraid Of the Grass Being Greener On The Other Side?

November 20, 2008

“But what if mortgage rates drop next month…”, “I’d hate to pay too much for a home”, “I want to buy at the absolute bottom of the market…not a penny more!” “What if I buy now and then price go down again – I’ll be upside down within a few months!”

It’s human nature to want the best deal – the nicest house for your money – the lowest possible interest rate. But while caution may be good in choosing which stocks have good investment potential, many people lose sight of the fact that the primary reason for buying a home is to provide shelter for you and your family. Yes, I know that many have speculated in real estate over the last few years and cashed in on the escalating home prices. But those days are not these days.

Today your main motivation should be to find the best fit for your budget and your family. Does it really matter whether you pay 5% or 4% for a mortgage if you find a home that fits nicely into your conservative financial plan? Isn’t it more important to have a space for your daughter to practice the piano away from the noisy den than to have a cheap house with a floor plan that’s all wrong? Or wouldn’t you enjoy a beautiful shade tree in the back yard where you can hang a hammock more than a great deal on a home right next to a busy road?

Yes, there will be buyers who will buy at the lowest prices of the century and get a low mortgage too. But will they have the luxury of picking out a home that fits their needs, that nurtures their soul? Will they find a home that makes them go “Aaaaaah!” at the end of the day as they walk through the front door? Or will they merely use the space as a functional place to lay their head.

If you look to what makes a house a home, you’ll find that the grass is just as green, if not greener in a home chosen for love rather than money!

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Local Information for Newport News, VA

Latitude: 37.071046 -- Longitude: -76.484557

Other Area Cities: Newport News Hampton Poquoson

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Newport News is an independent city in Virginia. It is on the southeastern end of the Virginia Peninsula, on the north shore of the James River extending to its mouth at Hampton Roads. The name of Newport News has long been a puzzle to those curious about the origin of place names. First settled in the early 17th century, it was an unincorporated town without formal boundaries in Warwick County for over 250 years, until 1896. In 1900, 19,635 people lived in Newport News, Virginia; in 1910, 20,205; in 1920, 35,596; and in 1940, 37,067. However, the city consolidated with the former Warwick County by mututal consent in 1958, becoming Virginia's third largest in city population. As of the 2000 census, the city population was 180,150. A more recent 2005 estimate indicates the city's population has grown to 195,347. In modern times, it is one of Virginia's larger cities. -- Source: Wikipedia.com

Virginia 2000 Census Population Profile Map

	Newport News	Virginia	United States
Population	180,150	7,078,515	281,421,906
Median age	32	35.7	35.3
Median age for Male	30.4	34.5	34
Median age for Female	33.5	36.8	36.5
Households	69,686	2,699,173	105,480,101
Household population	174,317	6,847,117	273,643,273
Average household size	2.5	2.54	2.59
Families	46,358	1,847,796	71,787,347
Average family size	3.04	3.04	3.14
Housing units	74,117	2,904,192	115,904,641
Occupied units	69,686	2,699,173	105,480,101
Vacant units	4,431	205,019	10,424,540

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