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 Milford, CT

Latitude: 41.218697 -- Longitude: -73.05955

Other Area Cities: Fairfield New Haven Orange Stratford Trumbull Woodbridge Shelton Milford Ansonia West Haven

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Milford is a city in New Haven County, Connecticut, United States. The population was 50,594 at the 2000 census. The city contains the Borough of Woodmont (a separate incorporated place within the city). The current mayor of Milford is James L. Richetelli, Jr. The city has grown noticeably over the years, including rapid revitalization of the downtown and retail growth along Route 1, and today Milford faces the typical modern issue of deciding how much land to develop and how much to keep natural, especially in light of the city's location at the mouth of the Housatonic River. Laws favoring the preservation and restoration of older homes have helped maintain a traditional New England town ambience. -- Source: Wikipedia.com

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