Coco, Early Associates/Salem

Planning For Major Purchases

by Marion White 06/16/2019

Planning significant purchases like your first new car or home are big steps in life. While the purchase itself is a thrill ride, lack of planning may end up in buyer's remorse. To avoid such a pitfall, you need to impart a few guidelines around those larger purchases to protect yourself from disappointment or frustration later. Taking stock of your financial goals and your current situation can clear the way to confidence when shopping for your dream car, home, or other major purchases.

Plan, plan, plan

Having a written spending plan you can use to guide your decisions gives you a snapshot of where you are. Laying out a six to 12-month program for your income and expenses will allow you to determine when you shop, or even make an offer on something. Remember that a plan is only as good as the information you have, so make sure you keep all aspects of your financial life up to date. This upkeep includes retirement accounts, debts, interest rates on those debts, any fluctuation in income, and any changes in your cost-of-living expenses (rent, insurance rates or gas prices). Any of these things have the potential to delay or accelerate your purchase. When you are elevating larger purchases, remember the monthly payment is not the only expense associated with the purchase.

The big picture for housing expenses

When purchasing a home, that may be a bit more complicated. You will need to ask for information from those in the real estate and mortgage industry to get the information you need to see the big picture. Again, the monthly payment is not the only thing you will pay each monthly, especially if you are a renter. Knowing what expenses you will be taking on is essential. Besides the money you will need to purchase a home initially, there are other increases to your monthly expenses as a homeowner. Homeowner's insurance is more expensive than renter's insurance, so make sure your spending plan adjusts accordingly. You will want to think about your commute to work if you have one and budget more for gas if your trip to work will be longer from your new address. Sometimes the utility costs will be lower especially if you are buying an energy efficient or more modern home.

Home buying, when you have processed all the information and are confident financially, is an exciting adventure.

About the Author
Author

Marion White

As a full-time and results-driven REALTOR, with high expectations for myself, I am committed to helping you buy or sell a home.  I thrive on goals, challenges and results.  My effort, determination and commitment will remain steadfast throughout the process.  I have 21 years of Residential Real Estate experience.  I have been a resident of Plaistow, NH for 43 years with 2 Children and 3 Grand Children, I enjoy the game of Golf as a player and spectator as well as Football and Baseball.  I carry a multi-faced background and professional approach to Real Estate.  My professional affiliations include:

     *New Hampshire Association of Realtors

     *Granite State South Board of Realtors

     *Northern New England Real Estate Network (NH MLS)

     *Massachusetts Property Information Network (MA MLS)

     *Showcase of Homes on Realtor.com

Welcome to your resource for your southern New Hampshire, Rockingham County and Essex County Massachusetts real estate needs! If you are seeking a licensed REALTOR® that provides professional representation and a high caliber of service, I specialize in providing customers/clients with personalized service in finding both a home and a community that meets their needs. Whether you are a first-time Home Buyer, Relocating or Purchasing or Selling, I welcome working with you!  That means finding the exact home you're looking for, or selling your home promptly and for the best price. It means not having to worry, even if you're new to the real estate arena, or if you're moving thousands of miles away.

You need an experienced professional. I will put my knowledge and experience to work to help you make your move pleasant one. Make your choice wisely. The agent you choose will help you make many important decisions. No one will work harder or more professionally.  Effective at communicating, marketing, negotiating and selling real estate for clients,  As a full-time REALTOR®, and long-standing resident of New Hampshire, I am committed to achieving your real estate objectives and goals with the highest professional standards. I take great responsibility in the your most important financial investment with me 

With 17 years of Residential Real Estate experience I believe in keeping my clients well-informed throughout the real estate transaction, in order to allow you to make informed and educated decisions. I make myself available to my clients by phone, e-mail and text, all calls or correspondence are returned promptly.

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Marion J.White,  Licensed REALTOR® New Hampshire & Massachusetts, Coco, Early & Associates 

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