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Let all of your Real Estate needs begin with Quinn!

Buy a home, not an investment

Unless you are a professional investor, don't buy a house as an investment; instead, buy a home.  You are going to live in this house for several years, and you don't want to sacrifice location, neighborhood, school district, and safety just to get the deal of a life-time.  Often times, a home that is in a great neighborhood will also appreciate more over time since the location is selling it in the first place, so your property becomes a great investment.  Investments can also drain you of your money if you are not ready for them.  They often require updating, remodeling, and sometimes completely gutting and re-doing.  What sometimes looks like a great investment can turn into a money pit.

Don't try to time the market.

There will be no way to know the market has hit bottom until it has started to go back up and everyone agrees on this.  During the time you are thinking about getting a great deal you are missing interest rates that are historically low, motivated sellers, and an abundance of inventory.  Plus, you will have to stay in the rental you probably don't like that much.  Inventory is dropping dramatically, and homes are selling well in Northwest Arkansas.  Depending on the area, you may not even be in a slow market.

Use an experienced full time Realtor

Buying or selling a home is a huge investment.  Do you want a part-time Realtor negotiating on your behalf?  Even a friend may not have what it takes to find the home for you.  As a full time Realtor, I spend my days learning as much about the market as possible.  I make countless contacts with people wanting to buy or sell real estate.  I spend time talking with other Realtors to establish relationships that will help my clients I work with.  A Realtor should be a professional like a doctor--if you had an illness, would you go to your friend who is a doctor and has never heard of this illness, or would you go to the doctor who specializes in this particular illness?