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Here’s One Critical Question Every Home Buyer Should Ask

Realistically speaking, how long do you plan on living in the home you’re hoping to purchase?

More times than not, my clients tell me they’re planning to live in their home forever. However, most real estate professionals I’ve spoken to on this topic suggest that the typical family’s home needs change approximately every five to seven years. This statistic might surprise you—it certainly surprised me!

But it brings to light a highly critical point:

If you are reasonably certain you’ll be in your home less than 10 years, we ought to look at a wider range of mortgage program options. For example, we may want to compare the costs between a 10-year adjustable rate mortgage (ARM) and the tried-and-true 30-year fixed mortgage.

Of course, this analysis requires us to balance risk with reward—and turn over a few extra stones. But if you’d do both of us a big favor, I’d like to ask that you give this question considerable thought as you continue down the path of home ownership.


As always, thanks for allowing me the opportunity to serve you. Please don’t hesitate to reply to this email if you have any questions or if I can be of any help.