Single Ladies Blog

All My Single Ladies!

In 2017 alone, 60% of women millennial buyers were single! Buying a home seems to come with the idea that it’s the step AFTER you get married and have a family – but that simply isn’t true! Not only is home buying an incredible investment, but it also provides stability. If you’re worried that a home is too much of a commitment, while you still enjoy traveling around the world, having a great Realtor on your side can help ensure you aren’t tied down by a home.

No one ever said your net worth is a burden. Build your net worth by owning your own dream house and recoup your investment when the day comes to sell. If you’re paying the same amount on rent as you could on a mortgage payment, doesn’t it make sense to put that monthly amount into a home you could actually get the money back on? Of course it does! Since I know you’re a smart woman, give me a call! It’s time to invest in yourself and your future.

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Don’t Fall In Love With A House Before You Are Ready To Fully Commit

Finding the house of your dreams might seem pretty easy.

You know what you want and like. You feel like you will know the perfect house when you see it. The minute you find “the one”, it will be love at first sight. It will just feel right like it was meant to be.

Kind of like the notion of finding your soulmate.

Back in the day, finding your ideal house or soulmate was a lot trickier. Until…the Internet.

Nowadays, there are tons of websites for people to find the love of their life…and just as many to help people find the home of their dream.

The Internet has made it easier to find “the one”…in love, and housing.

But just because it is easier for you to find your soulmate or your “soul-house”, doesn’t mean you are in any position to do something about it.

Fate can only take you so far. Reality has to be dealt with…

Your “relationship” status in terms of housing has to be considered.

Are you “married”?

Let’s say you are married…

All of a sudden, you stumble into your someone who you feel is your soulmate somewhere. Could be at work, online, at a bar, at the gym. Doesn’t really matter.

Let’s put all debate about “right” or “wrong” aside… You decide to ditch your significant other, and follow the passionate path, and marry this new man or woman.

You’re going to have to deal with your marriage. You can’t ignore it. It is an issue. You can’t still be married, and actually, marry your newly found soulmate. You could fool around. You could have an affair. But you aren’t getting married without ending the marriage you already have.

It’s kind of the same thing if you find the house of your dreams…

If you already own a house, it’s like being married. Most people don’t have the ability to buy another house, without selling the house they already own.

So, what do you do?

Should you sell the house you already own first, and just hope your dream house appears once your house is sold?

Or do you keep your eyes open for your dream house, find it, fall in love, and then scurry to get your house sold as quickly as possible before your dream home gets scooped up by someone else?

There is no easy solution to this.

Are you seriously “dating”?

There is a lot more to ending a marriage than there is when you are simply dating someone.

So, if you are dating someone, and you fall head over heels for someone else, you can end things a little more quickly and easily. But, of course, there will most likely be some headaches and heartaches to deal with.

Renting is like dating.

If you are renting a house or an apartment, and you come across the house of your dreams, you are probably not going to find it is the perfect timing. Maybe you will have to try and end your lease early. Or maybe you will have to continue paying your rent until the lease ends.

But these are not huge issues in the grand scheme of things. You are in a better position to go after the house of your dreams, than someone who is married to a house they already own.

Are you “single”?

A lot of people look at being single as undesirable. Even more so if you are living at home still with your parents.

Let’s face it, if you’re looking for your soulmate, you probably don’t want to fess up to living in your childhood bedroom, or your parent’s basement. It doesn’t sound all that impressive or intriguing.

(Whatever…if someone is truly a soulmate, they should be totally cool with you being a cellar dweller!)

Not owning a home, or even renting your own place is like being single.

As unimpressive as this scenario sounds to some people, this is the best scenario to be able to act upon finding your dream home. You have nothing to sell, and no lease to worry about. This is as good and easy as it gets.

Did you get “divorced”?

Things happen in life. Life throws curveballs. People grow apart. People make mistakes. People split up. People hurt each other. And people who go through a breakup often have “emotional baggage”.

Plenty of people end up getting “divorced” from their own home…

Having a short sale, or a foreclosure in your past is like having gotten divorced.

This doesn’t mean you are unworthy of finding and getting your dream home. But it might affect you being able to get it. It depends on a lot of factors.

Get some pre-“marriage” counseling.

Most people do not really consider their current housing “relationship” when they start looking for their dream home.

It usually starts off as some wishful thinking. Maybe browsing a few websites…just seeing what’s out there. Then it progresses to flirting with possibilities, perhaps.

Before you know it, there you are…in love with the house of your dreams. So, you call a real estate agent who “introduces” you to the house in-person.

Sure enough, it’s “the one”!

Maybe you’re in a position to jump on the chance to follow your heart…

But, unless you’re “single”, most likely you are not. And it is absolutely heartbreaking. You aren’t ready for the new relationship. You need to deal with the one you already have.

The best way to avoid any heartache is to put yourself in the best possible position to grab your dream home when you find it.

This doesn’t mean you need to be absolutely “single” before you start looking for your dream home. But you do need to have a plan in place as to how you will transition from your current housing relationship, into one with the home of your dreams.

There is no one solution or even an easy solution.

The best solution is to call a real estate agent before you start your search.

Let your agent put on his or her “marriage counseling” hat, and advise you on the best way to plan for and make the transition from your current housing relationship to one of your dreams.

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When Is The Best Time Of Year To Buy A Home?

One question that pops up constantly from both first-time and seasoned homeowners alike is “When is the best time of year to buy a home?” Potential homeowners want to know the best time of year to get the best home for the lowest price – and ideally, at a time that makes sense for their life.

It would be great if there were a simple and straightforward answer, like “the best time of year to purchase a home is between April 1 and April 7.” But unfortunately, it’s not that simple.

Let’s take a look at the factors that play into answering the question “when is the best time of year to buy a home?”

Convenience

The first factor to consider when buying a home is convenience. This is particularly important if you have a family.

If you have school-aged children, you ideally want to move in between school years, so sometime between May and August. Pulling a child out of school in the middle of the year can be challenging, and children might have a hard time to adjusting to a new school in the middle of the year.

However, because so many potential homeowners have families that want to move during this time period, it drives up the prices, making the summer the most expensive time a year to buy a home.

So, if your main concern is convenience for your family, then summer is a good time to buy – just be prepared to pay a higher price than you would at other times of year.

Inventory

If your top priority is having a lot of houses to choose from, you’ll want to buy a house during the time of year when the most homes are on the market. That way, you’ll have your pick of multiple properties and are much more likely to find a home that has all the items on your wish list.

In most areas, the highest inventory peaks in the spring, right before the end of the school year. Inventory stays high throughout the summer and then starts to fall in early autumn, with the lowest inventory happening in late autumn and winter.

If you want a variety of homes to choose from, look to buy in the spring.

Price

If your main goal is to get an amazing home at a low price, the best time of year to buy is when competition is low. When there aren’t as many people looking to buy, it drives down the prices of homes, and you can purchase property at a significantly lower rate. On average, homes cost 8.45% less in January and February than they do in June, July, and August.

If you were looking at purchasing a $500,000 property, that would bring the price down $42,250 for a sale price of $457,750. That kind of price drop could save you a significant amount of money over the course of your mortgage and lower your monthly payments.

If you’re looking to get the most house for your money, purchasing a home in the winter is definitely your best bet.

The best time of year to buy a home is largely dependent on your needs and priorities. If you’re looking to buy at a time that’s most convenient for your family (and in particular, your children), buying during the summer is a great option. If you want to see as many homes as possible in order to find a property that has everything you’re looking for in a home, you’ll want to buy a home in the spring, when inventory is at its highest. And if your bottom line is you want to pay the lowest price possible, purchasing a home in the winter, when prices are significantly lower, will be the most advantageous.

Just keep in mind that finding and purchasing a home takes time; while it happens, the chances of finding a property during the first week of looking for a home are slim. On average, people spend 30 – 60 days looking for a home and another 14 – 60 days from contract to close, so make sure to give yourself plenty of lead time to take advantage of the time of year that’s best for YOU to purchase.

I’ve created a free guide to help my clients properly prepare for purchasing a home. If you’re thinking about buying a home in the near future (or ever…), grab a copy! The Ultimate Home Buyer’s Guide