Single Women Home Buying Trends
Single Women Home Buying Trends- Approximately it is estimated that 18% of home buyers in the US are single women compared with single men of 7% by the National Association of Realtors.
Women are rising dominant in all the fields be it technical, arts, business and are not sticking to only pink-collar jobs like nursing, teaching, social work, and human resources.
Women are into business at a high rate and are growing tremendously than men.
Single woman entrepreneurs want a place to call their own for their personal and professional lives.
Here is what every single women house-buyers need to know: –
Firstly, Take Pride!
- Anticipate Future Needs When Buying a Home
Women needs to think twice before she takes a decision specially if it’s a house, as they are under pressure to figure out their lives at a younger age. Since there are lot of factors and constraints revolving around the womanhood, anticipating the future needs when buying a home is a necessity. Every woman needs to be self employed and independent to survive in the society she lives in and one important factor that can add value is owning an asset. Asset can be of any form but if it’s a house that a woman can own it would be the most motivational factor she can have. It would develop the confidence in her and lead to a successful single woman life.
- Be Conservative: Don’t Buy a Too-Big House
Woman should keep in mind her financial status and her affordability conditions since being a single woman, decisions should be taken carefully as several factors can influence. Factors like banks and realtors are the ultimate culprits who would guide you to take loans which are beyond your limit but would put it forward in a way which will look affordable to you.
Never get flattered with the misleading amount mentioned by them as the target amount. They can make your money go potentially sharply lower the costs of borrowing if you can put down a larger down payment. Hence, make the right choice of owning a house which is best & affordable.
- Plug Your Financial Leaks before You Buy
Shop for the lowest is the only way to get a positive outcome for a single woman with financial constraints. Analyzing and researching trends in market would be of great use to move forward with a clear insight. Big decisions taken for the first time should be slow and steady without any rush. Do not take suggestions of realtors at first go itself have a co-purchaser like a parent who can help you for a less cost loan. Pay off all your debts or credit cards in order to reduce your burden ahead. These ways can help you with deciding the right path handle the new roof and the other storms of homeownership.
- Find a Realtor and a Neighborhood You Can Trust
Find a trustable realtor after proper and clear research and you will find an agent with experience helping single women buyers, which is a growing specialty in real estate offices. Family friend would give you several ideas and suggestions so take all the advices an narrow down the you feel is the best.
Here are some of the things you should learn:
- Develop a relationship with the neighborhood of the area your planning to buy the house. Get the vibe of that area by visiting at different hours in a day.
- Check for any crime incidents around that area and city to make sure it’s a safe place to move in.
- Consider having a trusted person with you be it family or friends on the house hunt. Since, it’s the most emotional and confusing decision in one’s life having someone beside you through out the journey can lead you to the right path.