Being single doesn’t come with the same social baggage it once did. The pressure to “find that perfect someone” has diminished, which has created a huge market for sole-person households. Freddie Mac research shows that almost 30% of all households are one person. If you fall into that category, here are a few Ali Safavi Real Estate Tips for buying a home.
Get That Credit
In order to qualify for a loan from a bank they are going to look at your personal finances and credit score. Make sure you know what your score is first! This is not the time for surprises. If it’s not great, it may be a good idea to wait. Give yourself some time to improve.
Consider Your Future
Perhaps you are single and loving it. Great! Celebrate your independence! But, is there part of you that wants a family in the not-so-distant future? If so, you may want to consider that when looking for your first home. Work and pets are also considerations. How far are you from your current or potential jobs? Is there a yard for your future dog? The home doesn’t have to check all these boxes, but it’s just a good idea to at least consider these questions so you’re not left disappointed a year or two down the line.
Explore Down Payment Options
There are more options for down payments than people often think. Do your research! Talk to. Experts. Make a decision that makes financial sense and doesn’t put you in jeopardy if things get a little rocky down the line.