What Single Women Home Buyers Are Looking For – Info

Given the numbers of single-women on the home buying market , it is important for those in the housing industry to become acquainted with what these women look for when buying a home. selling a home has some nice tips on this. Women’s primary concern is health, followed by a desire to become a part of a social community. This may account for the apparent preference for condominium-living among women.

Female buyers are skilful and perceptive. Intending to find their perfect home and make a smart investment, they enter the real estate market. Before making a purchasing decision, women tend to proactively research the market, neighborhoods, and property prices. Nevertheless, when it comes to research, it is the first-time female buyer who tends to focus on on-line data, while mature female buyers rely more on previous homeownership experiences.

Typically, the first-time single-woman home buyers are financially conservative and gravitate to condominium maintenance-free lifestyle. Condominium offerings such as security, concierge, underground car park, fitness centers and guest suites make it an attractive choice in lifestyle.

Women tend to be more descriptive in terms of square footage, facilities, and proximity to family and work, and particular about their needs. Statistically, women spend longer periods than men looking for an acceptable home. Women are cautious, do their homework, carefully study the market, spend more time looking for possible homes using the internet and prefer to be transparent about networking with friends and colleagues about home buying issues. Women are more likely to seek out women mortgage brokers, lawyers and professionals in the real estate sector.

First Time Home Buyer Checklist!

Get credit reports from all three loan offices. They are Experiential, Transunion and Equifax who require each of you to get one free report a year. Be sure all the information is right, because with a higher interest rate, one minor error could cost you thousands of dollars. When mistakes occur, they can be contested on any and all records that are available. Axess Home Buyers has some nice tips on this. A big tip for rapidly raising credit score is also to lower the balance to below 50 percent of the total credit cap. For eg, owing $300 on a limit of $500 cards is far worse for you then owing $10,000 on a limit of $25,000 cards. First case 300/500 is 60 % of the total threshold, while 10,000/25,000 is 40%. While in the second case you owe much more money, it is far better for your credit score than in the first case where your debt cap is 60%.

Get Pre-approved-If the credit reports are correct and a pre-approval is a must in the best possible light. No one will entertain an offer on any property unless, particularly during current economic times, you have solid financing.

Down payment, Banks are far less likely to approve you for a loan with no down payment in today’s economic times. You should be down by at least 3 percent. There’s a fast way to get used to paying a mortgage and getting a down payment if you don’t have one in here. Set up a different account and put what your premise, interest, taxes and insurance would be if you had a mortgage every month for 6 months. You ‘d have about 3 percent of the loan value to put into your house at the end of six months and get used to paying a monthly mortgage. When you all have a down payment ready then use the money for an emergency fund if something happens in the first year of ownership of the house.

Find agent for a full-time real estate buyer. The process of buying a house can be overwhelming as a first-time home buyer and the agent of a buyer who represents you can describe clearly the process and all the steps required to buy a property. Property sellers are going to have representation so why not you? In fact, the seller always charges the buyers service fee and there’s no excuse not to hire a buyer’s agent.

Analysis-Places, schools, levels of crime, neighbourhoods, distance to work (commute), local facilities, amount of inventory, recent sales, taxes, insurance rates, and more. With many of these areas a real estate professional can help.

Patience-It is not about going to the market to buy a home and picking up a loaf of bread. A home is most likely your biggest investment in finance and proper guidance from a real estate professional who is doing this every day is a must.

Home Inspection-Never purchase a house without inspection at home. A home inspection will cost you about $300-$400 which is minimal compared to having home inspection benefits. Usually a home inspection takes a few hours and analyzes a lot more than the 15-30 minutes you’ve already spent seeing the house. Home inspection will prevent you from making a mistake of a few hundred thousand dollars by letting you walk away from an issue house. Home inspection will also benefit you in terms of renegotiation, based on new information or concerns revealed during the inspection.