Happy New Year my friends! 2022. Wow, that sounds like a good one to me. Whether it is cliche or not, I love the idea of a fresh new 364 days of dreaming and doing. If one of your resolutions is to buy or sell a home/investment in 2022, I'm here to help you check that resolution off your list in 2022! When life gets crazy, home is always home, and if you don't love yours, let's change that in 2022. Cheers to that and cheers to a wonderful new year waiting to be explored. Happy New Year!
From Keeping Current Matters national publication.
I've built my business by referral. What that means is I treat my clients how I would like to be treated, keep their best interests in mind when going through the home buying and selling process and enjoy the relationship well after the home is bought or sold. And you know what? Good people know other good people! That is why I love working by referral. My business has evolved over the years. I used to have a holiday party at my home for my clients the first few years. I figured that I'd been in all of their homes, they should come to mine. But then the business grew. And I started having my client appreciation holiday party in my Century 21 office space. We had snacks and drinks and pie. Lots of pie. Then 2020 hit and we decided we appreciated my clients even more with their kind hearted referrals. Despite covid, we still wanted to see them. So we created the 1st annual A|R Real Estate Holiday Client Appreciation Drive Thru Pie Palooza. How's that for a name? The premise: I appreciate you and want to recognize that. Whether you bought your house 10 years ago or this year. Whether you've never bought or sold a home with my assistance but referred loved ones to me. So... you choose a pie and order online at www.pickmypie.com. French silk is my personal favorite, but apple is available as well. Then on the day of the event, you swing through the Century 21 SRE parking lot, show me pics of your sweet family, throw them in the car with you, bring the new puppy, pick up one for your parents that sold their house last year and couldn't make it through or just take a moment to make us a part of your holiday season. I'll meet you at your car with the help of my sweet daughters (Who are also involved in this event from start to finish by being the cover models on the invite to the pie sticker to the pie delivery and thank you.). My girls or my parents (truly a family affair for me!) will get your order and give you the pie and I get to catch up and hear about all the cool changes you've made to the home since you bought it. I love seeing everyone and saying Hi. This year, over about a three hour timeframe, 126 pie loving peeps rolled through the Century 21 parking lot. Holiday smiles, cheer and laughter were in abundance. And I loved every minute of it. :-) Cheers to lovely clients, working by referral for a blessed business and all those new faces I'll get to meet in the coming year! Cheers!
Friends, here's an interesting read with something near and dear to my heart... buying a home (or two!) as a single person. Buying a home is always scary, but with the right professionals to guide you through, it can be empowering and definitely help with your long term financial planning with a wonderful asset to love and make your own! Take it from me, I've bought and sold several homes and it's a rewarding experience every time!
So... if you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that’s a trend that’s expected to continue. According to Freddie Mac:
“Our calculation suggests that there will be an additional 5 million sole-person households in the United States by the next decade. This means 42% of the household growth will be contributed by sole-person households, . . .”
If you fall into this category, here are three tips to help you achieve your homeownership goals.
1. Know Your Credit Score
When you buy a home on your own, you have to qualify for your loan based solely on your own finances and credit history. Investopedia says:
“. . . lenders will be looking at just one credit profile: yours. Needless to say, it has to be in great shape. It is always a good idea to review your credit report beforehand, and this is especially true of solo buyers.”
It’s important to find out your score so you know where it falls. If you’re not sure if it’s strong enough or where to focus your energy to improve it, meet with a professional for expert advice on your individual situation.
2. Explore Down Payment Options
Next, look into down payment programs so you can get a feel for what you’ll need to save to buy a home. Rob Chrane, CEO of Down Payment Resource, explains:
“Buyers should discuss their program options with their loan officer and real estate agent to make sure they choose the program best suited to their personal needs.”
In this step, lean on the pros to determine what you’re eligible for and what’s right for you.
3. Think About Your Future Home and Your Needs
You should also spend time thinking about what you want. What type of home do you picture yourself in? To answer that question, Quicken Loans shares this advice:
“Think about your lifestyle, what you want out of your home and your needs. Is being close to work important? Do you need a lot of yard space? Do you want an extra bedroom that you can transform into a home office? Condo or detached home? Lots of space for entertaining? It’s all up to you (and your budget).”
Again, a professional can help you balance what you want and how much you should spend on your monthly housing costs to determine what type of home is right for you.
While buying a home solo can feel like a big challenge, it doesn’t have to be. If you lean on the professionals, they can help you navigate these waters and make sure you’re able to take advantage of the great opportunities in today’s housing market (like low mortgage rates) to buy your dream home.
The share of sole-person households is growing. If you’re looking to buy a home on your own, be confident that the dream is achievable. When you’re ready to begin your search, let’s connect so you have expert advice each step of the way.
From: Keeping Current Matters