Single women are surging ahead in real estate investments. Gone are the days, where a father’s or husband’s signature is required for a woman to purchase a home. Accounting for 18% of homebuyers after married couples, the National Association of REALTORS says that single women are changing the face of homeownership. Stability, investment opportunity and life changes being the driving factors for single women to own a property instead of rent, if truth be told, they are the second largest home buying group. In order to help all single women out there to make a wise purchase this article will list out some prudent points that will make your purchase wise and profitable. Let’s get into the tips right away.
Foundation, windows and the roof are the main things that you should have a keen look at when you are inspecting a home. Seeing that both repairing and replacing any of these can cost you a leg and an arm, find out the costs during your home inspection time frame and report it to the seller. There is another option too. Read on to know it.
Try getting seller concessions:
Well, there are several misinterpreted aspects of ownership, one of the most misunderstood parts is the amount of money required to maintain the home. Certified financial planners say that anywhere from 1% to 3% of the home’s value is required every single year to cover fixes. In the present day, a lot of buyers are able to get concessions from sellers upfront in order to fix any impending problem which in turn helps cut the maintenance cost. Besides, buyers these days ask for a year’s warranty on the major systems and appliances that cover repairs and sellers are also providing and paying for these policies says professional buyers’ agent.
Have a keen look at the credibility factor:
Every new day we come across news stories about buyers who have been deceived by fly-by-night developers or agents. This may be in any form like either the project is delayed unjustly, or has never taken off or even if it is grossly partial from what was promised in the beginning. Hence, it is always good to have a check on the credibility factor such that you don’t fall to these con artists.
Are you a single woman who is still struggling to strike the home buying trend? Perhaps you should consider investing in your own home. Follow these aforesaid tips and jump the bandwagon of home ownership. Become more financially literate and get your questions answered by DC Fawcett, a real estate connoisseur who has mastered the art of wholesaling, rehabbing, and cash flow investing in virtual markets. Assisting people throughout the course of their real estate journey, he will help you become skilled at investing concepts and guide you how to grow through his proprietary Virtual Real Estate investing systems.