Yesterday, 03:54 AM
Hello, visitor!
Article:
If you',re one of them, you',re going to want to know how to do it right. Here are 6 big tips to help you go from dreamer to do-er as you prepare for homeownership. Single Women Homebuyers: What You Need to Know.
Click here for buying a home as a single woman
A young Nashville teacher I know, let’s call her Mary, is changing the world. Mary is good at her job. She’s financially independent. She has long-term career plans, and is working nights and weekends toward a master’s degree to chase her dreams. Meanwhile she is single and not currently seeing anyone. But Mary refused to wait for a husband or any relationship to give her permission to participate in one of society’s best investments and strongest emotional anchors. So, she bought a house on her own. This has never happened in human history. Young women are independently buying houses at a faster clip than young men, traditionally the wage-earners and house-buyers. Single Women Home Buying Trends. Now single women comprise 18% of homebuyers in the U.S., compared with 7% of single men, according to the National Association of Realtors. This is as significant as the first entrance of American women into the workforce after World War II. But all pioneers face pitfalls. Here, in a nutshell, is what single women house-buyers need to know: Don’t buy a too-big house. Aim for a mortgage payment no more than 25% of income. Think hard about your future housing needs. It’s a tougher challenge for women. Find a realtor and a neighborhood you can trust. Buy a Fixer-Upper, or learn to fix things. Shop around and negotiate for mortgage rates. Take a home-ownership course. Learn how to save a downpayment in 1 year or less. But first: take pride! We’re not blowing smoke to say single women home buyers should realize their place in history. The GIs who won World War II and defeated Hitler knew what it meant. So did the suffragettes who won the right to vote in 1920. Awareness of the big change you represent will help you deal with the bumps that come with any dramatic social upheaval, especially involving the relations of men and women. It can get confusing. The fact is, millennials are rejecting marriage along with all sorts of traditions, from antiques to fancy jewelry. And you can add home ownership to that list. Millennials are buying fewer houses than previous generations, but millennial women seem to be bucking this trend. How can that be? Single Women Have Buying Power. Women now dominate not only traditional “pink-collar jobs” like nursing, teaching, social work, and human resources. They are a majority of medical students nationwide (make that future doctors). They are a majority of doctoral students in universities across all fields, including biology, public administration, and the social sciences. Women are better educated than men are now, University of Pennsylvania Professor Benjamin Keys, an Assistant Professor of Real Estate at the Wharton School of business, said in an interview for this column. “Women aren’t interested in marrying men who aren’t as economically productive as they are,” Keys said. Not if they can buy a house by themselves, without compromising on the quality of a mate. Women are starting businesses at a faster rate than men, too. Single woman entrepreneurs want a place to call their own for their personal and professional lives. Anticipate Future Needs When Buying a Home. Whatever news pundits you listen to, in the real world, women are equally gifted but biologically different than men. A young single woman first-time home buyer has a tougher challenge if she goes house shopping, psychologists say, because women are under tremendous pressure to figure out their lives at a younger age. Men don’t have to grow up fast. They call the men of our time Peter Pans for a reason. Women have to figure out by their mid-20s to mid-30s if they want children, or not. And those choices will shape the ideal house. Millennials are flocking to cities and reviving the urban cores. So maybe you’ll be one of them and snap up a condo near cool restaurants and shops and your hospital job. Or maybe you’re a single mom, or plan to be one, and imagine in a year or three you’ll prefer a suburban yard or school district. “Buyers should think carefully about the time costs of their commute,” Professor Keys said. “The stress of commuting may outweigh the suburban benefits of a larger house and a yard.” An older single mom may have two children’s bedrooms one year, two empty bedrooms the next. If you don’t see yourself living in your house for at least five years, consider renting until you figure things out. The financing costs and fixed costs of buying and selling a house are too high otherwise. “Sales or transfer taxes, realtor commissions, and other costs make the transaction costs extremely high for quickly buying and selling houses,” Professor Keys said. Find a Realtor and a Neighborhood You Can Trust. If you’re typical of many single women, you’ll seek a closer relationship with your realtor than the average home-buyer. This puts you at an advantage. A lot of psychological studies indicate women are generally more interested in people. Men are more interested in things. No wonder you’re doing better in life. You’ll be more inclined to do the things everyone should do. You’ll get recommendations from friends and family. You’ll find an agent with experience helping single women buyers, which is a growing specialty in real estate offices. You’ll develop a relationship, your realtor will like you, and work harder to find the house and the neighborhood that really meet your needs, not theirs. Here are some of the things you should learn: Talk to neighbors about the neighborhood before you buy. Get the vibe. Visit at all hours, day and night. Look for crime data. The city will have information, and web sites like Trulia.com have neighborhood crime maps.
Single female first time home buyer
First time home buyer single woman
Single women owning homes
Single ladies house
Single female buying first home
Buying a house as a single woman
Article:
If you',re one of them, you',re going to want to know how to do it right. Here are 6 big tips to help you go from dreamer to do-er as you prepare for homeownership. Single Women Homebuyers: What You Need to Know.
Click here for buying a home as a single woman
A young Nashville teacher I know, let’s call her Mary, is changing the world. Mary is good at her job. She’s financially independent. She has long-term career plans, and is working nights and weekends toward a master’s degree to chase her dreams. Meanwhile she is single and not currently seeing anyone. But Mary refused to wait for a husband or any relationship to give her permission to participate in one of society’s best investments and strongest emotional anchors. So, she bought a house on her own. This has never happened in human history. Young women are independently buying houses at a faster clip than young men, traditionally the wage-earners and house-buyers. Single Women Home Buying Trends. Now single women comprise 18% of homebuyers in the U.S., compared with 7% of single men, according to the National Association of Realtors. This is as significant as the first entrance of American women into the workforce after World War II. But all pioneers face pitfalls. Here, in a nutshell, is what single women house-buyers need to know: Don’t buy a too-big house. Aim for a mortgage payment no more than 25% of income. Think hard about your future housing needs. It’s a tougher challenge for women. Find a realtor and a neighborhood you can trust. Buy a Fixer-Upper, or learn to fix things. Shop around and negotiate for mortgage rates. Take a home-ownership course. Learn how to save a downpayment in 1 year or less. But first: take pride! We’re not blowing smoke to say single women home buyers should realize their place in history. The GIs who won World War II and defeated Hitler knew what it meant. So did the suffragettes who won the right to vote in 1920. Awareness of the big change you represent will help you deal with the bumps that come with any dramatic social upheaval, especially involving the relations of men and women. It can get confusing. The fact is, millennials are rejecting marriage along with all sorts of traditions, from antiques to fancy jewelry. And you can add home ownership to that list. Millennials are buying fewer houses than previous generations, but millennial women seem to be bucking this trend. How can that be? Single Women Have Buying Power. Women now dominate not only traditional “pink-collar jobs” like nursing, teaching, social work, and human resources. They are a majority of medical students nationwide (make that future doctors). They are a majority of doctoral students in universities across all fields, including biology, public administration, and the social sciences. Women are better educated than men are now, University of Pennsylvania Professor Benjamin Keys, an Assistant Professor of Real Estate at the Wharton School of business, said in an interview for this column. “Women aren’t interested in marrying men who aren’t as economically productive as they are,” Keys said. Not if they can buy a house by themselves, without compromising on the quality of a mate. Women are starting businesses at a faster rate than men, too. Single woman entrepreneurs want a place to call their own for their personal and professional lives. Anticipate Future Needs When Buying a Home. Whatever news pundits you listen to, in the real world, women are equally gifted but biologically different than men. A young single woman first-time home buyer has a tougher challenge if she goes house shopping, psychologists say, because women are under tremendous pressure to figure out their lives at a younger age. Men don’t have to grow up fast. They call the men of our time Peter Pans for a reason. Women have to figure out by their mid-20s to mid-30s if they want children, or not. And those choices will shape the ideal house. Millennials are flocking to cities and reviving the urban cores. So maybe you’ll be one of them and snap up a condo near cool restaurants and shops and your hospital job. Or maybe you’re a single mom, or plan to be one, and imagine in a year or three you’ll prefer a suburban yard or school district. “Buyers should think carefully about the time costs of their commute,” Professor Keys said. “The stress of commuting may outweigh the suburban benefits of a larger house and a yard.” An older single mom may have two children’s bedrooms one year, two empty bedrooms the next. If you don’t see yourself living in your house for at least five years, consider renting until you figure things out. The financing costs and fixed costs of buying and selling a house are too high otherwise. “Sales or transfer taxes, realtor commissions, and other costs make the transaction costs extremely high for quickly buying and selling houses,” Professor Keys said. Find a Realtor and a Neighborhood You Can Trust. If you’re typical of many single women, you’ll seek a closer relationship with your realtor than the average home-buyer. This puts you at an advantage. A lot of psychological studies indicate women are generally more interested in people. Men are more interested in things. No wonder you’re doing better in life. You’ll be more inclined to do the things everyone should do. You’ll get recommendations from friends and family. You’ll find an agent with experience helping single women buyers, which is a growing specialty in real estate offices. You’ll develop a relationship, your realtor will like you, and work harder to find the house and the neighborhood that really meet your needs, not theirs. Here are some of the things you should learn: Talk to neighbors about the neighborhood before you buy. Get the vibe. Visit at all hours, day and night. Look for crime data. The city will have information, and web sites like Trulia.com have neighborhood crime maps.
Single female first time home buyer
First time home buyer single woman
Single women owning homes
Single ladies house
Single female buying first home
Buying a house as a single woman
