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Single Homebuyer

Since 2011, single women account for 17% and single men account for 7% of buyers.

Here are some tips to help single homebuyers:

  • Don’t house hunt alone. Take a friend or family member that is familiar with home buying.
  • Consider future household additions.  These can affect square footage, yard space, and safety needs.  Also, consider renovations and employment changes.
  • Add up annual maintenance expenses.  Reports of costs can be provided by sellers.
  • If gift funds are used for down payment, check the mortgages offered as some limit how much of the down payment can be received as a gift.
  • Take a homeownership class. Home Free USA offer free, online education.

Single buyers represent an exciting opportunity for today’s housing market.

 

Credit to: Jamie Sutton