In 2017, single, female buyers accounted for nearly one in five homebuyers—the second-most common household buyer type behind married couples, according to the National Association of Realtors. If you’re ready to join the thousands of single women who’ve invest in their financial future, here are 4 things to consider!
Don’t Be Afraid: First things first —do not be scared to buy a house as a single woman! More and more single ladies are buying homes on their own and making great investments! If you think being single makes it harder to get approved of a loan or get your offer accepted, throw that idea out the window! Your relationship status has zero impact on your ability to buy a home.
Do Make It Affordable: I’m not going to lie and tell you that buying a home on a single income can be difficult, but it is definitely possible and SO worth it. Yes, you’re paying the mortgage and the fees on your own, but that also means you get the entire profit to yourself when you sell. Just plan ahead to make sure you understand all of the costs associated with buying a house and an emergency funds account for the unknown. Buy a home that’s right for you and right for your bank account. You got this!
Don’t Spend It All: I know it’s tempting to put all of your life savings into the home of your dreams, but I highly recommend you keep some of your savings intact in order to live the lifestyle of your dreams. Just because the bank will lend you more than you thought, doesn’t mean you have to spend it all.
There you have it! Here’s to all of you single ladies out there taking this huge step forward and investing in your financial freedom!
If you’re ready to dive into home ownership, reach out!
Comment below or text me at 601-606-3001
I can’t wait to talk to you!