Single Women Home Buyers

Building equity is important for everyone, no matter if you are male or female. Single women home buyers face challenges, but no challenge is big enough to stop them from achieving their home buying dreams and increasing the value of their homeownership in a timely manner. First Ohio Home Finance wants to help you start achieving those goals as soon as possible, here are a few tips to get started.

Getting Started  

Can you afford to buy a home? Is your credit score strong enough? Do you have enough for a down payment and closing costs? These are questions to ask yourself before you start shopping. Affording a home means more than making a mortgage payment. It also includes paying taxes, insurance, repairs and maintenance, utilities and possibility HOA dues and other fees. It is important to research these hidden fees and find out if you can afford them. Our mortgage calculator can help you answer some of those questions!

If saving for the down payment is an issue, our Loan Officers are here to find the right loan for you. They will also help you get pre-approved. This will give you a competitive edge when you go to buy a home and sellers will respect your offer more with a mortgage pre-approval.

Long-Term Investment

You want to love the home you purchase. There may be things you love about the house and things you aren’t in love with but willing to work with. When looking at home, focus on the potential profit. As much as we want these homes to be forever homes, it usually does not happen that way. New jobs, kids, pets and many more circumstances could affect the amount of time you spend in a home. When it comes time to sell your home, you want it to be appealing to other and therefore profitable. Carefully research the market which you are considering buying and see who is buying in that area as well.

Avoid Buying Mistakes  

Buying mistakes usually are not obvious until after you try and sell. We want to help you avoid those mistakes before you even buy. Location is so extremely important, make sure your location has a lot to offer, try and forecast the future of the location. Is there room for change and growth? Avoid oddly-shaped, too small or poorly located units because they might be cheaper. The odd units might be difficult to sell later one. Consider the property layout. For instance, don’t buy the only two-bedroom home in a primarily three-bedroom home family neighborhood because if at any point your home is on the market at the same time as those homes, yours might be harder to sell.

First Ohio Home Finance is here to make the home buying dreams a reality for single women. All the topics above can be discussed with our Loan Officers. Contact us today to get started!