Real Estate Insider Blog

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10
Mar
2017

Single Parent Home Buying: What to Think About



 

Single parents can do very well raising their family. And, home ownership is readily available and possible in many situations. If you are thinking about the opportunities and benefits of buying a home as a single parent, there's a lot to plan for. Before you make that move and buy a home, consider these key factors first.

  • How much space do you need? The more space you have, the more maintenance and upkeep you'll need to consider.
     
  • What type of local amenities matter to you? You may want a park that's within walking distance or you may want to be able to pick up and drop off your child at a school that's close by.
     
  • How long is the commute to and from work? Don't assume this. Instead, drive it to and from work at your normal times to see what's realistic.
     
  • If you have smaller children, you may need to consider day care providers that are nearby. Think about other needs as well such as the religious organizations, shops, and services nearby.
     
  • When buying a home, consider the amount of renovation needed. For many home buyers that are single head of households, it's important to choose a home that allows you to move in easily and quickly.

Every situation is different. However, if you plan to buy a home as a single parent, you'll need to consider your individual needs very carefully. Work with a local real estate agent that really does understand your needs and the overall scope of...

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25
Apr
2016

Good Time to Buy a Home in Clearwater?

The Clearwater Housing Market is Heating Up

This is good news for sellers but buyers need to consider their home buying options now to avoid being priced out of the market. For Clearwater home buyers it’s time to get off the fence and actively explore your options today.

January 2016 has seen a National Average of 5.4% increase in home values and Clearwater is ahead of the trend. Of course our beautiful weather helps but the low home inventory has produced a much larger demand for available homes. Rather than see this as a negative, home buyers should look at the advancing home values as an opportunity to get into the market at the “perfect time.”

“But if it’s a seller’s market then shouldn’t I wait to buy?”

Not necessarily, while there are conditions which makes it appealing for sellers to enter the market, buyers have good reasons to buy as well. It’s really more of a balanced market right now. The natural reaction of sellers to the rising home values is to list their homes for sale. As we get into the Spring Selling Season in Clearwater, we can expect to see inventories rise as well. This is a critical point if you are trying to save money.

Buyers have a real incentive to purchase a new property right now since interest rates have fallen since the beginning of 2016 and not likely to keep falling. As of April 8, 2016, interest rates are down 8 basis points over last week to a national average of 3.38%....

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