Heather Presha, Realtor
I've had a few clients that have asked me to rent out their homes for
them.Â In doing so, I've had some really interesting conversations with
prospective renters as to why they have not decided to purchase a home
instead of renting.Â All 66 people that I spoke to said the same thing:
"I have to save for a down payment"Â
"I have a few things I need to repair on my credit"
"It's such a big commitment"
Fair enough, but here's the bottom line on all 3 of these issues:
1. DOWN PAYMENT.....
is the total cost to move into an apartment?Â A few thousand dollars,
right?Â Half of a down payment, if you ask me.Â Where will you get the
other half?Â Here are 16 ideas:
16 ideas to help you drum up money for a down payment - MSN Real Estate
do YOU know the best method of clearing up your credit to prepare to
purchase?Â Leave that to the experts, my dear!Â Do yourself a favor and
meet with a loan officer (an EXPERT), who can help you develop a
strategic plan to get ready!Â Right now you really don't have enough
information to make an educated decision about whether or not you can
actually buy a home.Â Right?
Here are some people I call on to help my first timers get ready:
1st Point LendingÂ
International City Mortgage
3.Â A Big Commitment...
is a huge commitment. Â Work, relationships, marriage, children -
everything that has a big payoff requires us to make a decision; to
challenge ourselves for the long run and to overcome our fears.Â Once
you put in the work, the benefits are huge.Â If you are worried that you
won't know what to do when something breaks down in your new home--it's
simple...FIX IT!Â Go online, go to Home Depot or call a Handyman!Â
Bottom line is---like any other commitment, you will continuously be
working on your home to maintain it.Â It will be YOURS - stop paying
someone else's mortgage and start paying your own!Â
Check this out....
is what I got for pushing through my terrible credit, budgeting like
crazy and being courageous enough to want to own my own home.
(I planted that banana plant in the front yard and cried because I couldn't believe that I WON!!!)
...YOU CAN DO THIS too!!!!Â