It’s Singles Awareness Day and the thought of purchasing a home as a single home buyer may seem like an overwhelming task, but with the right preparation and research it can provide the perfect opportunity to acquire a new home. Here are a few things that you should tackle if you are wondering if you can purchase a home on your own.

  1. Consult with knowledgeable financial advisors to establish a budget. Having a budget is an important and essential element in taking control of your finances. Establishing a sensible budget can help you understand how money flows out of your accounts, allowing you to more accurately track your spending and receive advice on how best to increase savings and investments. This can also help prepare you for what to expect when you apply for pre-approval.
  2. Check your credit rating, get pre-approved and contact a trusted real estate agent in your area. An experienced agent will be honest with you about your options while guiding you in the direction that will be most successful and beneficial for you.
  3. Speak with your agent and lender about about programs that could potentially help in the purchase your home. There are many sources that professionals can connect you with.

Taking the time to determine what you need, want and can afford will help make your search easier and less daunting. With careful planning and dedicated hunting, you can find that perfect place to call home without having worry about compromising on any of your needs as a single home buyer. You don’t need someone else to buy a home! You can do this and we would love to help!