I want to buy a home!

[Paylor]

I am a single mother working as a teacher and want to purchase a home. But don't think I can afford a home. I am tired of paying rent. Is there a way I can become a homeowner and not pay an outrageous mortgage? Your advice will be greatly appreciated!

[Amy]

You must plan ahead to buy a home. Start with a decent small house that won't cost too much.

If you can't afford one right now, you will someday if you take action to start saving for down payment, improve your credit and income now.

To make the first step, I would suggest that you make an appointment with an experienced real estate agent to talk about buying your first home and let him/her pre-qualify you to buy a house. He/she will give you a lot of information as to how much you can afford a house with your current income, the current housing market, etc..etc..

If you can't afford to own a home now, please don't be despair. It's just a matter of time.

It would be a bad idea to own a home that you can't afford that could lead to foreclosure.

You can also consider lease purchase. Usually you will have to pay 1% of the lease purchase price, (the option money) agreed upon by you and the seller to secure the lease purchase. The option money is non-refundable if you decide not to close the deal at the end. But if you do close the deal, that option money will be applied to your down payment for the home. However, be very careful with lease purchase, because there are certain risks involved such as the property maybe selling for much higher than fair market value, the location may not be as ideal as you want it to be, etc. etc.

Talk to a real estate agent soon to find out what you need to prepare for buying a home. Be brave and I am sure you will.

[Alistair]

Hi,
Recently I have bought a house and quite satisfied with this. My friend told me to take help from Real Cheap Real Estate . From their help I really got a good place and don’t have any complains. They specialize in selling discount homes and they also sell real estate notes. Hope it will help you too.
Good Luck!

[gretter]

yes u can become a homeowner and it will be very helpful but first you need to make sure you are making the right decisions.. and choose the right home dont just choose something that is nice on the outside because you can end up spending more than you thought fixin on later. when i purchased my home in jersey i used http://accurateinspections.com to help me inspection my house and make sure what i was going to pay was worth it.