Belleville Blog

November 2nd, 2010 10:37 AM
Record numbers of single women are buying homes. If you're a single woman who wants to buy a house, the good news is the market is wide open for you. The stats from the Joint Center for Housing Studies say:
  • More than one in five home buyers is a single woman.
  • Twice as many unmarried women are buying homes than single men.
  • Single women make up more than one-third of the growth in real estate ownership since 1994.

Top Three Reasons Unmarried / Single Women Buy a Home

  1. Strong desire to own her own home.
  2. Need more space or want smaller home.
  3. Relocate closer to job, school or family.

The "Red Shoes" Experience for a Home Buyer

Women will relate to this. Say, you need a new pair of red shoes. You go to the mall. At the first shoe store, you find a fabulous pair of red shoes. You try them on. They fit perfectly. They are glamorous. Priced right, too. Do you buy them? Of course not! You go to every other store in the mall trying on red shoes until you are ready to drop from exhaustion. Then you return to the first store and buy those red shoes. Do not shop for a home this way. When you find the perfect home, buy it.
 
Real Women Who Buy Real Homes

Women home buyers come in all sizes, shapes and ages. They are divorced, never married, separated, widowed; some have children, others live with friends or partners and many live alone.

Here is a story of a single women buying her first home. 

Sharon, mid-20s, not married. Sharon lived in an appartment and wanted to move into her own home. For the price she was paying in rent she might as well own he own home and start building some equity. She was not sure where to start, so she called an agent she had heard about from a friend. She had a clear-cut list of what she wanted in a home.

  • Two or more bedrooms.
  • Pre-Approved for $150,000. 
  • No carpeting.
  • Large back yard. 
  • Open concept. 

She toured over 20 homes before she found one she liked but wanted to "think over" her decision. Her agent called her on Sunday. She wanted to buy one of the homes she had seen but didn't "feel ready." By Monday it was sold.

On Wednesday, a price reduction popped up in MLS and she was contacted by her agent right away. They went and toured the house that day and and the offer was made that afternoon. It had everything she wanted and with the quick action of her agent she was a proud home owner.

 

Posted by Doug Peterson on November 2nd, 2010 10:37 AMPost a Comment (0)

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