Blogs
Posts By Date
Categories

3 New Year’s Resolutions for Buyers in 2017

 


New Year’s resolution: Buy a home.


You've heard that plenty from your contacts. So, now how do they get there with their savings?
There are plenty of preparations would-be home buyers can make to put homeownership more within their reach in 2017. Here are three New Year’s resolutions to adopt to get on the path:


I will automate my down payment savings.


Buyers who are trying to save up the often-recommended 20 percent down payment will need to get savvy at saving, stat. First off, you often don’t really need 20 percent down but you do need to save. Here’s a way to commit: Automate your bank accounts so that you regularly set aside a small amount of your paycheck into a separate savings account dedicated as your “house fund.” Amassing enough for a down payment takes discipline and perseverance, but setting up automatic savings can make it easier, “If you never see the cash, you won’t spend it.”


I will clean up my credit.


Pay your bills on time. Keep up on credit card, car, and college loans. Mortgage lenders want to see that you aren’t sloppy with credit. You don’t need to avoid credit altogether, however. If you earn $200,000 a year but never pay your credit cards on you could be considered a credit risk. It’s also important to establish a credit history but try not to use more than 30 percent of your available credit.


I will budget wisely.


Downsize your budget now so you’ll be able to save more for your down payment and pay down any debts. Also, factor in added expenses that come with buying a new home, like furniture and accessories. If you know that a mortgage is going to take a bigger amount of your paycheck, create a budget that factors that in so you can get used to living on less disposable income.

 

Yes it takes commitment but we all know home ownership is investing in your future.

 

All the best in 2017!

 

Read full post
Categories:   #12 Real Estate | #18 Real Estate | #25 Real Estate | #38 Real Estate | #5 | #5 Real Estate | buyer's tips | Cedar, Nanaimo Real Estate | Central Nanaimo Real Estate | CHEMAINUS Real Estate | Du Ladysmith, Duncan Real Estate | Ladysmith Duncan Vancouver Island/Smaller Islands British Columbia Real Estate | Ladysmith Real Estate | ML Cobble Hill, Malahat & Area Real Estate | NANAIMO Real Estate | PORT ALBERNI Real Estate | professional organizer | Saltair Real Estate | THETIS ISLAND Real Estate | Z3 Chemainus, Zone 3 - Duncan Real Estate | Z3 East Duncan, Zone 3 - Cowichan Valley Real Estate | Z3 East Duncan, Zone 3 - Duncan Real Estate | Z3 Ladysmith, Zone 3 - Cowichan Valley Real Estate | Z3 Ladysmith, Zone 3 - Duncan Real Estate | Z3 Saltair, Zone 3 - Cowichan Valley Real Estate | Z3 Saltair, Zone 3 - Duncan Real Estate | Z3 West Duncan, Zone 3 - Duncan Real Estate | Z4 Cedar, Zone 4 - Nanaimo Real Estate | Z4 Central Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 Chase River, Zone 4 - Nanaimo Real Estate | Z4 Diver Lake, Zone 4 - Nanaimo Real Estate | Z4 Extension, Zone 4 - Nanaimo Real Estate | Z4 Hammond Bay, Zone 4 - Nanaimo Real Estate | Z4 North Jingle Pot, Zone 4 - Nanaimo Real Estate | Z4 North Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 South Jingle Pot, Zone 4 - Nanaimo Real Estate | Z4 South Nanaimo, Zone 4 - Nanaimo Real Estate | Z4 University District, Zone 4 - Nanaimo Real Estate | Z4 Uplands, Zone 4 - Nanaimo Real Estate | Z5 Nanoose, Zone 5 - Parksville/Qualicum Real Estate

Exclusive Features

  Sign up to VOW and access:

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms.

  • 333% More Listing Info
  • New Listings Sooner
  • Save Your Searches
  • Email Alerts & more!