Overcoming Home Ownership Hurdles

Dated: 03/18/2016

Views: 716

Overcoming Home Ownership Hurdles

Homes In Kingman


One major deterrent to purchasing a home is believing that it's not within your financial reach.  If you have ever found yourself in this position, be encouraged.  Home ownership is a positive goal that can add value not only as a financial investment, but also to your lifestyle.  Below are some common hesitations we hear to purchasing a new home, and some resource to help you overcome them and attain your aspiration of home ownership.  


The Housing Affordability Index published by The National Association of Realtors is a great place to compare where you stand against other home buyers nationally.   Not only does it list the median selling price of homes in the U.S. for the previous three years, but it also gives an extensive breakdown of market trends for the prior 12 months, starting with January of 2016.  From mortgage rates to the percentage of your income that your mortgage payment could be, this report is a plethora of information for anyone who dreams of buying a home in Kingman.


Maybe concern over your credit score has been holding you back from pursing a house.  Talk to a lender.  Though there are websites out there that can help you keep track of your credit, speaking with a trained professional will let you know exactly where you stand financially.  And if your credit is a stumbling stone on your path to home ownership, a loan officer is able to offer you expert advice that is specific to your situation on how to get your credit score where it needs to be.   Seller financing and lease to own properties are also potential possibilities when you're trying to improve your credit. 


Having the money for a down payment on a home is another challenge.  Well, you're in luck.  If you plan to buy a home in Kingman, loan programs exist that require zero money down for qualified applicants.  And if you're a Veteran, a loan program exists especially for you.  


Use your resources and don't give up on your journey before it's really started.  Even if it takes some time, its achievable.  Formulating a plan, even if it's longer term, is key, and developing a relationship with a local real estate agent is an excellent way to start.  We are here to connect you with those resources, offer you advice on the market, and act on your behalf in your search for your new home. 


Image title

Lindsay Lowry, Agent

The Queen Team - Keller Williams Arizona Living Realty

C.  928.530.1234

T.  928.377.5640

E.  lindsay@queenteamhomes.com

Want to Advertise on this Site?

Latest Blog Posts

Explaining The DISC Personality Test

People are different, but they are different in predictable ways. The DISC test is a wonderful tool to help look at some of the different personality traits people have. Watch the video below to

Read More

The DISC Personality Test And What Drives You

Who doesn't like to learn about themselves? If you're the kind of person who obsesses over taking personality tests, then you should take a minute to take the DISC Personality Test and Values Index.

Read More

Read Books Like Bill Gates

We've all been told that reading is important if you want to be successful, but how do successful people read? Bill Gates takes a moment to talk about how he reads books and gives us some incite on

Read More

TEDx Talk Build The Brain You Want

We would all like to have better, smarter, more effective brains. In this TEDx talk, Lara Boyd goes over some of the common myths about how our brains learn and how we can be working to expand

Read More