The most critical decision that should be made when purchasing a home in South Pasadena as a single parent is whether or not it is ultimately a good idea for you. Owning a home is not for everyone, and that is essential to always remember. A handful of single parents who are renting need to think about whether they should keep on renting or if it makes sense for them to become homebuyers.
As a single parent, one of the most pivotal considerations to make when figuring our whether home ownership makes sense is whether or not you want the responsibility of actually owning a home.
Now that you’ve determined that buying a home as a single parent makes sense for you – the next step is to get pre-approved for a mortgage. It’s key that you clearly understand the difference between a mortgage pre-approval and a pre-qualification.
When purchasing a home, it’s generally a great idea to get pre-approved for a mortgage, not pre-qualified because it will make a drastic difference when negotiating with a property seller. In addition, it’s also possible that some sellers will not accept an offer mainly because the buyer only is pre-qualified and hasn’t gone through the entire process of getting pre-approved.
South Pasadena Buyers Agents often say you’d be smart to chat with a mortgage broker about the thorough process. There are an array of mortgage products available for homebuyers. A majority of buyers, not only single parents, wonder which type of mortgage is best for them.
Hire An Expert South Pasadena Real Estate Agent
It’s highly recommended when buying a home, as a single parent or not, that you hire an expert real estate agent, not just someone that is licensed to sell real estate, to represent your best interests. Since there are many steps in the home buying process, having an experienced South Pasadena Buyers Agent can make the process seem much less stressful.
You want to make sure that you’re working with a South Pasadena Realtor that is experienced in helping both home buyers and sellers. Furthermore, the South Pasadena Buyers Agent must understand both sides of the transaction to properly guide you through the process and save you money.
Include Your Children
As you go through the home buying process as a single parent, it’s an always an exceptional idea to make sure your children feel included. Make it an enjoyable process and leave the heavy lifting to your South Pasadena Realtor. The process shouldn’t be any different than when selling a home with children! Including your children throughout the complete process will help get rid of potential problems in the future, and they’ll thank you for it- trust me.
This doesn’t mean you have to bring your children every time you look at a home, however, before you make a final decision on a home it’s a great idea to show your children their potential new home and maybe more important to them – their bedroom. Change can be quite the burden for children, so if they’re thrilled about their potential new home, this can be very helpful and exciting times.
Purchasing a home as a single parent can certainly have its fair share of heartache, but it’s not impossible. It’s very crucial when buying a home as a single parent that you have a strong understanding of what to expect during the process.
Owning a home as a single parent is a great opportunity to provide stability for your children and in most cases, is beneficial and a huge accomplishment. Especially in South Pasadena, CA.