Each year couples, or dual income households, make up the largest percentage of home buyers in the country. According to the National Association of Realtors that percentage grew even larger to 65% of total buyers in 2012, up 7% from the last two years. It is no secret that many first time homebuyers are newlyweds, looking forward to building a new life and new home together where they can picture raising a family and creating their independence.
“Buying a new home is a long term investment, and what better time to invest in your future than when starting a new life together as husband and wife” said Judy Hearst, regional vice president of Coldwell Banker Residential Brokerage. “The process of becoming a homeowner is a rewarding experience, but requires research and understanding that a professional real estate agent should be part of.”
- Your changing needs. It’s important to ask yourself critical questions from the get-go. Do you plan on having a family? Adopting a dog? Make sure that your home can suit the evolving needs of your marriage now and for years to come.
- Trained eye. An accredited Realtor can offer the same kind of insight you’d expect from your wedding planner by guiding you through the purchase of your first home. “Realtors are certified to know the ins and outs of the market,” said Broude. “They can manage the little details in the home buying process so you don’t have to.”
- Know your limits. Meet with your lender to create a plan. They’ll help you understand how much you can afford based on your combined incomes, budgets and credit histories. They’ll also be able to help you understand what special tax credits you may be eligible to receive.
Coldwell Banker Residential Brokerage, a leading residential real estate brokerage company serving Chicagoland, Northwest Indiana, Southeast Wisconsin and Southwest Michigan, operates 52 offices with more than 3,300 sales associates. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices. For more information, please visitwww.coldwellbankeronline.com.