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Empowering Potential Home Buyers by Learning to Set Money Aside
Date:5/30/2013

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Trulia posted an article by Real Estate Agent Michael Seaton titled "How Much Do you have to save to buy a home?" on March 7, 2013. After researching climbing rental prices against the opportunity to buy a home at low monthly mortgage rates, and adding on homeowners tax breaks, Seaton finds that many residents opt to become home buyers.

Seaton concluded, "After our housing turn around, more families are deciding to purchase a house as an investment. I believe that all homeowners should have enough cash after putting a down payment on a home, to be able to pay closing costs, and have enough money to make mortgage payments for 8 months. This gives you the security if something were to happen if someone lost their job. Think of this savings as your cushion “just in case” money". Saving to buy a home in the future, setting target goals, and choosing a skilled Realtor is a great way to begin on the upward path of positive financial capability.

Home Destination offers home buyer and seller resources to empower families to make wise purchasing decisions. If you are are Minneapolis real estate seller or buyer and are seeking a seasoned guide, call 612-396-7832.

Read the full story at http://www.prweb.com/releases/Minneapolis-home-buyers/saving-to-buy-a-home/prweb10783222.htm.


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