Real Estate Pain for Many May Become a Gain for Single Women
By Allison O'Connor
Paradise Valley, AZ, April 25, 2008 — According to Greg Bechelli, a Certified Mortgage Planner, at Residential Pacific Mortgage in the San Francisco Bay area, there may not be a better time for a single woman to purchase a home than now.
Bechelli, who has been a top performing mortgage planner for over ten years in one of the nation’s most costly real estate markets, suggests single women with a steady employment record, some savings, and a respectable credit score, should consider a real estate purchase now. In certain areas home and condo prices have dropped in value by more than 25%, opening the door to some great bargains.
Many future home buyers including single women, are waiting for the market to hit bottom before beginning their search. This may be a mistake, as one can not predict if or when housing prices will decrease further. Some indicators show that current housing prices are as low as they will get. And yet, some markets have seen small increases in the housing prices, suggesting the real estate market may be recovering from the downturn. In spite of this, single women can still find homes for literally hundreds of thousands less than what they would have sold for just a couple of years ago in most parts of the country.
“Homes that sold two years ago for $435,000 are getting bids as low as $325,000. Often, however, those bids are pushed aside for better offers. In one such example covered in a report by an online financial site last week, a home in Sacramento, California that had sold two years ago for $435,000 received nine bids and was sold for $365,000.” – www.SingleMindedWomen.com, Hunting for Real Estate Bargains.
In spite of the current economic conditions, single women continue to be the second largest group of home purchasers in the U.S. In fact, 1 out of every 5 homes purchased today is by a single women. But, according to Bechelli: ” There are still a lot of women sitting out there today who have convinced themselves that they could not qualify for a home loan. Bechelli recommends single women considering purchasing a home in the next 12 months should get started now by meeting with a certified mortgage planner.
Remember, smart buyers strike when the prices are low!
For more on the best time to buy a home and greater details on how to qualify view the article Hunting for Real Estate Bargains at www.singlemindedwomen.com.
About Single Minded, LLC:
Offering practical advice, SingleMindedWomen.com contains information that is both vital and informative that every single woman can use to enhance her lifestyle. Whether single by choice or circumstance, women ranging in ages from 25-54; and from a variety of backgrounds will find inspirational ideas and how-to examples that allow them to enhance their “single life”. Topic categories include travel, health, career, relationships, looks, finances and single parenting.
Headquartered in Paradise Valley, AZ, SingleMindedWomen.com was founded in 2007 by Allison O’Connor and Christine Whelan. Both women have extensive experience in publishing and advertising and have been single professionals during their careers. Having worked for companies such as PennWell, VerticalNet, TechOnline, Reed Publishing and Carat Freeman, O’Connor and Whelan have successfully launched numerous web start-ups and magazines. For more information on Single Minded, LLC, contact firstname.lastname@example.org.