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Biggest Homeownership Worries

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Posted by: Claire Belby on Sunday, June 7, 2015 at 8:00:00 am

Biggest Homeownership Worries

The real estate market in Central Indiana – and many parts of country – is experiencing a resurgence of sorts. Closed sales are brisk, prices are up and interest rates are still historically attractive for every type of buyer be it first-time or repeat. Still that doesn’t mean everyone feels confident about homeownership, particularly new buyers.  

There are a few surveys out this week that touch on the biggest fears of potential homeowners. What are some of them?

  • Knowing your credit score or understanding what it means to your buying ability
  • Not knowing where to start in the process. By the way, you’re in better shape than most on that one My4Walls reader!
  • Worry over student debt
  • Anxiety about a down payment

As with any decision in life, the biggest fear lies in the unknown so the best remedy for those who seek homeownership, but have concerns, is to talk with professionals. Meet with a mortgage professional for sound financial advice. Meet with a REALTOR®, especially one who specializes in first-time purchases. You’ll walk away knowing more than you did before.

Sources: TransUnion and PRNewsWire  

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