We encourage our kids to plan for their future, but we seldom include buying a first home sooner than average as a path to building that future. Let them know buying a home is easier than they think.

Most of the people who read this column are not first time homebuyers. The fact of the matter is many of you that are first time homebuyers and reading this article are relatively mature individuals who are fighting off your commitment fears of being tied to a mortgage. But there is a huge segment of the population that could buy their first home, yet it doesn’t occur to them to do so. Who are these people? Well, it’s your 24 year old son or daughter, new to the work force, and is throwing away money on rent somewhere. Encouraging your children to buy a home when they are young is some of the soundest financial advice you can give them. Equity in a home is an easy way to grow one’s portfolio with very little investment. But the fact of the matter is it doesn’t occur to most of us to encourage the younger generation to buy early in their lives. And trust me, it rarely occurs to our kids themselves to consider buying a home in the early twenties. They are more concerned with buying a new Halo 3 for their Xbox.

Why do so many people miss the boat on this opportunity? It could be they plan to be in the area for only a short time because they will job hop to advance their career, thus viewing a mortgage as “too permanent.” I counter to simply sell the house when you move. Or maybe they expect their income to double or triple over the next three years. I say buy a home now, then upgrade to a new home; sell or rent the old house. Investing in real estate is a proven, safe and solid return on investment. And with the right combination of credit history (or a history of paying utilities, cable and your cell phone on time) and no money down, you or someone you care about can start investing in the future.

When Junior starts his new job at the company and 401(K) is available, he’s been informed by his folks, boss or peers to enroll and contribute at least a little something to it with every paycheck. Yet, he is rarely counseled quit renting that apartment for $750 a month and buy a $75,000 house. Where will he come up with the money to do it? There are multiple options for first time buyers that allow for 100% financing. Get the seller to kick in closing costs (up to 6% of sales price with some products), and one can close on a loan and bring no funds to the table. If your home value appreciates 4% in the next year, that’s a nice return on a no cash investment.

For some time, I’ve considered writing this series for first time buyers to let them know buying a home is easier than they think. But, the more I thought about it, the more I realized the advice I would offer would most likely not reach my target audience. So parents, it is up to you to supply your kids with this last little bit of advice and help to set them free to further establish their independence in this world. Clip this article out and tape it to their iPOD or the steering wheel of their car - someplace it will get noticed.

I think for most of us who have been through the experience, our first home buy was a very daunting experience. There are so many choices and unknowns - it can be overwhelming. In this series, I will try to break it down the process into small logical steps and make it easier understand the steps involved in financing your first home. Where do you start? That is perhaps the easiest part. Our newly established worker should first make a list of all his or her debt obligations such as student loans (unless deferred), car payments, credit card debt, etc. Hopefully at this age, this will be a small list. Then add what you think amount you could afford for a mortgage. Take that amount and divide it by your gross monthly income. If you come in at 43% or less, you’re in business. If you have something in your savings or checking - great. If not, don’t let it deter you. You have options.

Contact a mortgage specialist to drill out the details and find a good realtor who knows your market for housing you can afford. What next? Get ready to tell your landlord “Adios!.”



Repossession

Unfavourable conditions in life don’t come with pre-calling and pre-planning. But, you have to be prompt enough to deal with all situations predominantly. People are often seen entangled into financial difficulties creating havoc in their life. Sometimes, financial situations are so gruelling that you fall in dire need of selling your property, and get some cash. And, there are greater possibilities that you are surrounded by buyers giving you minuscule amount in return of getting your property/house. Quick house sale, thus, in UK has become widely in vogue. The selling method helps you greatly in getting appropriate amount of money of your house which you want to sell.

The facility of quick house selling is ideal for those homeowners who are in urgent need of selling their home. Reasons for selling their home may be numerous. It may be possible that you are having financial hard-up, as you have to pay off a mortgage. You might get some some more tough situations than it. Another reason may be that you are about to migrate to other country, and you have to sell off your house in pre-determined period. This is where the method of quick house sale comes greatly in handy.

It helps you in selling your property/house in very small time frame. It doesn’t mean that you will be paid a poor amount of money for your house. It is not that. You get the true value of your house. In UK, there are numerous of quick house sale agencies which provide this facility to their customers. Important to add, their service is totally free of any charge and obligation. Once you have sold your house, there are options that you can rent back or buy back the house. Availing this service you all need to do is some online research, and seek a good agency in your area. The best you can do to compare the various price of your house you are being offered by many agencies. And, finally go for the one paying you better.



Sell House Quick