The 50 year old first time home buyer

By
Real Estate Agent with Bakersfield Property Solutions BRE# 01454127

This morning I will be showing homes to a long time friend.

She called yesterday and told me that after being a renter for 30+ years she is finally ready to buy a home. We have talked many times about the possibility of her purchasing a home but there was always uncertainty with regard to income, employment or other personal issues.

On her own she has sought out a lender and been pre-approved.

Her $80,000 preapproval will allow her to buy a home in Bakersfield CA and her payment will be less than the rent she is currently paying. 

She has lived in her current apartment for a number of years and she has calculated that over the time she has been there she has paid her landlord $90,000. That is certainly a strong motivator to think about purchasing.

I am looking forward to our time together today.

It is never too late to become a first time home buyer.

 

Posted by

Robert Savage

Bakersfield Property Solutions
6501 Fruitvale Avenue
Bakersfield, CA 93308

(661) 393-4663

Robert Savage is the owner/broker of Bakersfield Property Solutions, a full service real estate sales and property management company (Bakersfield property manager) located in Bakersfield, CA. We specialize in Bakersfield short sales, Bakersfield reo and bank owned properties and Bakersfield rental houses.

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Ambassador
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Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Best wishes for a very successful day. Probably a good time to buy.

May 07, 2011 02:43 AM #1
Rainmaker
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Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

It is always great when someone can figure out that it is a great investment for them to buy instead of continuing to rent.  It may have taken her a little longer to figure it out, but like you said, she initiated the process on her own!  Good luck in finding her a place of her own.

May 07, 2011 02:47 AM #2
Rainmaker
163,071
Lorinda Ward
Keffer Realty - Norfolk, VA
Serving, Hampton Roads Virginia. Norfolk, Chesapeake, Va Beach

I had a couple that was a little older than that when they decided to stop renting, they also lived in the same house for many years.

May 07, 2011 02:51 AM #3
Rainer
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Carol Hamilton
Prudential Ambassador - Omaha, NE
Prudential, Real Estate, Omaha, NE

It certainly does help to put it in terms of how much money they have already paid to help line someone else's pockets instead of their own.  Congrats to your buyer!!

May 07, 2011 03:35 AM #4
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Robert Savage

Bakersfield Short Sales, Property Management, Cash
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