Buying A Home - You've Got To Have Money in the Bank!

Real Estate Agent with Coldwell Banker Preferred Properties

I had someone call me the other day about one of my listings.  She said she didn't like her landlord and wanted to buy a house instead.  She told me all the promises the landlord had made that never came to reality and I really wanted to help her find a house.  In talking to her though, I learned she had no money to put down.  There have been a lot of  ZERO DOWN loans being advertised, but the fact is, you can't buy a home with no money in the bank.

Are you thinking about Buying A Home in Hoover Alabama?  If so, you need to pay off your debts and save for a down payment.  People today have so much debt that they are living paycheck to paycheck, and any time there is an emergency they reach for the credit card.  It started out slowly - I'll get a card in case of emergencies. Then before you know it, your cards are reaching their limit and the interest is killing you.  Fact is, it is just too easy to over spend and put it on the card.

But, you CAN get control of your finances and be able to buy the home of your dreams.  It does take some work, but it will really be worth it in the end.

The first step toward paying off your credit cards is to STOP using them.  Here are a few tips:

Carry Cash - give yourself a weekly cash allowance.  If you spend CASH, you'll be more aware of how much you spend. When the money is gone, it's gone - you will spend less.

Use Debit, Not Credit - if you don't want to carry cash, or you have to have plastic to make a purchase, then use the Debit Card.

Out of Sight, Out of Mind - leave the cards at home; if you don't have the cards with you, you can't use them.

Even if you try to cut up the credit cards, daily you are bombarded with credit card offers - Open a new account with 0% for the first 6 months, then next thing you know it's at 21%. It looks tempting - DON'T DO IT.  You can eliminate those credit card offers (and save trees) by calling the OptOut number 1-888-5-OPTOUT.

Once your debt is paid off, you can start saving the amount you had been paying to credit card debt each month.  You'll be surprised how easy it will be to save up for that down payment.  Soon you will be able to Buy A House in Hoover, Alabama or one of the cities in the greater Birmingham area.

If you would like to see the homes that are available for sale in the Hoover, Alabama, you can click on the "Search the MLS" button on my website. If you want to know more about Buying a Home, contact me at




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Toni Bird

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