Did You Get Engaged Over The Holidays? Why Not Use Your Wedding To Buy Your First Home?

By
Real Estate Agent with Better Homes and Gardens Rand Realty
Congratulations to all you newly engaged couples.  It is an exciting time for you as you plan your weddings and futures together.  

engagement rign

I have been promoting a wonderful way to enrich your future by using the good will and encouragement of your family and friends to help fund the purchase of your first home.  No you don't have to ask them for handouts, you just have to ask your guests to provide you with a gift of money in place of the shower and wedding gifts they would normally give to you.  How many of you actually need a set of china for 12 or a $300.00 bedding ensemble?  In my area of the country, most people budget $25 to $50 for a shower gift and $75 to $100 for a wedding gift.  For a guest list of 100 people (this example assumes 50 couples), that can mean $1250 to $2500 from the shower and $3750 to $5000 for the wedding. Yes, you can take these gifts and place them in an account specifically for use in your home purchase. With a nest egg of $5000 to $7500 or more depending on your circumstances you can be in great shape start your journey towards your own home.  

For those of you in the Middletown NY area, I will be at a Bridal Fair this Sunday, January 18th at Tiffany's Catering in the Holiday Inn at 68 Crystal Run Road from 1:00 PM to 4 :00 PM.  I would love to meet you and explain a bit more about this program.  You will receive favors, taste hors d'oeuvres, and learn about the many bridal services in the area. There will be a fashion show with the latest designed gowns will be presented along with live entertainment. You can win some great prizes too.

Good luck to you as you begin your journey through life together.  I hope that I have given you some idea of how this exciting milestone can be a great foundation for all your tomorrows.

  


There are options here in the Greater Hudson Valley of NY to meet everyone's needs.  Working with an experienced buyer's agent can help you find the perfect first home.  If you are looking for a home in Orange, Ulster, or Sullivan County NY I would love to be your Buyer's Agent.  If you are looking elsewhere I would love to find someone in your chosen location to help you.  Give me a call or send an email today.

I'm Paddy Pizappi - Work with me and You'll be Happy!
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jan 18 2009

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Rainmaker
565,568
Mike Saunders
Lanier Partners - Athens, GA

Paddy - great idea, reminds of the old practice of the money tree at the weddings and showers instead of gifts.

Jan 14, 2009 12:39 AM #1
Rainer
268,456
South Austin Real Estate Blog
Sky Realty South Austin - Austin, TX

HI Paddy.  having a booth at the Bridal show is an excellent idea, I wanted to do that here once but the cost was over my budget .. I wish you much success .. and don't forget maybe mom and dad will want to downsize too.. if they are becoming empty nesters.

Jan 14, 2009 12:43 AM #2
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C Tann-Starr
Tann Starr & Associates, Inc. - Palm Bay, FL

What an awesome idea. I hope you get lots of visitors and I look forward to hearing how your day goes. Make sure you take lots of pictures at your event. You know how much I love my eue candy! Enjoy your day, Paddy. Love, C.

Jan 14, 2009 01:14 AM #3
Rainer
64,171
Amy Salisbury
Leading Edge Properties - Charles Town, WV
West Virginia Realtor/Jefferson/Berkeley

Paddy - what a creative marketer you are!  Excellent idea, looking forward to hearing how you do!

Jan 14, 2009 02:49 AM #4
Rainer
116,722
Bo Hussung
Bell Title /Triserv LLC - Nashvle, TN

Paddy, why not?

Newly weds need houses too. Hey my wife and I got engaged and married in December.....24 years ago, but that does not preclude us from a new home, just not our first one. :)

Great market. I hope you are hitting the bridal shows, etc with this idea. It could get a lot of coverage!

Bo

Jan 14, 2009 03:23 AM #5
Rainer
295,550
Stephen Kappre
KW Hometown - Mantua, NJ
Helping You Home

Paddy - I don't know if you are aware, but FHA recognizes such a "pool" of money.  Great idea- and HEY, they can combine it with their tax refund. Great ideas!

Jan 14, 2009 10:12 AM #6
Rainmaker
2,772,745
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Paddy, I think this is brilliant!  People spend so much on their weddings, I personally would rather save it for a down payment.  Good luck and let us know how it works out.

Jan 14, 2009 02:36 PM #7
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Paddy terrific idea, I see you are thinking outside of the box.  I hope the event will be well attended.

Jan 14, 2009 04:06 PM #8
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Paddy, Good luck with your marketing idea. Good to see you back here in the rain...

~~ Your friend in Brentwood, TN - Michael

Jan 14, 2009 07:51 PM #9
Rainer
105,629
Teresa Harris
Lake Real Estate, LLC - Denver, NC
Denver . Lake Norman . Charlotte

WOW Paddy, what a concept!! You are so right though... why not make the most of the event to help assist you in a way to really get your life started together. Have the wedding of your dreams and that wedding will in-turn help you purchase a home. It's really a concept of having your cake and eating it too. ... It's about working more efficiently! Maybe need to hook-up with some wedding planners?!?!?!?

Jan 14, 2009 11:41 PM #10
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Paddy (Patricia) Pizappi

Real Estate Associate Broker Hudson Valley NY
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