The Star-News

Single ladies buying homes

Sat, Jan 22 2011 12:00 PM Posted By: Special To The Star-news

More single women than men in position to buy real estate

special to the star-news

(NAPS) - Almost twice as many single women (20 percent) are buying homes than single men (12 percent), according to the National Association of Realtors. The reason? Because they can.

Even in the midst of a challenging economy, women are poised for success. It's the first time women make up more than 50 percent of the workforce.

According to Bev Thorne, chief marketing officer for Century 21 Real Estate LLC, these tips will help female home-buyers:

* Make a list of what's important to you. Focus your search on finding a property that will meet your needs today and in the future. Fifty-one percent of single female homebuyers in 2010 said proximity and convenience to their job was most important in terms of location.

* Frugal habits pay off in the long run. Thirty-five percent of single female homebuyers in 2010 cited cutting spending on luxury and nonessential items as a sacrifice they made toward saving for their home.

* Know what you'll be paying for. If you're used to renting and having a landlord cover costs of standard yard and home maintenance, you'll need to anticipate new expenses, such as landscaping and garbage removal. Use the mortgage calculator tool on www.century21. com to calculate your monthly payments.

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