When is the right time to buy your first home? It's a common thing to be pressured by family and peers in considering the right age to buy your own property. Some people are eager and ready enough to fulfill this American dream early while in their 20s. But others may want to take their time—nice and slow—and buy a house after they reached their 30s. For many people, this age means becoming more responsible and mature enough in dealing with their actions, decisions, as well as their finances.
Here are some of the reasons why it makes sense to buy your first home in your 30s:
1. You're secure enough in your job to make big financial commitments.
Job security is an important factor that lenders take into account when borrowers apply for a mortgage loan. They want to see a solid history of employment and a steady flow of income that will help pay for the loan. While it's never easy to find a job that you can see yourself doing for a long time, many of those who are in their 20s are still figuring out what they really want to do. Many are still hopping from one job to another to look for “the one” and settle in the industry that they really love. And while they’re in the early stages of their career, it may be difficult for them to provide a stable work history. Those career-building years also typically mean they will be looking for a promotion or a job change that might require them to relocate.
For many people who are in their 30s, they’ve already reached the point where they have a secure job and are gradually establishing their careers. That puts them at a greater advantage when they take a plunge into homeownership. They are likely making much more than they were in their 20s, which makes big purchases like buying a home less difficult.
2. You've fully learned the value of money.
While in your 20s, you must have spent most of your money on many unnecessary expenditures—buying specialty coffees, eating out on new restaurants on weekends, or getting new gadgets every now and then. Well, we've all enjoyed that phase of our lives anyway. But as you grow older, you realize that those things won’t really help you build up your wealth. You’ve now learned how to handle your money responsibly and become more conscious on where you spend your hard-earned cash. You treat yourself only once a month and on special occasions, which helps to gradually build up your savings.
Being in your 30s likely means you’ve already paid down most of the debts you accumulated in your younger years, like student loans, car loans, and credit card debt. It’s important that you’ve reduced your debts first before making bigger financial commitments such as a home purchase. Banks will be more willing to approve you for a loan if they see that you handled your debt payments successfully and that they don’t eat up most of your income.
3. You've built up a good credit score needed to apply for a mortgage loan.
Your credit score is crucial when applying for a mortgage loan because lenders will use it to evaluate your capability as a borrower. For many young people, it's a common scenario to get rejected for a mortgage because of a bad credit score. Waiting until your 30s to buy your first home gives you time to build up your credit so it will only show what lenders would like to see. And as you grow older and wiser enough in handling your finances carefully, there’s a good chance that you’ve established a good credit history which makes you an ideal borrower.
4. You have saved enough for a down payment.
Buying your first home in your 30s gives you more time to put cash aside specifically for a down payment. Putting in the ideal 20 percent down will put you in a good position to qualify for a low-interest mortgage loan. And while you can buy a home even without putting 20 percent down through various grants and programs available, you still need to ensure that you have a significant amount of money that you can use for other costs associated with homeownership. There's the closing costs, repairs and maintenance, HOA fees, homeowners insurance, etc. The last thing you would want is to be house poor when you're already a homeowner.
Those who are solidly in their 30s are more likely to achieve that significant amount of money given their years of earning and saving. You will not exhaust all your funds after spending a large amount and you will also be able to replenish your savings and have enough funds for any unexpected emergency, health issues, and travel and leisure expenses.
5. You know (more or less) where you want to settle down.
After years of renting and moving in several cities or states, by 30, you may already have decided where you would want to settle down and raise your family. You already have a clearer idea of what you're looking for in a long-term home. It can be somewhere near your current workplace, or in a suburb where you can have a house with a bigger backyard.
6. You have a clearer view of your priorities.
Similar to deciding where you want to settle down, when you are in your 30s, you are now fully aware of your priorities. It's by this time that you must have realized that you really want to be a homeowner, which can help you build stability and equity. You must have decided about the type of house you want to buy, planned out your budget, and reviewed all other aspects related to homeownership. If you're not the type to tackle necessary DIY projects, then you know that you need to buy a move-in ready home or a new construction. This can be fairly difficult for young people who are still weighing their priorities and figuring out their life commitments.
7. You're knowledgeable enough about life after years of experiences.
Like what they always say: experience is the best teacher. As you get older, you also get wiser in knowing many of the technical things you didn't know you’d care about when you’re relatively younger. Your young and carefree years may be going away faster than you think, but surely there are valuable lessons gained along the way. Terms like inflation, insurance, real estate, mortgage, and whatnots are just some of the things you will start to care about.
And as you meet different people from all walks of life and take on more responsibilities, you also learn how to communicate effectively. You’ll know when to agree, prove your point, or when to compromise, which is crucial when negotiating for the house you want. Talk about adulting!
They say age doesn't matter. Well, maybe it does when it comes to buying a house, which is a major financial decision that needs to be carefully considered and planned. Buying a home before reaching your 30s is definitely a great achievement as long as you're handling your finances well. But waiting a few more years until in your 30s is a better idea if you want to be as prepared as possible, especially in building up your credit and savings. Think of it as your edge compared to those who rushed things to buy a home. Aside from that, you must have already read hundreds of tips and guides about real estate and the home buying process. Those preparations definitely help you become all set to have a place you can call your own.

Dear
- you're in great hands -
Meet

Proven Track Record
Service
Knowledge
Integrity
An MAI of 30 is typically balanced; over 30 is a seller's market, under 30 is a buyer's market.
Buyer markets
Seller markets
View current market trends
Processes
1
Consultation

2
Pre-Approval

3
Property tours

4
Write offer

5
Under Contract or Escrow

6
Appraisal

7
Inspections

8
Closing

Unique Value I Provide My Clients
Professional Network
Price Range
Beds & Baths
Property Types
Raving Reviews
Review has been shortened using AI, click the review to read the full review.
Review has been shortened using AI.
Loyalty
Reviewing each others roles and responsibilities as we embark on the next steps of your home-buying journey is how we can decide if we are ready to be loyal to one another.
Counseling Session Activities
- Prepare the buyer for executing a buyer representation agreement
- Explain agency relationships to the buyer and get state required legal consent to represent, if needed
- Inform the buyer of working relationship based on state law, the REALTORS® Code of Ethics, and the broker’s business policies
Building a Relationship
- Learn the buyer’s wants and non-negotiable needs
- Understand the buyer’s budget and what will be needed financially
- Help the buyer understand what property their chosen budget will buy
- Consider having the buyer fill out a homebuyer’s checklist
- Assist the buyer in examining how much they can afford to spend
- Provide quality lender resources
- Partner with the buyer to locate suitable properties for consideration
- Match the buyer’s needs with available property
- Constantly re-evaluate buyer’s needs and refocus property showings to fit those needs
- After ensuring the buyer understands what is done for them, how it is done,and the benefit to them, obtain signatures on the buyer representation agreement
- Explain how compensation is paid, who pays it, and what the buyer’s options are for paying it
Educating the Buyer
- Communicate the working relationship based on state law, the REALTORS® Code of Ethics, and the broker’s business policies
- Explain Federal and State Fair Housing laws
- Explain what to look for in applicable property disclosures
- Reassure the buyer that their personal information will remain confidential
- Inform the buyer that you will always disclose all known material defects
- In accordance with state law, provide information on checking the sex-offender registry and crime statistics for the neighborhood
- Discuss available resources that the buyer can check to learn more about prospective neighborhoods

Preparing the Buyer
- Explain the timeline for house hunting, mortgage approval, and closing
- Explain the local market and how it impacts the buyer
- Show statistics on what percentage of list price sellers in the area are currentlyreceiving
- Inform the buyer on what home features are popular
- Identify current average days on market
- Share the dangers of using the price per square foot to figure home values
- Explain the concept of absorption rate and how it impacts the buying process
- Indicate current listing months of market inventory
- Share estimated potential out-of-pocket costs to complete the transaction
- Assist the buyer in analyzing the loan estimates
- Qualify the buyer for financial ability to purchase
- Help the buyer account for the complete costs of homeownership
- Prepare lender for listing agent calls
- Assist in comparing different financing options
- Help the buyer select for viewing only those homes that fit their needs
- Proceed in showing homes that fit the buyer’s must-haves
- Caution the buyer on posting information to social media
- Review the sample sales contract so the buyer is prepared when it comes time to make an offer
Showing Properties
- Schedule showings and provide access to all listed properties as soon as they become available in their local MLS broker marketplaces
- Educate the buyer on the immediacy of new listings appearing in their local MLS broker marketplaces and the lag time for them to appear on some websites
- Collaborate with the buyer on properties they may have learned about through their sphere contacts
- Research and assist on all unlisted properties the buyer wishes to see
- Preview properties prior to showing if needed
- Network with other agents to source properties not yet in their local MLS broker marketplaces
- Contact homeowners in focus areas to see if they are considering selling
- Set up an automated email alert system through their local MLS broker marketplaces that immediately notifies the buyer of properties that fit discussed requirements
- Arrange a tour of areas, schools, and key points of interest
- Provide resources containing neighborhood information on municipal services,schools, etc.
- Inform the buyer of negative aspects like nearby venues or operations that may result in issues that could impact value
- Collect and share any other vital information on available homes, remembering to follow all fair housing laws at all times
- Check applicable zoning and building restrictions
- Help the buyer decipher public property and tax information
- Collect and share pertinent data on values, taxes, utility costs, etc.
- Compare each property shown to the buyer’s wants and needs list and remind them of what they were looking for
- Help the buyer narrow the search until the buyer identifies top choices
Negotiating Offers
- Assist the buyer in getting the best property at the best price
- Suggest that the buyer learn more about the neighborhood prior to makingan offer
- Prepare a comparative market analysis (CMA) in advance of making an offer
- Prepare the buyer to have the most attractive offer in the current marketplace
- Explain common contract contingencies and include approved protective clauses in the purchase offer
- Ensure that the buyer receives and understands all state and federally-required disclosure forms
- Prioritize contract negotiation goals with the buyer
- Help create a negotiating strategy
- Use strategies such as an escalation clause to maintain a competitive offer
- Prepare the buyer for a multiple offer situation and develop negotiation strategies
- Write an offer that has a reasonable chance of being accepted
- Recommend optional contingencies and explain the pros and cons of using them
- Provide information on purchasing incentives that may be available
- Discuss financing alternatives
- Negotiate the buyer’s offers to arrive at the best price and terms
- Utilize hyperlocal expertise and strong communication skills to assist the buyer in being the successful offer

Let's Chat.
I look forward to working with you.

Thank you!
This is only the beginning of an exciting journey to a bright and shining new future. And it's only the beginning of our commitment to servicing your every real estate need. Thank you for the opportunity to help you find your perfect home!

Starting August 17th, 2024

By Signing the Agreement to Partner with an Agent
