Why should you buy a home?

My Journey: A Teenage Dream

I always wanted to own a home, way before I was able to purchase one. My parents purchased our family home when I was 13 years old. My mom was 45 and my dad was 50 years old. They bought land a worked with relatives—who happened to be contractors—to build the home. They spent approximately $15,000 by the time they finished building the house. The year was 1969. Adjusted for inflation, they spent about $136,853 creating a world of possibility for me and my siblings.

As a child, even though I shared a bedroom with my sisters—in fact, up until I moved out, I shared that room with at least two sisters--I was so excited to move into a home, a place of my own. I was filled with a sense of pride and security. Today, that home is still standing, and one of my brothers lives there with his family—proof that homeownership can benefit generations.

What Homeownership Can Mean for You

Now that you know my story, let me share what owning a home can mean to you.

• Security & Stability: Roommates from online ads, rising rents, punitive fees and lengthy leases, the stress of finding a new place with impromptu chances. These headaches are things of the past when you get a place that’s truly yours.
• Freedom: Paint your walls, tear out carpet, remodel the kitchen. There’s so many ways to express yourself, to create a brighter mood and energy, while you’re building equity in your new home.
• Taste: There are so many kinds of homes, configurations and amenities: Tudor-Style, a Craftsman- style, Ranch Style, ADUs, solar powered, . Although buying a home can be a huge undertaking, with some homework, you can find the home that best fits you.
• Wealth-building: Not only is homeownership a tried-and-true way for people to build wealth, owning a home can inspire you to invest financially in other ways.

Myth: You Need 20% Down

The number-one myth holding people back is the idea that you need a 20% down payment. That simply is not true.

When I bought my first home in 1983, I was a first-time buyer with very little money saved. I understand what it feels like to want a home but think you may not have enough.

Let me reassure you:

There are down payment assistance programs, first-time buyer loans, and creative options designed to help you get into a home sooner than you may think.

Don’t have savings yet? Don’t let that stop you from learning your options. 

Let’s Talk About Your Homeownership Journey

Every homeownership journey starts somewhere. It’d be honor to have your journey start with me.

Whether you need help with down payment assistance, want to take a first-time homebuyer’s class for credit with a lender, or just need someone to help alleviate your homebuying anxiety, let’s talk! Reach out to me any way you like to discuss your goals, your questions, and what’s possible for you today—not later.

With care,

Eloise

(510) 386-0547 (Call/Text)

eloise@homesbyeloise.com (Email)