Dreaming of Home: The Sweetness of Homeownership Amid Challenges

It is charming to have a place you call home. Owning a house is just one way of the pursuit of happiness for us and our families. We all wish that one day we shall become homeowners. How sweet is it when we spend every night and wake up every morning without worrying about paying rent? However, buying a residence is not as simple as waking up early in the morning and driving to your nearest mall to do some shopping. Every time we come across a beautiful house, we become so excited, and sometimes we desire to be the owners. Our dream to become homeowners could be cumbersome if we don't know the process of buying a house. Today I feel privileged to take you through 3 major steps that will help you own a residence in the future.

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The first step that you should examine is your financial status. We all dream to live in those magnificent mansions, and bungalows we see on social media or come across them by coincidence, but we have to consider whether we can afford them. We have to examine our monthly earnings and the loans we can afford to pay. We should always apply for a moderate amount of mortgage. According to Conlan (1), it is advisable to avoid huge debts because they can cripple you to venture into new opportunities in the future. What is the need of accumulating huge debts that you cannot afford to pay? Lenders recommend that when applying for a mortgage one should have saved at least 20% of the cost of the house Conlan (1). Moreover, it is prudent to take a loan of not more than 3 times your annual household income. However, you should not burden yourselves with doing all those calculations. Lenders are always available to help us review our financial viability. I just believe that some you already know their worth and they are waiting for the next step.

As I said earlier, looking for a house to buy is no simple task. It could cost you days, weeks or even months if you to do it by yourself. But you don't have to do that because there are agents to do that job for you. Therefore, this step involves finding the right real estate agents. Why do we need real estate agents? They have a good knowledge of the process of buying a home, they have unmatched negotiating skills, and they are familiar with the areas you prefer. Don't worry about the extra expenses because they are paid by sellers through commission. The agents give different choices, and it is upon you to inspect every corner of the building, and don't forget to check the plumbing installations, the electrical systems, doors, and windows, and whether the house fulfills your taste and satisfaction. Moreover, a home inspection helps you to know whether there are any structural damages in the building. The real estate agents assist in finding the appropriate inspector who examines the house and provides a report to both seller and the buyer the house before making any offers to the seller. Such inspections are important because they provide a base to renegotiate offers or withdraw them without penalty (Mann 1). I am certain that you are enthusiastic about owning a house, and you eager to close the sale for your dream house. Therefore, let me take you through the last step.

The third step involves closing the sale. By this time, we should be apprehending the exact amount of money we require to purchase the house. Lenders will intervene to solve our financial woes by providing a wide range of loan programs. However, we all have different preferences for loan payment. The lenders must hire appraisal services to ascertain the value of the house (Mann 1). You better be scared not to default because they could resell your house. I hope that would never happen to anyone among us. Besides, buying a house requires much paperwork. I am afraid that most people hardly enough time to go through those papers. The lenders handle all the paper works for their clients and they make sure that you buy the house from the rightful owner. Your work as a buyer is just to sign the paper works and the loan documents. Once the loan has been processed and the seller receives the money you cease to be a tenant, and you are ready to move into your dream come true house (Daily 1).

As I conclude, I believe you are now ready to chase that dream of becoming a homeowner than ever before. I am confident that this knowledge will not only help you but also your parents, relatives, friends, and the communities around you. A good, safe, and secure home is an ingredient of a real happy life. I hope we now know how to own such a home. Thank you for listening. May God bless you.

Work Cited

Conlan, Mark. "How to Buy a House." Nytimes.com. N.p., 2017. Web. 2 Oct. 2019.

Mann, Nancy. "Here's Exactly What it Takes to Buy a House." House Beautiful. N.p., 2019. Web. 2 Oct. 2019.

Daily, Kate. "Understanding the Process of Buying a House." ToughNickel. N.p., 2019. Web. 2 Oct. 2019.