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The Single Girl's Guide to Buying A Home

"Many unmarried women don't think they're ready to
make such a major purchase," says Ilona Bray, co-author
of Nolo's Essential Guide to Buying Your First Home. To
ease the intimidation factor, she debunks three big fears:

  • I'LL FEEL ISOLATED
    If you're
    nervous that living in a home
    by yourself will separate you
    from your friends, remember:
    Your investment should fit
    your lifestyle starting today.
    Moving to the burbs might
    give you more for your money,
    but many single women are
    happier trading extra space
    for a better social life. If this is
    you, look at areas near pals,
    shopping, jogging trails, and
    restaurants, says Bray.
  • I WON'T FEEL SAFE ON MY
    OWN

    You may think you're
    more secure in a big apartment
    building, but with a little
    research, you can find a house
    and neighborhood that make
    you feel comfortable, says
    Bray. Seek out a second opinion
    (other than your Realtor's)
    by talking to residents and
    contacting your local police
    precinct for crime stats. "Also
    look at the layout," she says.
    "If a place has easy points of
    entry-like a glass front door
    or low windows-pass on it."
  • I WON'T BE ABLE TO RESELL
    IT

    Chances are you'll
    eventually change cities,
    switch jobs, get married, or
    find a space you love more, so
    you do need to consider resale
    potential before you sign. One
    surefire way? Make sure your
    mortgage doesn't have a
    pre-pay penalty, says Bray.
    Then you won't be fined for
    paying it off early.

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