Financial Advising for Home Buyers

The decision to buy a house can be a stressful one, full of contradictions. Buying a house could easily be both: 1) the biggest check you'll ever write and 2) the most powerful wealth-building tool in your financial toolkit. But with house-buying being such a hallmark milestone in grown-up life, it's easy to get caught up in the excitement of feeling like a "real adult" to the point that it's uncomfortable or embarrassing to pause and ask for some mentorship and a second opinion.

Here are some typical questions we hear from our home-buying clients:

• My parents bought a house in the 'burbs when they were both 23 years old and lived off one income, but that seems impossible nowadays. What am I missing here?

• How do I borrow the money to buy a house? And what is this about rising interest rates?

• I hear everyone talking about "bidding wars" and houses "going for way over the asking price". Should I just offer a crazy numbers in order to get a house already?

• What does the house-buying process and timeline look like? Does the house belong to me once the seller accepts my offer?

Magnolia Money advisors can provide a judgement-free environment to talk through confusions like these. We can guide you into determining for yourself if home ownership is the right path for the stage of life you're in, and the smartest ways to achieve it. Contact us via phone, email, or social media to learn more, or to schedule a free no-commitment 30-minute consultation.

Note: Magnolia Money itself is not a real estate agency, broker, or mortgage lender, but would be happy to provide referrals to such entities.