A divorce can be traumatic, stressful, and complicated event.  Once the dust settles and the divorce in final, an ex-spouse, or both spouses, must search and establish a new home.  A new home signifies a new fresh start and security for your family.  It is important for new homeowners to purchase a home the correct way, and this means making sure you are financial capable of taking on this responsibility. Below are some great tips on your next step in life.

#1 Location is Important for All Family Members

Divorces can trigger lifestyle changes that affect everyone in the family, especially children. Finding a home is important for every family member, and the location of the house is the first step to making sure your house is comfortable and affordable. Most often, new divorcees want to stay local because it is familiar, and children would not have to adapt to a new home, friends or school; life can remain relatively the same. This may be a great option for most families, but sometimes going from two incomes to one can force you to relocate more affordable area.

#2 Can I Afford a New House?

A great first step is getting prequalified to see if you can afford a home.  In some cases, new divorcees have never purchased a house, so it is crucial to be well-informed before you buy a home. The classes at EducateHomeBuyers.org help you understand the in’s and out’s of purchasing a home.

Think about creating a budget, saving money, and be flexible while house hunting.

#3 What About My Surroundings?

The environment of where your house is located is also important. Explore the neighborhood, crime statistics and the schools.  The OSPI website is a great way to find detailed information about the education provided in a specific area.  Good school districts are in high demand by home buyers!

#4 Does Insurance Matter?

Homeowners insurance is required by mortgage providers. Also, you will need life insurance and a beneficiary in case something happens. It is helpful to plan for a devastating event, such as a disability or death, that would impact yourself and your children. Protecting your assets is extremely important.

#5 How Can I Make My House Comfortable?

New homeowners should think of a new house as a new start. Find a safe space for yourself and your children and engage in a healthy routine once you are established. Do not focus on memories of the past and instead, focus on building for your future.  Get to know your neighbors, being social, and exploring your environment will help you start a new life.

EducateHomeBuyers.org and Curt Tiedeman (NMLS 35554) with Caliber Home loans can help you transition into your new life.  Sign up for a free class or have Curt run the numbers for you (no credit check).  www.HomeLoansByCurt.com or 206-650-4202.

Source by Philip Smith Burnham II