Tuesday, May 5, 2009

Can't Afford to Buy a House? Now What?!

A client-friend of mine, Stephanie, was distraught because she got tried to get a pre-approval and because of a nasty divorce situation her credit was shot. She was incredibly depressed about her situation. I sent her the following email. Hope it inspires you with your Plan B!

It's all about building a life to get to where you want to be.
You seem to be the type of person who knows with her whole heart
that we are spirits living in these borrowed bodies.

What you need is a plan. You are at Point A and want to get to Point B.
Does not mean you can get there overnight but if you don't plan you
will never get to Point B (and will miss tons of fun!)

To develop your plan B you need to write down all your HAVES, things you
already have. Start here:

-My credit score is__________, to buy a house it needs to be at least__________________.
-For me to raise my credit score I need to:
1.
2.
3.
4.
5.
-I have $______________ to put for a down payment, to buy a house it needs to be at least _______________.
-For me to save that money I need to:
1.
2.
3.
4.
5.
-What areas/towns am I willing to live in?
-Am I willing to be a landlord?
-Am I willing to live in a condo?
-Am I willing to have roommates?
-What kind of place am I looking for if money were no obstacle? (lots of detail here)

Have fun with this initial list and see how your soul flies with it!

Big hugs,
Mariaaaaaaaaaaaa
:)

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