We are in the midst of graduation season, and the celebrations are in full swing. This is an exciting time for both high school and college graduates. While most high school grads may not be thinking of purchasing their first home, college graduates might be considering this purchase as a part of their next chapter in life. There are several items to consider for either during this time. First, and most importantly, will be the buyer’s financial history. As a high school graduate, for the majority, traditional financing will not be available as no credit history has been firmly established. Of course, there will always be exceptions to this rule. However, for both type of grads, renting a home, condo, or apartment offers the benefit of helping build a strong credit history. THECOLLEGEINVESTOR.COM shared, “A lot of college grads are asking themselves a very important question which, if not answered correctly, will have them battling poor financial health for anywhere between 5 to 10 years, or much longer depending on the choice they make. Your first home will provide you with countless memories that can last you a lifetime. However, the question of whether you should buy, or rent is one that needs careful consideration.” We agree and know that outside of financial considerations, renting will allow future buyers to explore a variety of home or condo styles and they will be able to create a list of must-haves for their next house. For those who have the financial resources to purchase a home, this can feel like an exciting time, and it is! It can also feel overwhelming and scary, but it doesn’t have to be. Hiring a trusted, experienced real estate team is key to a successful first-home buyer experience. Our knowledge of local real estate, neighborhoods, parks, and schools will help you make your final decision. We will walk you through open houses and help you think long term when viewing each home. Probably most important to any buyer, is making a competitive offer that is within your budget. You need a realtor with expert negotiating skills who can get you the home you love at a price you can afford. Do you know what you can afford and what price point you must stay below? Did you know there are amazing credits available to first home buyers? There are, and we will

make sure you don’t miss out on any of them! Visiting a mortgage broker before your search begins will save you the heartache of finding your dream home only to find out it is way beyond your means. We recommend contacting John Adams Mortgage Company at (248) 813- 4925 to learn more about finance options available to your unique situation. Hiring Paula Rea-Johnston of The Linda Rea Team to work alongside John Adams Mortgage Company will guarantee your first home buying/leasing experience is a success.

Congratulations to the Class of 2019 in Rochester and surrounding areas! We are proud of your accomplishments and wish you success in all future endeavors. Considering a career in real estate? We want to welcome you to work alongside a member of our team for a day to see if a future in real estate is for you. Call (248) 770-8661 and ask for Paula Rea-Johnston.

Linda Rea