Philadelphia Event Planners has many couples that are planning a wedding and buying a house at the same time! Buying a house can be both expensive and a stressful time even for the most seasoned of couples. What about those who are willing to make the commitment of purchasing a house before the walk down the aisle? Two-thirds of couples live together at some point before they get married.
It is becoming more common to sign on the dotted line before tying the knot. In the Coldwell Banker Real Estate Survey in 2013 one in four couples between the ages of 18 to 43 bought a home before marriage together, compared to only 14 percent of those 45 years and older. It is an ongoing trend. Even though people are taking longer to marry, they are rushing into buying a house together.
Local realtor, Larry Kilcullen(firstname.lastname@example.org) agrees, and sees this with his clients. This also allows more time to save money for the big day. Not only is buying a house a big feat to tackle, it also can be viewed as a huge milestone in any relationship. The Coldwell Banker survey, reported 80 percent of all married couples who bought a house at any stage in their relationship, including engagement, found their relationship to be stronger. The process also gives the couple’s time to practice their spending and budgeting habits. It allows the couples to look at their financial situations and discuss where things need to be cut or added to the budget. Couples also learn through the search for a house the differences in opinion of their partners, this leads to discussions and how to work it out.
Buying a house before marriage is not for everyone. Those that live in the southern portion of the United States are 60 percent more likely to marry first, then obtain a mortgage second. “We have heard from our clients that it is not unusual to be planning a wedding and buying a house at the same time” says Karen Pecora. There are some cases where the bride is selling her house then moving in with the groom and vice versa.
So what do majority of the couples decide to do? In America, 75% percent of the couples decided to wait until marriage before buying the dream house together. Buying a house before marriage is situational, and heavily depends on the couple’s position. It is something you must sit down along side your partner and discuss, before taking steps forward until the big wedding day.
Buying a house is similar to planning a wedding. First step is to assemble the right team. As the wedding experts , our clients here ask us to help them figure out the budget, find a venue, and prioritize. Working with a real estate agent offers the same luxury, insurance, and reduces stress! Karen and Larry agree that part of the pleasure of what they do is helping the people they meet along the way. Couples who need help navigating the house buying process should give Larry a call at 610-316-3900. Quite like we as planners help clients navigate through the options, Larry can do the same! He will help you in buying a house to live your “happily ever after”.
Enjoy the house hunting!