Things to consider when buying a home

Buying an apartment or house is a big step for all of us. With so many things to consider and an often tricky, long process ahead, having help from an expert can be a welcome intervention!

Real estate mogul Samantha DeBianchi, star of Bravo’s Million Dollar Listing has all the answers to your homeowning questions. One of the more interesting trends over the past few years in real estate has been single women buying homes. In fact, single women are the number two demographic when it comes to homeownership, just slightly behind families.  This trend shouldn’t really surprise anyone. After all, over the last 50 years the women’s movement has picked up incredible momentum and continues going strong. Therefore, it’s only natural that single women should make what is perhaps one of the best investments out there. Owing a home is practical for a lot of reasons, but unlike other purchases that depreciate overtime, the typical home in America continues to increase in value by roughly five percent each year.

Check out Samantha's top tips for the home purchasing process below!

Don’t rush the decision

I’ve seen it countless times. I take a buyer to see a property and before we walk out they are ready to sign the contract and put down a deposit. Sure this thrills me as an agent trying to make a living, but I always encourage my clients to sit on it for a day. The reality is that purchasing a home isn’t the same thing as buying a $90 outfit from Macys that you can easily return. Ask yourself some tough questions and answer honestly. Do you see yourself staying in this home for at least five years? Will it work if you meet the man of your dreams?  Does the location fit your lifestyle? Are there more pros to cons for making this purchase? Make sure and really think it through.

Are you financially ready? 

By far, one of the biggest mistakes I see single women make in the home buying process is they only consider the price of the home.  There’s a lot more to it than that and the sticker price is just the beginning. Don’t forget about property taxes, insurance, moving costs, utilities, repairs, attorney fees and more.  Also remember you’re going to need a considerable down payment. At least 20% is recommended to avoid private mortgage insurance, lower the monthly payment and reduce closing costs. At the same time, the stronger your credit and the better shape of your own financial house, the more attractive you’re going to look to the banks for financing.

An inspection is a must

An inspection is a must. It is never something to skip even if you have to foot the bill. I’ve watched too many women be swindled by a smooth talker who convinced them an inspection wasn’t necessary. You’ll hear things like, “I’ve maintained the property in tip-top shape from day one,” or “I just recently had the home checked from floor to ceiling and everything checked out just fine.” Even if the inspection doesn’t find anything significant, you’ve given yourself peace of mind by having one. If it does find something, try to get concessions from the seller to fix the problems.

Safety is paramount 

Safety is always important but especially when you’re a single woman living by yourself. Even if an area looks safe, do your research. Are there any registered sex offenders living nearby? What is the vibe at night like? Lookup area crime statistics online. Speak with several neighbors or the local police station to get an honest assessment of the neighborhood and crime rates. Most important: always follow your gut instinct. If it doesn’t feel safe or it just gives you a bad feeling, walk away from it because you’re probably right.

Always be honest with yourself

You’ve seen me sell some multi-million dollar mansions on Million Dollar Listing Miami, but just because my typical client is a professional athlete, successful entrepreneur or celebrity who can afford such a purchase, the truth is most people can’t and shouldn’t consider it. Sometimes the banks don’t help with this because they’ll lend you more than they should. Remember, you don’t have to use every dollar the bank is willing to give you.  When you decide to buy a home, leave your emotional side at home and think logically.  Be honest about your price range and what you can and can’t afford. Remember that price and square footage isn’t everything.  What you do with a home can make it beautiful and special, too.

The housing market is expected to be red hot in 2016. If you’re considering homeownership, now is the time to make your move. The most important thing to remember is to play it smart. If you do, you can find the place of your dreams and know that you’ve made one of the best investments money can buy.

Samantha DeBianchi is founder and CEO of DeBianchi Real Estate in South Florida. She also stared on Bravo’s Million Dollar Listing Miami. 

My Career: Jaime Petkanics, The Prepary

Are you in need of career advice, tips on how to improve your resume or how to successfully expand your network? Then look no further than The Prepary! Founded by Jaime Petkanics earlier this year, The Prepary provides advice for the modern job seeker and professional all under one roof.

Read on for an exclusive chat with Jaime and to learn how you could receive some personal career advice!


What difficulties did you face when starting out in your career? 

My first big challenge was actually finding a full time job, like so many others! I graduated from NYU in May and launched my job search early that summer.  I didn't start my first job until that October so needless to say, I started to get a bit panicked as the summer went on.  The toughest part was turning down offers that were good, but didn't feel 100% right.  I'm glad I held out though (and worked part time in the process) because the role I ended up taking was worth waiting for.

What interested you in becoming a recruiter?

During my senior year at NYU, I watched many of my peers go through the campus recruiting process and watched them land Consulting and Investment Banking jobs months and months before graduation.  At first I was a a bit envious that they already had it all figured out, but then it clicked.  I didn't want to be a Consultant or a Banker, but I was really interested in being the person who came to campus and shared information about those opportunities - the campus recruiter role.

After a long search, I landed in my first role as a Campus Recruiting Coordinator and was promoted to a Campus Recruiter role about a year later.  After 3 years in the Finance Industry, I realized I loved recruiting, but wanted to work in an industry I was more passionate about.  That's when I moved into a Recruiter role at Tory Burch - a brand I was incredibly excited about.  I can't say enough about working for a company that excites you.  It makes every day so much more interesting and fulfilling.

What motivated you to establish the Prepary?

As a job seeker, I was very frustrated about the lack of transparency and reliable information around the job search process.  Then, as a recruiter, I was able to see how things worked from "the other side".  I knew that if I could help share that information with job seekers, and if they had a resource (and person) they could trust for advice on this topic, that i'd be able to help more people get jobs.  That's what I am most excited about in launching The Prepary - that it will help more people get their dream jobs.

What are the pros/cons of running a site like the Prepary?

I love running the site and my client business as well because I see it helping people during what can be an extremely frustrating process.  As long as The Prepary can support people and make the experience a little bit less painful, I am thrilled.  So far, I don't see any real cons.  Of course, running your own business is riskier than working a stable job (which I've done for the past 5+ years) so that's definitely one adjustment.

How many requests for help do you receive on a weekly basis?

Depends on the week! At least a few a day.  I work with some people one-on-one to act as a "job search coach" and for others, just help answer random questions as they come up.  I also love hearing from readers about what is on their minds so I can cover the topics in future posts.

What is your long term vision for the Prepary? 

Eventually, I'd like The Prepary to have tools built in that will help people manage and organize their job search and that will automate things that take up tons of time.  Keeping track of all of your contacts and applications can feel like a full time job.  I am definitely interested in making that easier for people!

What is the best career advice you have ever been given?

One piece of great piece career advice I received was around the importance of going above and beyond the call of duty for your coworkers, clients, superiors, etc. My first boss (who is a major mentor for me) had this extreme attention to detail that at first I thought was excessive, but then I realized how valuable it made her to the company.  Go above and beyond and deliver a flawless and reliable work product, and you will quickly get noticed and handed more responsibility.  By doing that, you also make yourself indispensable.  Equally important is to pursue a career path where you're excited to give that 110%, not dreading it.

Political Style is running an exclusive Q&A session in partnership with The Prepary! Jaime will be answering questions exclusively for Political Style readers, with the answers to be published on the site and on Political Style's Twitter feed. 

To submit your question, send an email with 'Prepary Q&A' in the subject line to: politicalstyle@gmail.com 

The closing date for question submissions is the 13th December 2012. 

You can follow The Prepary on Twitter, Facebook and on Pinterest.