If you are considering buying a home – especially if your last purchase did not end well, it’s a great time to talk about home ownership with your children. In fact, it’s the perfect time to not only hear what your kids think about buying a home, but also what concerns they might have! As adults we understand the importance of buying a home, but with today’s news having so many negative stories, when it comes to home ownership, this “family” discussion is an important one.
Why are you going back into the home buying market? Depending on your previous experience, this might seem pretty scary to them. Again, as adults, we know that home ownership is an important development step for many children – and while it is an exciting time, especially for children who are 9 to 12 years old, understanding the thought process and the financial decisions will make this an easier transition. [Read more...]