Posted by: kgreenrealestate | August 20, 2012

First Time Homebuyers

I’ve recently had a flurry of activity in Buyers and their repeated questions about first time buyer opportunities. This, of course, is a great sign, in the real estate mkt.

With Interest rates at “never been this low” situation, this is my first response to them. FHA and CHFA mortgage insured vehicles are the most popular with first timers.

Rents are high given the supply and demand out there. A 1200/month rent can equate to a nice starter home purchase. So, obviously, it makes perfect sense that renters r out looking, which is exactly where this flurry of activity is being generated from.

To sum up, great opportunities await in the mkt, but head the warning that homes are selling, so hesitation on the buyer’s part is not a good thing….             


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