Lots of activity! Not only are the normal buyers going to be out shopping for a home this Spring but also those pent up buyers that were unmotivated with the extreme weather conditions this past winter. Additionally the institutional investors that were buying up all the lower priced single family homes are getting full and no longer biting at the chops for more investments. In fact, many realized after this year’s extreme temperatures that owning unoccupied homes has its challenges with freezing pipes and maintenance nightmares. What does this mean? Inventory for the first time home buyers just got better! Did you know that it is 38% cheaper to own a home vs. renting a home?
Sure it takes some will power to save for the down payment and closing costs but when all said and done, the return on investment for owning a home outweighs all other investments.
So what should you do if you are in the market to buy your first home? Start with a great real estate agent who can help educate you about the process and point you in the right direction when needed. Assess your credit and finances along with your wants and needs. To learn more get a free copy of the Home Buyer’s Toolkit outlining the 10 steps to take in purchasing a home. Request your copy today by sending an email to: LindaRaveau@realestateone.com