Since 2010 first-time homebuyers have purchased between 30%-40% of the homes sold each year, making up a significant portion of the home buying market.
At the same time, first-time buyers face growing demands on their money. Increasing student loan burdens and rising rent costs make it sometimes difficult to save the necessary downpayment. And with more buyers than homes available on the market, would-be buyers face a number of hurdles in order to secure their home of choice.
There are reasons for first-timers to have hope, however. Interest rates do currently remain low and are an excellent reason to secure a loan now. For those who are struggling to save the downpayment, over seventy different downpayment assistance programs exist in Washington state for those who qualify.
Additionally, offering the competitive terms that win the home of your choice is often a matter of strategy, combined with having an agent who values communicating closely with the Seller side to determine exactly what is needed in order for her Buyer clients to win the negotiations.
To learn more, click "Contact Me" and share how I can help you prepare for your home purchase.
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