Scottsdale Homes For Sale | First-Time Home Buyers Continue to Put Down Less Than 6%!
So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…
When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously
Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars?
I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.
Today, I want to address something that may be very important to you, it is about First-Time Home Buyers Continue to Put Down Less Than 6%!
According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.
Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.
Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong,
“The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying.
Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the largest gains. While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may be finally coming to [the] housing market.”
It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.
If you are one of the many first-time buyers unsure of whether or not they would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!
Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.
From Golf Course properties, Gated Communities, Homes with pools, Horse properties and new construction, Give me a call and let's get started
Call Ryan now at 480–332–5659