The JuanSells.com Realty Co
The home buying process, especially if it is your first time, can be an overwhelming experience. You may be asking yourself: Who are first-time homebuyers today? Can I be a first-time homebuyer too? Below are some statistics on first-time homebuyers. Hopefully, these will show that you can indeed purchase a house. For example, if you’re wondering if buying a house is financially viable for you, the average income of first-time homebuyers falls between $44,000 (single female) and $68,000 (married couple). Is your salary comparable to these averages? If so, you’re probably on your way to owning your first home.
Just because you’re not within these average statistics doesn’t mean you can’t be a first-time home buyer! Keep in mind that 98% of first time homebuyers rely on a mortgage to pay for their new home. If you qualify for a mortgage, then you can own a home. Check out the different basic mortgage types in my blog post Choosing Your Home Loan. Browse my other blogs for first-time homebuyers by visiting the “Buyers” tab on juansells.com. There I give you more information on the home-buying process as well as some tips from my 12 years experience in Bloomington real estate.
Are you a seller? Find out how learning more about buyers can help you.
First time homebuyers make up about 40% of the home buying market each year. If you’re selling your home in the near future, chances are your buyer could be a first timer. The statistics below will help you gain a better understanding of first-time homebuyers, including what sort of marketing they’re turning to when doing home searches. This can be useful information so that you and your realtor can come up with a comprehensive, targeted marketing plan. The three most popular ways for finding a home for first-time homebuyers are looking online, looking in the newspaper, and attending open houses. Work with your agent to make sure that you have an advertising presence both online and in print.
from Bloomington’s Most Trusted Real Estate Agent, Juan Carlos Carrasquel, Realtor, The JuanSells.com Realty Co., (812) 369-0785
