Recent data from Fannie Mae shows a large majority of current renters intend to someday buy a house. In fact, just 18 percent of surveyed renters said they plan to remain renters forever.
So what are some of the obstacles renters face when thinking about whether or not they should begin taking steps toward homeownership? Well, the upfront costs of buying a home were the top answer, with 45 percent of respondents citing coming up with money for a down payment and closing costs as the obstacle that keeps them from buying. However, an almost equal amount said they were most concerned about their credit. Other answers included insufficient income, too much debt, confusion about the buying process, and job security. In short, current renters want to buy but are worried they aren't financially secure enough to become homeowners.
And, though that is a legitimate concern, Fannie Mae also points out that their previous research has shown many potential home buyers overestimate the size of the down payment they'll need and are unaware of many of the programs available to help first-time home buyers reach their goal of becoming homeowners.
Author:Tim Stoll Phone: 214-868-2959 Dated: October 12th 2017 Views: 426 About Tim: It’s hard to find another real estate agent in Dallas who is as hard working, honest, educated, ex...
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JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
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JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
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"I could not be happier with the experience and results I had with Andrew in the selling of my house. He went above and beyond all of my expectations. Because I was out of town, he was especially helpful in handling some of the homeowner responsibilities of inspections, recommending and meeting contractors, even handling an insurance claim with my agent and the adjuster. I couldn't have done it without his efforts. Additionally, he was in constant contact with any negotiation developments and ready with good advise as to whether to push or be patient.
In dealing with me he as the client he was totally professional, easy going, flexible to my schedule (which was quite varied), and very laid back, aka not pushy. I believe the greatest quality an agent brings to home buying/selling is no emotional attachments. The difficult dance for the agent is to recognize the emotional attachments that the client has. He was very careful in our initial meeting to find out what my biggest goals and concerns were and guided me throughout the process with options and suggestions to the issues that arose. I felt like he was working for me and not just a sale. And, he delivered."