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: 432 About Tim: It’s hard to find another real estate agent in Dallas who is as hard working, honest, experienced ...
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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.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
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.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
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"I recommend Bruce because of his attentiveness, insight into the real estate market and above all integrity. Before I became his client, he took me out for a cup of coffee and provided a lot of general orientation about the local real estate market. I felt like he was a knowledgeable and trustworthy observer of the market who I could discuss a wide range of concerns with, whether or not we ended up doing a transaction. After I made an offer on a house, he effectively and fairly guided me through every step of the home-buying process. He also showed a lot of patience with someone (i.e. me) who at times was a difficult customer. (I'd moved to the Dallas-Fort Worth area ahead of my wife and kids and was handling the home purchase while adjusting to a new job at my company. At times I wasn't as responsive as I should have been.)
Finally, Bruce went above and beyond the call of duty even when he had no financial interest. When there was an unexpected clean-up job in the house after the closing, he came over to help late on a week night even though I didn't ask him to. He also made sure to follow up on a personal commitment he made to replace two broken windows in the house, saving me the hassle of including them in a list of post-inspection requests we made of the sellers. And we ended up in a home we're very happy with.
In sum, Bruce is a savvy and effective real estate agent. He's also a person who treats you fairly. I'd recommend him in the strongest possible terms."