If you spend a few minutes searching on Google, you can find an article somewhere about how hard it is to buy a house in Charlotte, especially for First Time Home Buyers. Here is another resent example: Americans look to rent, not buy, as home sales continue to dip.
In this article, the writer says:
Some people can’t qualify for loans or meet higher down payment requirements. Many with good credit and stable jobs are holding off because they fear that prices will keep falling.
Can’t Qualify? How do you know until you ask?
Higher Down Payments? They can be as low as $0 to 3.5% for most Charlotte area First Time Home Buyers. Many First Time Home Buyers can get a gift from a family member to help them buy a home, too.
Fear that home prices will keep falling? Guess what – if you continue to rent, you are GUARANTEED to not have any home equity when you lease is up. If you buy, you will get some equity as you make the monthly mortgage payments.
Also, the only way to see the bottom is after prices have gone up – so people who are waiting for the bottom will be left behind and find themselves paying the same price in three years for a house they can buy today – but, they will just be starting out, rather than having three years of home owning lifestyle, equity and tax savings that today’s home buyer gets!
Watch this video to learn the Seven and a Half reasons why Renters are missing the chance to buy a house today.
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