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Posts tagged ‘First Time Home Buyer’

New Home for First Time Home Buyers

Orlando, Florida has excellent deals on brand new homes, in ideal neighborhoods for first time home buyers. The distressed property market caused an in flux of inventory that will take years to absorb. How does this impact you as the first time home buyer? Purchasing a home below market value will put you in a high equity position as the real estate market rally’s back.

The first time home buyer tax credit was an excellent incentive and stimulated sales, however it’s hard to say if the government will ever re-institute the program. There are still first time home buyer programs available to assist with financing and your down payment. Credit plays huge role with purchasing a home, the better your credit, the lower your interest rate. As a first time home buyer expert, I provide resources to help clean up, repair and improve negative credit.

Two great tools to help you with your home search are the (1) First Time Home Buyer Guide which answers many questions typically asked about buying your first home. (2) The First Time Home Buyer Alert which provides automated updates of properties that match your personal criteria with location, size, price range and any other personal preferences you may have with buying your first home.

It really is a great time to buy Orlando real estate or property any where in Florida. Prices are still at an all time low, interest rates are low, although there is movement upwards and qualifying guidelines have eased up. Take advantage of the buyers market with Florida real estate, it won’t last for ever.

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First Time Home Buyers in Florida

The home buying process can be quite complex, even for those who have been through it a few times. For the first time home buyer, the process can seem impossible.

For people willing to do a bit of homework, the foreclosure market offers the best opportunities available in real estate today. Real estate and financial experts point toward significant growth in available foreclosure properties, so there’s never been a better time to line up your resources and educate yourself about buying in a distressed market. It’s not unusual to save from 20 to 50 percent of the market value on a foreclosure property, and certain bank owned foreclosures offer savings of 60 percent or more! You simply have to save for a down payment, get qualified for financing and research properties available in a price range you can afford. A Realtor can set you up with automatic property updates that match your preferences of location, size and price range.

Need help to begin the research with buying your first home? Request the Questions and Answers Guide which will give you the necessary information to navigate the entire process – from deciding whether you’re ready to buy, all the way to that final proud step, getting the keys to your new home.

Two Resources First Time Home Buyers:
1. Questions Answered Guide for First Time Home Buyers

2. First Time Home Buyers Property Alerts