It is difficult to put a finger on what you like most about home ownership. It might be that for the first time in your adult life you do not have a neighbor on the other side of an apartment wall. It might be that you now get to walk from inside your house to a the garage when it is time to leave for work. No scraping of snow, no stepping in puddles. It might be that your rent money is no longer being thrown out that window, but instead you are investing in yourself every time that you make a house payment.
You still remember the nerves when you interviewed realtors for the first time. You felt as if you were taking your adulting game to a whole new level. Talking about down payments, budgeting for a monthly mortgage, and researching interest rates that were available on different kinds of loans. The realtors offered lots of advice, but it was important that you also did your own checking to see if there were any better options in your price range.
Home Ownership Is an Important Life Step for Many Individuals
If you have spent any time looking for homes for sale in your town, it does not take long to discover that there are many options. Understanding your budget, of course, is the first step. It simply does not make sense to start meeting with real estate agent services until you know that you have enough set aside to make a substantial down payment and that you are going to be able to make your monthly mortgage payments as well.
Consider some of these trends in home ownership and the impact that the real estate market has on the nation’s economy:
- $182,500 it the average price of a home in America.
- 32 is the average age of a first-time home buyer.
- 88% of home buyers will begin looking for potential homes online.
- When compared to those staged after being listed, houses that were staged prior to being listed on the market sold up to 79% faster.
- 78% of recent home buyers indicated that their real estate agent was a useful resource for important information.
- 74% of first-time home buyers were living in an apartment prior to buying their first home.
Home ownership may be the American dream, but anyone who owns a home knows that it takes a lot of work to make the dream of home ownership a reality.