Have You Heard: There’s a Tsunami of 1st Time Buyers on the Horizon!
Jonathan Smoke, chief economist at realtor.com, says he’s excited to see traffic and survey data indicating “first-time home buyers are poised to come back in a big way in 2017.”
That’s the good news; however, Smoke notes that, unfortunately, this surge doesn’t mean all of them will actually become home buyers.
|Up-to-speed on neighborhood schools & amenities?|
And, that’s where an agent with sound business processes can make a difference!
Why? This first-time buyer tends to face more challenges than other home buyer demographic segments:
- They need help with down payment funds
- These buyers tend to be renters so there’s a lease in place that needs to be managed
- Many need to improve their credit score
- They need to fine tune their focus towards homes in the appropriate price range to quality for a mortgage