First time home buyers the Deck is stacked against you
By Charlie Ragonesi, Homes - Big Canoe, Jasper, North Georgia Pros
(AllMountainRealty.com)
Last month, again, we saw a drop in first time home buyers on a national level. In many ways the deck is stacked against them. Yes the market is good . Interest rates are still low but...... Let take for example buying a HUD home. So you meet a couple looking for their first home. They do not have a lot of money, but they have good credit and stable jobs. They also are willing to roll up their sleeves in a home or maybe even have family members who have skills and are willing to help out in a fixer upper. So you go and make sure they are prequalified. You recommend a HUD home. Why ? Because HUD gives preference to buyers who are going to live in the home. This will help your folks who probably cannot compete with all cash investors in the foreclosure market. You bid on the home and you...
Comments
4