In Coeur d’Alene, now is when all our renters start shifting into new “better” apartments. You will see it all across town. The U-haul locations are empty, and more then a few old couches have hit the dumpster. At the Pehr Black Super Team it has us wondering why more people don’t buy houses.
In most cases, you can get a house for less then you pay for rent! No gimmicks, cheap tricks, or bait-and-switch. How is that possible? We will explain:
- Government Programs. The government offers several backed programs for first time home buyers, and people with smaller incomes. Depending on your tax status, number of kids, and income, you can easily qualify for one of these special loan programs! First time home buyers have an especially good chance of getting approved! Government loans typically have a lower interest rate, and often require a minimal down payment. After prequalifying you can even have sub-par credit and still qualify for a loan! Interested? Email us for more info!
Real Estate market trends. Right now, our local Coeur d’Alene real estate market is exploding. While that increases home prices in most areas, it also decreases the prices on some great houses. This cycle, many homeowners are upgrading to larger, more expensive houses, leaving their great starter homes on the market. Now is the perfect time to get into your first home for an incredible deal! These homes sit around 189-219k and are a great opportunity for a long-time renter!
- Loan Opportunities. When a real estate market is hot, investors (the people who originate home loans) start scrambling to find new buyers. What that means for you is lower interest rates, and less stringent standards. We talk with lots of people who are nervous about a low credit score. In today’s market, you will be shocked by what lenders are accepting for potential buyers! The market is out there for you!
These are just a few of the reasons to consider buying real estate. Long term renters tend to let the home ownership dream fall by the wayside. The Pehr Black Super Team is here to give you hope! If you have considered buying real estate in the past, give us a call before you sign the dotted line for another year. You may just be shocked what options are available to you! Give us a chance to make your dreams come true. Its what we do best here!
~The Pehr Black Super Team