First Time Home Buying on the Rise - Daytona Beach Real Estate
Do you remember your first home purchase? The challenges, the paperwork, the stress, and the ultimate joy of turning the key for the first time and opening the door to YOUR home. The home buying process is very involved and is often quite memorable. According to a recent study, the number of first-time home buyers is increasing as interest rates remain low and new home construction begins again across the Daytona Beach area. While there are still barriers to home buying, most notably credit score concerns or a lack of down payment, the 16% growth found in the study for first-time buyers is excellent news for home values in Port Orange, Ormond Beach and New Smyrna Beach.
The 386 Real Estate Group is excited to be closing the sale next week for a first-time buyer in Port Orange. We have first-time buyers using FHA and VA loans, as well as conventional mortgages with great interest rates locked in for 30 years. If you have been on the fence about buying for some time, and have spent a great deal of income on a rental property over the years, now is the time to invest in your future. We can put you in contact with excellent local lenders who can get you pre-approved for a quality family home in our area. Call us at (386) 527-8577 and let us help make the home buying process as easy and enjoyable as possible for you.
*Statistics taken from Realtor.com study