I saw this great post and thought I would share it. The author broke down the National Association of Realtors estimate for home sales in 2011 and determined that nearly 14,000 homes are being sold everyday in the United States. With 22% of all August sales being to investors, that leaves 10,749 homes being sold to “Regular” people. Why is that figure important? Because it showcases that those with a lifestyle need and the financial viability to do so are buying homes. They are taking advantage of the lowered yet corrected prices, increased inventory, affordable choice and all-time low mortgage rates. These nearly 11,000 homebuyers a day are really smart.
I know there are many people who would love to enter the home buying process today but can’t. The economy is tough, unemployment is high and consumer confidence is low. I know, we as people are pre-wired to follow the herd. But in homeownership today, I caution you to make sure the herd has your best interest at heart.
I continually hear stories of people who just bought a home. These people looked at their individual situations and made the determination that was OK for them to be an active participant in the home buying process. Is home ownership for everyone? No. But for nearly 11,000 “Regular” people, it is. I just had a first time buyer purchase a home that needed repairs. The seller was motivated and gave the buyer credits for new flooring, interior paint and a monetary credit for closing cost. After repairs, the property sold and had substantial equity. The buyer also took advantage of the historically low-interest rates that he will benefit from as long as he owns the property. Please visit my web site at www.JohnnyBrooksHomes.com for helpful tips for buying or selling a home and easy access to view all local area homes for sale.