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Starter Home Suggestions for First-Time Home Buyers
Currently, all real estate price points are experiencing a shortage of inventory in the housing market.  At this point in time, the entry level for first-time home buyers is experiencing the greatest difficulty.  This is due in part; many homeowners are staying in their current home longer instead of trading up due to rising construction cost.  In addition, number of builders have abandoned the entry-level market.  Unfortunately, most buyers need to brace themselves for higher housing prices than they may have expected in many parts of the country.  Home buyers may be able to bypass some of these hurdles with careful strategic planning.  Following are some points that may help you in this endeavor:
Rethink Home Expectations – Home buyers, as well as home builders need to determine what is acceptable for both.  The goal is to have sufficient inventory and not to price buyers out of the market. One way to achieve more affordable housing is location.  Look away from the city center, consider different type of home, such as, condo, townhome, fixer-upper instead of move-in-ready home. 
Agents Finding Inventory – Real estate agents can help entry-level buyers by prospecting with sellers to determine if they would like to sell their ... more

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