I went to a closing today. First time buyers, ages 20 and 21, and getting married in two months. They work, go to college and have not fallen into the credit card debt trap. They were able to take advantage of the home buyer tax credit program, as well as a down-payment grant program, for first time buyers. How great it was to see this young couple making a sound financial decision that should benefit them in the future.
I've sold quite a few homes to first-time buyers and every one of them has been a wonderful experience.
- There was the single guy who was wise enough to buy a home where the monthly payment would fit his budget, rather than spending the limit for which he was approved.
- There was the older couple who had their financing in place when the sub-prime market collapsed - but they hung in there, qualified for a new loan and purchased a darling home in the country.
- And there was the young couple who had saved enough for the down payment and closing costs. The wife had to undergo unexpected surgery between the time of contract and closing - I was afraid we might have to hold the closing at the hospital, but she was well enough to attend the closing at the title company.
I love being a realtor, but what makes it so especially rewarding are the first time buyers. Different situations, different personalities, but yet so much the same. Being there with them at the closing of their first home is a lot like experiencing the joy of children on Christmas morning!