First Time Home Buyers

First time home buyers can buy homes today at really cheap prices NOW!  Compared to home prices four years ago, the prices are the cheapest now.  The potential for better than normal appreciation is at its peak.  First time home buyers can't lose as long as they get good advice from a realtor.  Depending on the individual buyer and the property they are interested in, sometimes the best advice I can give is not to buy.  Let's keep looking even if it takes some time.  You don't want to be impatient about the biggest purchase you will ever make.

Home Prices Are Down

Average NH homes prices are down 13% from the high of $268,000 in 2008 to today's average home price of $235,000.  This is because first time home buyers are flocking to take advantage of the most favorable conditions in decades.

 Interest Rates At All Time Lows

We all know interest rates will go up.  We just can't say when.  An increase of 1/4 of 1% means first time home buyers lose $8,000 in purchase power, so why wait for rates to go up?

Inventory Is Great

Here is a look at the 800+ homes the first time home buyers can have in Strafford County Homes For Sale.

 How To Buy A Home

If you want to stop paying rent and buy a home, this simple flow chart outlines the home buying process for first time home buyers.

Benefits Of Home Ownership

Build equity for yourself and not your landlord.

Have fun with home improvements: new colors for the walls, new flooring, new lighting fixtures, grow your own garden, anything your heart desires.

Enjoy a real sense of community because now you own part of it.

Domestic stability because no one can raise your rent.

Tax advantages:  home interest deduction.  Possible tax free gains when you sell.

Pride of ownership.

 About the Author:

Marty Patrizi is a full service New Hampshire Realtor at Virtual Homes, Inc. and his emphasis is on "service".  Marty has helped 14 first time home buyers so far this year.  Marty works as a Buyer's Agent and a Listing Agent.  Marty is also a building and renovation Contractor since 1988.  As a buyer's agent, Marty's extensive construction experience puts him ahead of other buyer agents because he has the ability to determine value and costs related to repairs and updates needed.  As a seller's agent, he knows that buyers come from searching on line and how to generate more qualified buyers through maximum exposure of his client's properties on the internet.  Marty can be reached direct at 603-781-4099 or by email marty.patrizi@virtualhomes.com.