Follow The Money: See How Recent Buyers Purchased Homes {Infographic}

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

If you're thinking about purchasing a home this year have you wondered how other home buyers have made it happen? Are you still thinking you need a 20% down payment or that obtaining a mortgage is very difficult? Here's a great infographic from the National Association of Realtors® (NAR) from their "2017 Profile of Home Buyers & Sellers" that will dispel some of these thoughts and might convince you buying a home might be easier than you think, with: 

 

  • 88% of home buyers obtaining a mortgage to purchase
  • the median down payment being 10%
  • 16% of of home buyers receiving down payment assistance from families/friends
  • 66% of home buyers finding the loan approval process easier than expected.

 

How Recent Home Buyers Purchased Their Homes

 

 

THINKING ABOUT BUYING YOUR CHARLOTTE AREA DREAM HOME?CONTACT ME TODAY... I CAN HELP!

 

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                                   Things To Consider Before Buying A Home                Things To Consider Before Selling Your Home

 

 

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Featured photo courtsey of realtor.com

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, MBA, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2017 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Topic:
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Groups:
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Tags:
infographic
find you dream home
follow the money
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Rainmaker
2,355,226
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Buyers should be getting pre-approved as the prices are going up and so may the interest rates. Like your infographic.

Jan 13, 2018 12:29 PM #15
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot ~ hi Rebecca... same here at my end. Lots of prospective buyers getting nasty surprises about what they can buy now, especially those who started last year and decided to wait.

Jan 13, 2018 12:37 PM #16
Ambassador
3,611,404
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Nina

This is great information (I am still wading through the report). I think buyers often are not aware of the financial realities of buying a home, and this information can be encouraging grearding downpayment, etc.

Jeff

Jan 13, 2018 12:52 PM #17
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler ~ hi Jeff... all sorts of "rumors" out there about what it takes. Meantime, trust you are recovering nicely.

Jan 13, 2018 01:19 PM #18
Rainmaker
885,367
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Nina Hollander - This certainly helps sellers understand how buyers will purchase their homes in the Charlotte area. 

Jan 13, 2018 01:41 PM #19
Rainmaker
2,014,133
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hi Nina: Did you read about the big shakeup at NAR? Reorganization and merging of departments, firings and promotions?

Although I will say 38% of buyers using funds from sale of residence would indicate a stronger move-up market across the country than what I'm seeing in Sacramento. We don't have too many sellers turned buyers. It's mostly a dead end. First time buyers buy and sellers retire or move out of state.

Jan 13, 2018 01:54 PM #20
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ hi Elizabeth... I did read about NAR shakeup yesterday. At this stage I'm a bit jaded and not convinced much will change at the end of the day for us as members. I still see this as forced unionization!

We are seeing more move-up buying in our market than maybe you are seeing in yours... but that is one reason our inventory is so light...move-up sellers are hesitant to sell beccause they are not sure they can find the right home to buy in their budget due to lack of inventory in all price categories.

Jan 13, 2018 02:04 PM #21
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ hi Sheri... as these are NAR's national statistics, I think these numbers can reflect many parts of the country, with some notable exceptions where markets have gone insane.

Jan 13, 2018 02:05 PM #22
Rainmaker
294,398
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Nina - most people are so visual that your graphic will be very helpful.  I need to be on NAR's website more to get some helpful information.

Jan 13, 2018 04:33 PM #23
Rainmaker
615,645
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Thanks Nina, I just downloaded the report, but did not have a chance to peruse it yet. I like this quick summary...

Jan 13, 2018 05:06 PM #24
Rainmaker
2,486,762
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

That is a great infographic Nina Hollander !

Jan 13, 2018 10:31 PM #25
Rainmaker
4,047,399
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Nina, I hope home buyers will read this and buy a home before rates go up .i love the infographic.

Jan 14, 2018 02:44 AM #26
Rainmaker
2,465,537
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

Love these little tidbits of information you provide to us.  Care to take a guess on what we'll be discussing at our next meeting?  

Jan 14, 2018 02:46 AM #27
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray ~ hi James... happy to be of service! Watch for today's post... more tidbits coming that you can use! Happy Sunday!

Jan 14, 2018 04:18 AM #28
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lisa Von Domek ~ hi Lisa... those graphics make it so much easier for people to understand what's what.

Jan 14, 2018 04:18 AM #29
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Richard Bazinet /MBA, CRS, ABR ~ hi Richard... we like reading reports like that, but the average person does not... so this is a quick way of keeping them informed.

Jan 14, 2018 04:19 AM #30
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ hi Gita... thanks. I'm seeing lots of buyers getting priced out of the market already because last year they decided to wait thinking home prices and/or interest rates would go down.

Jan 14, 2018 04:20 AM #31
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lynnea Miller ~ hi Lynnea... I always say the same that I should be on the NAR site more often... but I know I don't make as much use of it as I could.

Jan 14, 2018 04:20 AM #32
Rainmaker
2,000,395
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You always have the nicest looking infographics and they are always so informative!  I hope that your Sunday will be enjoyed my friend!

Jan 14, 2018 05:32 AM #33
Rainmaker
2,440,673
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ thanks, Brian. I've just posted another infographic this morning... those pictures are worth a thousand words.

Jan 14, 2018 05:34 AM #34
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