First Time Buyers

    Though the real estate market is strong there are still opportunities for first time buyers to take advantage of the many benefits of home ownership. The combination of readily available mortgage financing with low down payments, historically low interest rates, affordable prices, and a variety inventory puts puts home ownership within the reach of many people who thought it impossible.

    So why is now a great time to buy a home?

    1. Real estate is a great long term investment and has greatly outperformed the stock market over the last ten years. It is also forced savings and affords some inflation protection. It is, for most people, the best way of building wealth over time.

    2. A home is a better place to raise a family according to The 2016 National Housing Survey and homeowners control their own environment.

    3. A home ownership creates a sense of community according to the Federal Reserve Bank of New York's "The Home Ownership Gap".

    4. In the Lansing area it is cheaper to own than to rent. The combination of affordable prices, cheap mortgages, and tax savings make owning a desirable option. Why help pay your landlord's mortgage when you can pay yourself.

    Let an experienced Berkshire Hathaway HomeServices Tomie Raines REALTORS® agent show you how home ownership may now be be in your grasp.  

    first time buyer guide

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