Recent data from Fannie Mae shows a large majority of current renters intend to someday buy a house. In fact, just 18 percent of surveyed renters said they plan to remain renters forever.
So what are some of the obstacles renters face when thinking about whether or not they should begin taking steps toward homeownership? Well, the upfront costs of buying a home were the top answer, with 45 percent of respondents citing coming up with money for a down payment and closing costs as the obstacle that keeps them from buying. However, an almost equal amount said they were most concerned about their credit. Other answers included insufficient income, too much debt, confusion about the buying process, and job security. In short, current renters want to buy but are worried they aren't financially secure enough to become homeowners.
And, though that is a legitimate concern, Fannie Mae also points out that their previous research has shown many potential home buyers overestimate the size of the down payment they'll need and are unaware of many of the programs available to help first-time home buyers reach their goal of becoming homeowners.
Author:Tim Stoll Phone: 214-868-2959 Dated: October 12th 2017 Views: 311 About Tim: It’s hard to find another real estate agent in Dallas who is as hard working, honest, educated, ex...
Seana is a native Texan and has lived all over the Lone Star State. She & her family now call Frisco home. She has a background in graphic design, advertising, and a passion for home staging and decorating. With her attention to detail and her staging know how, she will do everything she can to ensure your home sells for top dollar or help you make the house you've found your dream home!
Seana specializes in her home town of Little Elm & the Frisco area: Prosper, Aubrey, McKinney, Allen and Plano, but works with buyers & sellers all across the DFW Metroplex. She is a member of the National Association of Realtors and the Collin County Association of Realtors.
In her personal time Seana loves graphic design and painting, loves spending time with her husband and two daughters. She enjoys watching her girls play softball, dance (& sing!) and is an active family participant in the March of Dimes March for Babies fundraising event each year.
Seana’s outgoing personality will put you at ease when selling your home or searching for your new home. Give her a call and you’ll see first hand!! “Here for you from Start to Close” isn’t just her tagline, it's the way she does business.
I read recently that the CEO of Zillow.com, Spencer Rascoff collected
"Seana listened to what we wanted and she understands the market in our area. She helped us get THE house we wanted. We love her. She guided us when we had our ups and downs though this process. Seana talked us through the steps so we would know what to do. Thank you so much. "