{"id":5277,"date":"2009-05-20T14:26:47","date_gmt":"2009-05-20T21:26:47","guid":{"rendered":"http:\/\/rmlsweb.wordpress.com\/?p=27"},"modified":"2009-05-20T14:26:47","modified_gmt":"2009-05-20T21:26:47","slug":"first-time-homebuyers-making-a-splash","status":"publish","type":"post","link":"https:\/\/rmlscentral.com\/v1\/2009\/05\/20\/first-time-homebuyers-making-a-splash\/","title":{"rendered":"First-Time Homebuyers Making a Splash"},"content":{"rendered":"
\"image_pdf\"<\/a>\"image_print\"<\/a><\/div>

\"1149600_door_and_door_knob\"<\/p>\n

Are first-time homebuyers making an impact on the real estate market?<\/p>\n

I recently received a statistical request from a writer at the Oregonian\u00a0<\/a>who wanted to\u00a0know if over the last year the\u00a0percentage of buyers in lower-price ranges has risen. As it turned out, in Portland, those buying homes in the $0 – $499,999 range now make up nearly 4% more of the market of homes that sell compared to 2008, while those buying homes from $500,000 – $1+ million has dropped off about 3.6%.<\/p>\n

This influx could be attributed in part to\u00a0first-time homebuyers who are jumping at the opportunity that is being presented to them, given the $8,000 tax credit<\/a>, historically low interest rates and significantly lower purchase prices.<\/p>\n

You can count me among the many first-time homebuyers taking advantage of the opportunity and I am seeing friends taking advantage of the deal as well. If they have some money saved, jobs they feel secure at, and a desire to own \u2013 they are looking to buy.<\/p>\n

Temper Expectations<\/strong><\/p>\n

You’ve probably dealt\u00a0with first-time homebuyers who expect amazing homes for their money. Sure, maybe they\u2019ll get one, depending on their price range, but my experience was not as such.<\/p>\n

In my price range ($200k – $230k), what I found in the areas that were attractive to me, was generally good, but older homes that may need some updating (and in fact, that\u2019s what we bought).<\/p>\n

My point is, remember to manage the expectations of these buyers, as they may have grand ideas in their head due to some reports in mainstream media. Obviously they should buy a home that they\u2019ll be happy in, but also remind them that this is an amazing opportunity right now to make a sound investment for the future.<\/p>\n

Image courtesy of bellemedia<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are first-time homebuyers making an impact on the real estate market? I recently received a statistical request from a writer at the Oregonian\u00a0who wanted to\u00a0know if over the last year the\u00a0percentage of buyers in lower-price ranges has risen. As it turned out, in Portland, those buying homes in the $0 – $499,999 range now make […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[19,43],"tags":[46,78,120,464,480,237],"series":[],"episode_featured_image":false,"episode_player_image":"https:\/\/rmlscentral.com\/v1\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":false,"player_link":false,"audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","icon":"apple-podcasts.png"},"google_play":{"key":"google_play","url":"https:\/\/play.google.com\/music\/m\/Iinki5xppiud4zt7r4evlggzzcy?t=Real_Talk_with_RMLS","label":"Google Play","icon":"google-play.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","icon":"google-podcasts.png"}},"rssFeedUrl":"https:\/\/rmlscentral.com\/v1\/feed\/podcast","embedCode":"

First-Time Homebuyers Making a Splash<\/a><\/blockquote>\n