first time home buyers
In doing research about whether Millennial home buyers will buy more homes than Baby Boomers, I found an interesting article posted by Forbes. These numbers in the referenced paragraph below were a surprise to me, no doubt. I’m a believer in adapt to your circumstances and evolve with the times.
“Millennials will continue to make up the largest segment of buyers next year, accounting for 45% of mortgages, compared to 17% of Boomers and 37% of Gen Xers. While first-time buyers will struggle next year, older Millennial ‘move-up buyers’ will have more options in the mid-to upper-tier price point and will make up the majority of Millennials who close in 2019.
Do you know why Realtors prefer open houses on Sunday afternoons? Many Realtors who take new listings put them on the market on a Thursday afternoon. This gives us a few days to market the Sunday open house to ensure a high number of visitors on a Sunday. I signed a new listing today in Natomas and met our photographer there. Our plan is to roll the property out on Thursday and enter it into MLS that day. I have ordered a Coming Soon sign, which will also promote it, and I will market the open house online in several places.
Do you love farm life in Sacramento County? This time of year the fields remind this Sacramento Realtor of the green hills of Wales. I remember the sheep on the hillsides from a vacation there and the color of green was almost fluorescent.
Some people don’t know this about me, but I live in the rural south county area of Sacramento. The land and the trees here are so beautiful. There is nothing as pretty as the fruitless cherry trees in full pink blossom, all the way down my long driveway. There is a gorgeous canopy of large oak trees on the other side of the driveway, by the flowing creek. The brown fence blends into the landscape and feels so natural. Plus, my long driveway offers so much privacy.
Is it smart to look at homes outside your price range? At first blush, sometimes buyers think, oh, what can it hurt? Maybe the homes are overpriced and the owners will eventually lower the price to my price range? Or, maybe the seller is severally distressed and needs an immediate sale so she will take less.
Looking at homes outside your price range is likely to do one of three things. All three of them can be damaging.
1) You may find yourself falling in love with a home that is so far out of your price range you’ll do practically anything, liquidate any asset, to possess it. When emotions run away with you, that’s how people often end up in financial trouble.
If you want to love a home in Rio Linda, this is the perfect place for qualified first-time home buyers. First, it is affordable, and qualifies for FHA and VA financing. Maybe a buyer is using down payment assistance, which means the down payment might be zero if the buyer qualifies for certain programs. Second, the location is lovely. It’s located in a cul-de-sac, surrounded by neighbors who are crying at the moment because the present owners are moving away. Everybody seems to know everybody else. And third, the home is ready to move into. No work to do.
Well, saying there is no work to do can be subjective, depending on what a buyer wants. Let’s say they want new cabinets in the kitchen or maybe different counter tops. It’s not unusual for a buyer to want to customize her own home and make it fit her vision, not somebody else’s. In that case, there are also affordable renovation loans offered by Guild Mortgage, and they are easy to get. Guild streamlines the process so the renovation loan is rolled into the mortgage loan. How easy is that? Plus, you can still close on time, no delays necessary.
There is no reason not to love a home in Rio Linda like this. It features hardwood floors throughout, except for the kitchen and family room. Although the family room is a bonus room and not included in the square footage, the floors in that room are wood-like laminate. In addition, there is a floor-to-ceiling rock fireplace in that room. Makes for perfect TV viewing. The sellers are willing to leave some of the furnishings for the buyer at no cost or consideration nor warranty, of course.
This home has 3 bedrooms, 1 bath and a large fenced yard. It could incorporate RV parking if a buyer so desired, but it’s also perfect for dogs. There is a covered patio on the side of the house, too. If you are a buyer who wants to love a home in Rio Linda, you will not be disappointed.
6130 De Anza Ct, Rio Linda, CA 95673, is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $260,000. Call Elizabeth at 916.233.6759 for more information or a private tour.
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.