Tuesday, November 3, 2020

First Time Buyers' Eyes Grow Bigger




More first-time home shoppers in Port Saint Lucie Florida say they want a house they can “grow into” not a home they can quickly grow out of. With big housing bargains and low rates, some first-time buyers have decided to go big with their home purchase and sidestep the traditional smaller “starter house.” A growing number of real estate professionals in Saint Lucie County are reporting that childless, twenty-somethings who have strong incomes are taking advantage of housing deals and looking for their dream house now, rather than wait until later. 
A millennial couple purchased a 3,000-square-foot-home as their first home. “The more starter homes we saw, the less impressed we became. … Since we knew we could easily afford to buy more than we were initially looking to spend, the choice was quite simple,” Joseph Simons said “Why not buy a forever home with everything we want?”
Indeed, more buyers are purchasing a home with intentions to live in it longer than they once did. 

First-time buyers worry that rates — the cost of borrowing for a home purchase — will never be this low again so they want to take advantage while they can.

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