Home buying is not a child's play, and it does not end with finding the perfect home. A wise real estate professional will help you develop a plan that will ensure your home purchase goes smoothly. According to the US Department of Housing and Urban Development (HUD), at least 12% of all home purchases in the US involve at least one veteran or a member of the military. This percentage has been steadily increasing over the past decade. The number of active duty personnel who have purchased a home or are planning to be expected to increase in the next few years as older US citizens return from service. All the same, here is more info about the most recommended home buyers if there is a need to sell my house fast.
Of those returning officers, a large percentage will be first time home buyers, defined as those who have not previously owned a home or rent a dwelling. Veterans and active military personnel are far more likely than other US citizens to be first time home buyers. This means that there will be an increased demand for real estate brokers and real estate professionals to assist these potential buyers. This is great news for the sellers of real estate in this distressed housing market. Real estate agents are seeing their sales and bottom lines double as more buyers become interested in the homes that they are selling.
In addition to assisting first-time home buyers, real estate agents have a vested interest in keeping mortgage rates low thus enabling them to sell my house fast. The lower mortgage rates available to today's home buyers make it more feasible for them to purchase a home. Many buyers are concerned about the high mortgage rates and have either quit the process of purchasing a home or have already made up their minds to purchase a home that is priced too high. With the assistance of a good real estate agent, the buyer's interest in making an offer will be piqued, and the possibility of purchasing a home at a "too high" price will be eliminated. In short, the real estate agent will be able to make the home buyers' interest strong and their interest in making an offer strong.
Realtors are also well positioned to advise today's home buyers about current trends in the real estate market. They can inform home buyers of the recent homebuyer benefits that they can obtain through loan modifications and/or short sales. Additionally, they can help with obtaining new financing for these first-time buyers. As most recent home buyers are aware, new home construction has historically been lower than previously thought. This, of course, results in lower mortgage rates for these first-time buyers. Additionally, the realtors offer the quickest way to sell a home as is excellently and reliably.
Finally, many real estate professionals are members of the National Association of Realtors (NAR). In fact, the most recently released homebuyer statistics showed that almost half (49.2) of all home buyers were members of NAR. It is not surprising that real estate professionals tend to lean towards the NAR's progressive view on the housing market. A membership in NAR is generally indicative of a professional who is highly educated on the issues of the housing market and who is skilled to communicate these views to others in the profession.
The above statistics clearly show the increased demand for knowledgeable and skilled real estate professionals to work with the first-time homeowners in the United States. The recent homebuyer benefits discussed above are only the tip of the iceberg. Other recent reports from The National Association of Realtors have shown that home loan modifications are exceptionally popular with homeowners. The high interest rates and adjustable rates tied to many home loans have significantly impacted the home buying experience for the millennials. Homebuyers are turning to professionals for advice on their home purchase, and the future of the economy. For more info on this topic, see this alternative post: https://www.huffpost.com/entry/how-to-pick-a-real-estate-agent_n_5a5fbe5ee4b0ccf9f12121d2.