If you’re wondering whether you’re ready to stop renting and purchase your first home, we are here to help!

With current interest rates still being low, and the cost of rent in our area increasing year over year, now might be the ideal time for you to take the plunge into homeownership. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage. Not to worry, we are here to help you navigate those questions, and any others that may arise.

We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer:

Bottom Line

You very well may be ready to purchase your first home, and start building equity! Every situation is unique, and we are always available to answer questions for you.