First home buyer!!!!

[Merkaba]

Hello, I'm a newly licensed soon to be practicing real estate agent....with no real estate of my own...I currently rent. But I would like to own soon. Maybe a small "starter" home or something small that I would sell within the next few years. What are the best resources and what should I look out for? The least amount of money down would be nice too.

[ckoback]

you can never go wrong owning verses Renting. There are many programs out there for first time home buyers, also good plans that are for anyone that might have even better opprotunities than a special plan for just first time buyers. If you do the math for Rent verses buying it is a no brainer. how much will your rent go upevery year? about 5%? how much will a 30yr fixed payment go up? only the amount your taxes or insurance will increase and that is devided by 12. how much equity will you gain in your new home? national average i believe was 6% per yer. if you find a good broker we can show you on paper how you will gain financial advantages to buying over rent. What state are you located in? if i can help in anyway feel free to email me and i will be happy to assist. or go to my website for some more information.

[ckoback]

So far you have a plan. small home one that you can sell in a few years. just make sure yhou do not go to small that will make it hard to sell. There are many plans out there for 1st time home buyers. there are even pans not designed juyst for 1st time hme buyers that can save you lots of money. Finding the right broker can be very adventagous to you. you need to see the difference between renting and buying. rent will increase on the average of 5% per year, a 30 yr fixed rate will only increase if your taxes and isurance increases. then your payment will go up by the amout of the increase devided by 12. and that's only if you escrow. have some explanations on my website, located in my signanture, that might help answer some of your questions. if i can be of any assistance please feel free to contact me and i will be happy to help. getting the right plan of course will depend on your credit scores.

[Merkaba]

Thanks for the reply. Im in SC and was also thinking about taking loan officer classes if for no other reason but the education and what I can give my real estate clients. I also work at H& R block so that has really made me see the light as far as a tax advantage and yes my rent has gone up 50 bucks over the past 2.5 years. I love information keep it coming....gotta go for now