Published On: Thu, Sep 24th, 2015

Charlotte Perfect for First-Time Homebuyers

Buying your first home is one of the most significant purchases you will ever make in your life. After making sacrifices to cut back on your spending and saving as much money as possible for a down payment, it can be pretty terrifying to think that you will be tens or hundreds of thousands of dollars in debt after filling out some paperwork.

Fortunately, there is a silver lining in this whole process, especially if you plan on calling the Charlotte area home. Home prices throughout the United States are finally starting to increase at a slower pace. David Blitzner, chairman of the S&P index committee, indicates that we are now consistently seeing a 4-5% price increase on single-family homes in the United States. That is pretty impressive when that percentage was up in the double digits just a few years ago, in 2013.

photo courtesy Charlotte Real Estate

photo courtesy Charlotte Real Estate

At the same time, more jobs are being fulfilled. In fact, statistics indicate that 1.3 million jobs have been added this year alone. This means that young professionals are now being presented with opportunities where they can get jobs, start saving money and make the leap to become first-time homebuyers. Additionally, now is the time to take advantage of low interest rates on a mortgage. Five years ago the average was 6.06%, and that rate has now dropped to 4.04%.

Becoming a homeowner can be scary, and it is a decision that should not be taken lightly. However, Charlotte is one of the best places to make the transition from renter to owner. With a booming economy, increasing job security in many careers and a variety of great neighborhoods to choose from, the Charlotte area has a lot to offer.

For those who are looking to call Charlotte their home, there are many perks to becoming a homeowner in the Queen City. In just a short drive, you can easily get from Uptown Charlotte to the lake or the mountains. Additionally, there is something for every taste. Whether you are interested in purchasing a house with old world charm in a quiet neighborhood or a modern unit close to the city, there are a variety of options available.

With the bustling real estate market and appeal of Charlotte, first-time homebuyers can feel confident in making this southern city their permanent home.

Guest Author: Lolita Di

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