First-time buyers driving the home sales market - It's a great time to be purchasing your first home!!

Owning your own home is "The American Dream", and that dream is still thriving among first time buyers even in this recession. The National Association of Realtors recently released a report confirming that 50% of sales is being attributed to first time buyers. It also showed that condo sales, which were previously very slow, as being particularly strong.

Often first time home buyers are making subsantial sacrifices in purchasing their new home,  but consider owning a home a  part of acheiving financial and personal goals.. not to mention the pride and enjoyment of home ownership.

 The key motivators for today's first time home buyers are record low interest rates, numerous bargain priced homes on the market, and the recently offered $8,000 tax credit. Among all of this, many first time home buyers are taking advantage of FHA and USDA loans. USDA loans offer 100% financing in rural areas like Conway, SC and Longs, SC... often times sellers will agree to pay closing costs allowing first time home buyers to get into their new home with virtually no money out of pocket!! FHA loans only require 3.5% down payment and can be used to finance almost any home, no matter the location! 

If you are interested in buying your first home call Jake Lee 843-240-0431 for more information about the different finance options available, homes on the market, and information about the $8,000 tax credit (FREE MONEY). You can also browse homes for sale in the Myrtle Beach area on www.SCRealEstatePartners.com