Raleigh Real Estate Agents wonder, are you thinking of buying your first home in Raleigh NC? If so, be sure to continue reading! A recent report and article from Realtor.com highlights the advantages that first time home buyers have in the Triangle area!
Raleigh Real Estate Agent | First Time Home Buyer Advantages
Realtor.com has ranked the Raleigh NC area known as the Triangle at number 9 on the list of top 10 markets across the country with the best conditions for buyers seeking to buy their first home.
Buying a home for the first time can be exciting, but extremely stressful and overwhelming. Thankfully, you don't have to do it all on your own. Realtor.com included a report with the top 10 list that details their research on five factors of first time home buying, including:
- Market popularity
- Time on market and employment
- Which markets currently are the best for new buyers
Realtor.com identifies that:
- The Triangle had the lowest unemployment rate among groups in the top 10 at 4.9 percent.
- The Triangle had 9,435 home listings for sale.
- The Triangle may have an intimidating bidding war strike, because of small inventory of homes.
Also according to Realtor.com, “It's the same with the number of days on market, which was at 98 days for the Triangle in February. High demand can make it hard for first-time buyers to find their perfect home. Plus if the home has been on the market for a while, the buyer may be able to offer a lower price if the seller is under pressure to close.”
According to this report, now is a great time for first time home buyers to purchase a home in Raleigh! If you’re ready to take the plunge and start house hunting for your first home, be sure to contact our real estate agents soon!
Additionally, if you’re already a home buyer and are thinking of selling your home in Raleigh, be sure to contact The Roark Premier Team, as well! There are obviously a great deal of first time home buyers looking for a home to buy!