There are fewer cash buyers in Fresno County. That is good news for first time buyers who have been competing against cash buyers; less competition means better home buying opportunities. The Fresno Bee (8/24/14) quoting RealtyTrac states that cash buyer were 33% of homebuyers in the second quarter, down from 38% last year at the same time. Here is strategy for the first time Fresno home buyer: 1) Use a seasoned agent who has worked with a lot of first time buyers AND likes working with them. 2) Have your pre-approval worked up with your lender INCLUDING Desktop Underwriting to accompanying your approval letter. This makes your offer much stronger. 3) Keep your eye on interest rates. Are they going up? You need to know because even a small upward change in interest rates could affect your home buying chances. Fewer cash buyers means there may be a window of opportunity that you won’t want to miss if you are looking to buy your first home.
Author:April Repucci BRE#01817148_01864461 Phone: 559-441-3906 Dated: August 26th 2014 Views: 356 About April: Talented, experienced, professional, friendly Real Estate specialist. Loves working with people!...
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