It’s amazing to us, but, right here in the 3-county area (King, Pierce and Snohomish), there are over 398,908 residents who are currently renting but can afford to purchase a home.

They are qualified to buy a home, so why wouldn’t they?

Some people think that the housing market isn’t stable, but home prices for your area in King County are forecasted to appreciate by 1.5% over the next year, and 23.1% over the next 5 years. You know what that means in dollars and cents? If you purchased a home at the median price, you would gain $190,000 in King; Snohomish $147,000 and Pierce County $166,000.

This is a very strong market; however, here is the biggest misconception: in a national survey, the number one reason why people are still renting even though they are qualified to purchase a home is because they think they need 20% down.

It’s hard to believe that people still think they need 20% down. That could not be further from the truth! You can purchase a home with as little as 3-to-5%, based upon the programs that are available.  Don’t forget the State’s assistance programs to help you with your down payment.  You can learn more about your options at a home buyer education class, so sign-up at www.EducateHomeBuyers.org

Contact Team Tiedeman – We will show you how you can create wealth through real estate.

Curt Tiedeman, NMLS 35554, Caliber Home Loans

206.650.4202 | Curt.Tiedeman@CaliberHomeLoans.com

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