It's not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low.1Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes.Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids.2In fact, according to the National Association of Continue Reading about How to Become a Homeowner on a First-Time Buyer’s Budget
![💸 Creative Ways to Afford Your First Home 💸
It’s a tough time for rookie homebuyers – but don’t despair. By using a few creative workarounds, you can still make your homeownership dreams come true.
🏡 Cover part of your mortgage by getting a roommate or leasing out your garage.
🏡 Consider buying a home with friends or family members.
🏡 Ask loved ones for help with your down payment or closing costs.
🏡 Look for special programs and assistance.
🏡 Expand your home search to new areas and rethink your requirements.
Visit our latest blog post for more creative workarounds you can use to afford your first home! ➡ [Link in Bio]
#realestate #realestateagent #realestatetips #homebuyertips #firsttimehomebuyer](https://gghknoxville.com/wp-content/plugins/instagram-feed/img/placeholder.png)