Depending on the price of the home, of course, first time home buyers in Port St. Lucie are now finding real estate deals that are more affordable than renting. With the market flooded with bank owned foreclosures in the sub $100,000 range and an $8,000 tax credit back from the government, some buyers are finding their monthly payments in the mid $500 range including taxes and insurance. It’s been a long time time since we’ve seen monthly payments like that.

Ted Mauss IV and familyOne caveat to the first time home buying dream is the competition from real estate investors. The investors are here and they are climbing over each other to snap these deals up. With this competition thrown into the mix, first time home buyers are realizing that to compete, they must do their research, have their loan ready, and jump when the right house comes along. Ted Mauss, IV  found out early in the year how to compete, “With the listings Brad sent me everyday, and nights of searching through the listings on his website, we found our dream home” he added, “If I had started my search that way in the first place, I would have been in my house three months earlier.” Ted, his wife Nicole, and toddler “Teddy 5″  just received their $8,000 check with $73 in interest added on for the two months it took to arrive. The interest added to the credit is the first I’ve heard of this and Ted said it was “a pleasant surprise.”

If you are a first time home buyer interested in buying a home in Port St. Lucie, Stuart, Jensen Beach, Palm City, Traditions, or anywhere on the Treasure Coast, give me a call at 800-876-3535 , or email me, and let’s get the started. I’ll set you up with an auto search for only the type of home you want, get you pre-qualified with a lender, and show you all of the homes you like until you find just the right one. Check out a similar story on FloridaRealtors.org

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