According to RealtyTrac, Sarasota – Manatee, & Charlotte Counties are actually more “affordable for first time low down payment Homebuyers, and/or Consumers who wish to purchase a home after Foreclosure. “Affordability” is defined as to what percentage of your income that would be needed to buy & own the home.
-Charlotte County: 17.39 % (down from historic average of 22.79%). Charlotte County ranked 123rd of 370 metro areas for “affordability”
-Sarasota – Manatee Counties: 22.66% (down from historic level of 28.53%). Sarasota – Manatee Counties ranked183rd of 370 metro areas for “affordability”.
Here is some additional good news: there are still many available first time homeownership & down payment assistance programs that are still accessible. Take the time to “shop & compare” a number of lending institutions & ask to be “Pre-Qualified”. You may be surprised that your wish of Home Ownership may be more accessible than you had thought. (Your credit score is NOT affected negatively through credit inquiries when “shopping” or comparing mortgage institutions)
As always, if you have any questions or if you would like additional information please feel free to text or call me @ 941-268-8918 or
Hope every one has a safe, happy & fun July 4th weekend