Number 1 City for First Time Home Buyers - Clarksville TN

Debbie Reynolds's picture
Clarksville makes buying a home easy for buyers.

Buying a home is many people's American Dream and in Clarksville TN it is easier than you might think. Because so many of the first time home buyers in Clarksville are eligible for a VA loan. they can get into a home with little or no money down. Credit.com has rated Clarksville TN as top on the list of the ten best markets for first time home buyers.

Housing is plentiful in Clarksville and that leads to more opportunities for first time buyers to negotiate a good deal on a home. There were 3456 sold homes in Clarksville in 2014 according to the Middle TN Multiple Listing Service. The average closed price was $163,936 which indicates that buying a home can be very affordable.

Interest rates are at record lows making it so tempting for young couples that have never owned a home to seriously look at buying. In fact it is less expensive in many instances to buy a home especially if a VA loan is used. There is no requirement for a downpayment and most of the sellers are willing to help pay closing costs for the buyer.

When renting a tenant has to pay a full month's rent, a security deposit and separate pet fees if they have any pets. On top of this monetary outlay, the tenant will probably be paying a higher rental payment than a mortgage payment on the same property would be. Clarksville Now further explains why there are so many first time home buyers in Clarksville.

To see if you are a good candidate for a first time home purchase contact Debbie Reynolds. Debbie is a Clarksville TN Real Estate Agent with Berkshire Hathaway HomeServices PenFed Realty. 931-920-6730.

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