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.