In any economy, the backbone of survival is job creation.
This fact is most often overlooked when buying a home. After all, when a buyer
is buying a home, there are so many thoughts and process’ going on, the thought
of a philanthropic contribution to society takes a back seat.
So you… Mr. & Mrs. Buyer, when buying a home, are giving
to the masses.
How can this be? With available grant monies, seller
contributions, tax credits, and lender incentives, a buyer can buy a home
without spending a dime of their own. In fact, they can buy a home for less
than it would cost to rent. And, get paid thousands of dollars, every year, for
the life of the loan to do so. This sounds more like a Robert Kiyosaki “No
Money Down” scheme, than a way to contribute to the masses. However, it’s true!
No matter how you slice the pie, the money is still transferred when a home is
sold.
The National Association of Realtors has published data on
the economic impact of a home being sold, and they say that when a home is sold,
based on the median sale price of a home in the United States of $176,800, the income
derived from the sale is an astonishing $52,205.
Of this amount, real estate related industries generate
$15,912. This is the income the Realtor, lender, and title companies receive. At
this point the ball gets rolling.
When the smoke clears from the successful close of escrow,
the buyers then purchase furniture, appliances, and begin remodeling their new
home, with carpet, paint, and other items to make it their own. On average, they
spend $4,429.
Additionally, when every 8 homes are sold, 1 new home is
built. This generates another $22,100 of income.
And to top this all off, the celebrations begin! From
builder to buyer, and seller too, dinners are bought, drinks are downed, trips
to events are had, shows are attended, and tithes are given. These most
necessary expenses come with a bill in the tune of… a whopping $9,764.
This is job creation at its best! So… Buy a home, and give
it up, live it up, and party up! Everyone wins!
If you want to know how to buy a home with “No Money Down”,
without a friend or relative giving it to you, give us a call. We are working
with buyers every day to make this a reality.
