A recent survey conducted by J.D. Power and Associates asked new home buyers about their satisfaction with their builders and measured the experience of purchasers who used their builders as their lenders in 17 markets of the 24 markets covered in the larger survey. The study found that the majority of home buyers who opted to finance through their builders did so because of competitive rates. Many claimed that the process was also easier and seemed to run more smoothly, with less problems.
Additionally, a study of 50,000 buyers who had been living in their homes from 4-18 months found that there were three factors which drove satisfaction with builder mortgage originations: 1) the loan officer, 2) the closing and 3) the application/approval process. Despite the recent issues surrounding the housing market in the United States, many builders are happily reporting success in boosting sales through their partnership with lenders. By providing potential home buyers with incentives that make buying a home more affordable, especially where high home prices have become a prime factor in discouraging home buyers, prospective home buyers no longer need to wait around for interest rates to drop or their incomes to increase in order to be able to afford the home of their dreams. If you are planning on or interested in buying a home in the Raleigh area, contact Buyers Advantage Group Realty today. All of the agents at Buyers Advantage Group Realty are extremely familiar with the Triangle area as well as the home builders and can help you save valuable time and money when it comes to buying your first home.