An educated real estate professional will provide meaningful data and be capable of interpreting that data so their client has a firm grasp on the reality of the market. Low interest rates, skyrocketing foreclosures, and tax credits are all very appealing incentives to purchase a first home. Affordability is at record levels, but putting price into perspective is very important to purchasing.

The median home price for 2009 in the Dallas/Fort Worth area is $177,000 according to Real Estate Center at Texas A&M. First time home buyers need to be aware that many of these homes may be distressed properties, short sales, or foreclosures that have been stripped of appliances and plumbing fixtures that will often cost in excess of $20,000 to restore the home back to life.

Before you consider purchasing a home as a 1st time home buyer, speak to a knowledgeable professional about the reality of purchasing your first home and know the obstacles before making this very important decision.

If you would like to arrange a consultation with Toni Arney to explore your opportunities, click here.