Agent advice for first time homebuyers trying to enter market

[Candice De]

I have some clients who are first time home-buyers who have done an amazing job to get to a position to qualify, here in Denver, Colorado. Unfortunately, since we started looking last summer, prices have skyrocketed. They are looking for 3 bedrooms, driving distance to U-hills where they work, no HOA, and a price point under $350k. We have looked a lot in Aurora, but they don't want a fixer upper.

1) Any advice for first time home buyers with this criteria at this current state of the market?

2) Any suggestions for secret pockets I am missing?

Thanks!

[Kayla Givens]

@Candice De I am in a similar boat as your clients. I was originally approved for a loan of up to $360k as my max ( +/- depending on property taxes). @Bridget Brazelton recommended that I reach out to a lender to see if I qualified for their program -- you can have a tenant sign a lease and use 100% of that money towards your monthly income. I went from qualifying for $360k to $420k!

I am still searching for a home but something to consider if your clients are willing to house hack or have a little wiggle room in their budget. There are some lenders in the area that offer cash FOR your buyers as well. I have been put on a waitlist for this program but another potential option. Good luck!