First Home

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First Home

A private residence purchased by a person who has never previously purchased a residence. Buying a first home is considered a major accomplishment as it gives one a stake in society and in the prosperity of the area where one lives. A first home may also be subject to favorable tax treatment.
References in periodicals archive ?
The scheme, which is available on selected properties at the development, will see Bryant take much of the financial strain of buying a first home by paying the 5% deposit, stamp duty, pounds 500 towards legal costs and pounds 500 towards mortgage fees, leaving the purchaser to find just a pounds 99 reservation fee.
The CENTURY 21 System is prepared to address the real estate needs of consumers throughout the many stages of homeownership, starting with their first home purchase," said Tom Kunz, president and CEO, Century 21 Real Estate LLC.
Sixty-nine per cent of the 20-29 age group expect to spend under pounds 120,000 and more men (67 per cent) than women (50 per cent) hope to buy their first home under the stamp duty threshold.
The first homes should be ready for occupancy in January and the entire project should be completed in early 2007.
In fact, more than a half-dozen employees in our New York office alone purchased their first homes in 2004.
In addition, the number of single males buying their first home was only 26pc in 2003, the lowest level recorded between 1992 and 2003, where the highest level was 31pc.
Bridget Jones-style singletons are a growing force in the housing market with the number of women buying their first home alone more than doubling in 20 years, according to figures published today.
Areas like Wales which have traditionally been more affordable are becoming expensive for people trying to buy their first home, but the problem facing first time buyers is UK-wide.
The company's goal is to become the nationally recognized, trusted source for potential first-time homebuyers that otherwise would not have been able to purchase their first homes.
The below market interest rate combined with the longer term give first-time buyers a realistic chance of buying their first homes.
Phil Greer, Senior Vice President of SECU's Loan Administration Department adds, "State Employees' Credit Union strives to provide many options for its members to purchase their first homes.