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Top Cities for Home Buyers in 2017

A look at cities across the U.S. that’ll get you the most bang for your buck.

Finding a home can be one of the most daunting tasks, especially if you are looking to uproot and find a new place to live. There are a lot of factors that come into play when finding that new home, including the neighborhood, the cost of the home itself, property taxes and recent price history, and they all play an important role in the home buying process. That’s why ESTATENVY spoke with Max Diez, VP of real estate operations and U.S managing broker at Movoto Real Estate, and Tim Harper, a Redfin real estate agent, to uncover the best places to get the most sbang for your home buying buck.

“As far as areas in California go, Fresno has seen a lot of growth and a higher offer rate than normal recently,” Diez said. “Home prices aren’t astronomically high either.”

However, there are other areas that have those astronomical home prices. Diez says that San Francisco is terrible in terms of home prices and what you get for what you’re paying.

“For home buyers in San Francisco, they need to be prepared to fight against multiple people on offers that they normally wouldn’t fight for. If you end up winning the price war, you’re stuck with high down payments and worse terms than before,” Diez stated.

Diez notes that if you have to write five or six offers to get a home, it’s never a good sign. In the end, you’ll wind up compromising what you want even though you won. In good markets, making two or three offers is normal.

One city that is doing well in California is San Diego, and more specifically, the Carmel Valley neighborhood. Carmel Valley has no additional taxes and is doing very well on the home buying front.

As far as the best places to live go in regard to price, growth, and home buying interest, Diez says that Las Vegas, Portland, Phoenix, Pittsburgh, and Austin are go-to cities for home buyers.

According to a recent Redfin study, Deltona, Florida and the surrounding area is also a go-to location for home buyers. The city, which is sandwiched between the Atlantic Coast and Orlando, gives it a central destination that makes it attractive to prospective buyers.

“Deltona is a hot spot right now because home buyers can get a high paying job in Orlando and still live close to the beach,” Harper said.

The home prices in Deltona aren’t bad either.

“That area is going up in value but is still extremely affordable. A three or four bedroom home with four baths and a pool can go for $250,000. Property taxes aren’t high either. That price point is a huge attraction to people who live in Orlando and are out-of-state buyers,” Harper stated.

In the first quarter of 2017, there was a huge rise in out-of-state buyers. That means that word about the area’s positive market is spreading outside of the Sunshine State.

“Most are coming from major metro cities and are transferring jobs or just looking to move. It’s a no-brainer for them to relocate to this area because it’s near Orlando and the beach but also doesn’t break the bank,” said Harper.

Aside from these locations, there are surely other great areas to live across the U.S. But if you are looking to buy a home in 2017 or are looking to relocate, make sure to check these spots out. Maybe there you will find your affordable dream home.