You have probably seen the word “Millennial” popping up all over the place. It seems like everyone is trying to predict what this next generation is going to do. From home buying, to jobs, to saving for retirement, to when they are getting married, to when they are having children, everyone is weighing in with their opinions on what this generation is currently doing and should be doing and the focus comes with good reason.
Millennials were born between the early 1980s and 2000s, meaning they are currently 35 years old and younger. Most Millennials grew up with the Internet. They have a mentality of researching online before even picking up the phone to reach out to a real estate agent. Because of this, many of them overlook the value an agent adds to a transaction.
One of the best tips for millennial home buyers is to have a long term view of home ownership. There will always be ups and downs in the market. If you are in a good financial position and avoid home buying mistakes, riding out the ups and downs should not be that difficult. While deciding between renting or buying right now may seem like a big dilemma, but years down the road you will probably be glad you chose the dream of home ownership.
Here are some considerations for you as you think about home ownership:-
Another great tip for millennial home buyers is to take your time. It takes a lot of courage to make this kind of decision. Once you have taken the leap and decided to buy a house it can really put the wind in your sails. You need to do your research and need to choose wisely. Taking your time to learn all about the home buying process will allow you to make knowledgeable decisions.Author : Gunjan Johar | Real Estate Analyst & Home Decor Blogger
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