I bought my first home when I was 32 years old. The term “millennial” didn’t exist back then. And nothing like The Millennial’s Guide to Buying a Home existed either. Let me be honest….”www” was not around either! So buying a home was a much different process than it is today.
But if you are buying your FIRST home, then it’s a NEW process for you, and there can be lots and lots of questions! Thankfully, with the help of “www” it is much easier to get or find information online about the home buying process. I mean, we even created the Intown Atlanta Real Estate Buyer’s Guide as a great resource!
But for the Millennial generation, many things in life are different. Starting with…how many of you there are! Like a whole 83.1 Million of you!!!! Then there is the often used phrase of “failed to launch” as many of you have delayed moving our of your family’s home…or maybe even moved BACK there after college because of employment or student debt issues. Experts have looked at your generation and wondered, “Do they even WANT to own a home?” Well in 2016, the buyers in the age group of 25-34 years accounted from some 56 percent of first time home buyers…so I’d say you do!
Now, I understand that Young Millennials (aged 17-25) are different than Older Millennials in the age group of 26-36. Like I mentioned, I was 32 when I bought MY first house. (Should I tell you I got transferred just 3 months AFTER I bought it? Nah…save that for another time! Like when we meet in person!)
So, what might be holding YOU back from making that first home purchase?
The Top 6 Reasons young Renters Delay Buying
Any of these sound or feel familiar to you?
Don’t Get Caught in the Rental Trap
As you will see in our Full Report, The Millennials’ Guide to Home Ownership, rents have been rising consistently over the past 20 years or more! In homeownership, you can protect yourself from rising rents, by locking in your housing costs for the life of your mortgage! (Provided you do not have an adjustable-rate mortgage….and I’d highly advise against this!) Each month, your housing payments go towards owning your own home instead of renting it, and paying someone else’s mortgage.
Now, I completely understand that buying is not always the right option for you. I’m happy to discuss your plans and what you see in your future…and maybe now is the time to buy….and maybe it is not.
You can request your FREE COPY of our Millennials’ Guide to Home Ownership below! We look forward to helping you and if you have any questions, we are always available at 770.713.1505 or email me HERE