First Time Home Buyers

November 20, 2019

First-Time-Homebuyers

First time home buyers are on the rise and our team is here to educate you on the process!

A majority of non-homeowners are eager to own a home. The question is, what is holding them back? Do they have realistic expectations?  Millennials tend to have higher expectations than older homeowners did about their ideal starter home.

According to Clovered.com, Here are some of the top factors first-time buyers tend to place the most weight on when considering where to buy their starter home:

* Area Affordability
* Crime Rates
* Proximity to Workplace
* Neighbors, Friends and Family
* Geography of the Area
* Move-in Ready
* Tax Rates

The housing market is changing, and what people are looking for in a starter home is changing right along with it. While previous generations might have looked for smaller, less expensive properties to start their journey as homeowners, millennials are looking to transition from renters to buyers and have a slightly different plan in mind.

 

Pulling the trigger on your first home can be a nerve-wracking experience. Considering it’s the biggest purchase most people will make in their lifetimes, it’s OK to be a little worried about the home-buying process. Reach out to me and we can sit down and put a plan in place for you!

 

Darcy Warcken

Buyer and Listing Specialist

The Better Living Group/Avenue Realty

Realtors- GRI, ABR, CDPE

darcy@avenuerealtymn.com or 952-500-3166