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5 Tips for Millennial Home Buyers

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27.07.2021

It appears the notion that Millennials are buying too much avocado toast to ever afford to buy a home was way off. Millennials accounted for 37% of all home buyers in 2019 and are the most active generation of buyers. The Covid-19 pandemic may have slowed things down a bit last year, but Gen Y is still the group real-estate agents should be drooling over. They’re ready to begin their journey to becoming homeowners now more than ever.

But most Millennials are first-time buyers, and if you fall into that category, you will want to be as prepared as possible for this often lengthy and emotional process. Buying a home can seem like such a daunting process for anyone, especially Millennials, who have seen so much economic uncertainty in their lifetime. But it can mean financial freedom and the ability to settle into a home in which you'll grow for years to come. It can also mean the ability to sell that home for a profit later on and move onto that next big chapter of your life.

Related: 5 Reasons Why Real Estate Is a Great Investment

Here are five tips for Millennials hoping to snap that coveted “We closed!” picture in front of their dream home.

If you’ve been saving up for a down payment on a house despite forking over a significant part of your income just to pay rent, you may be well on the way to being a qualified........

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