localrealestateagent-1
Real Estate Life!
59 posts
Coldwell Banker Heritage Realtor
Don't wanna be here? Send us removal request.
localrealestateagent-1 · 6 months ago
Text
Tips for Younger Homebuyers: How To Make Your Dream a Reality
If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising home prices, mortgage rates, and more seemingly stacked against you.
While there’s no arguing this housing market is challenging for first-time homebuyers, it is still achievable, especially if you have professionals on your side.
Here are some helpful tips you may get from a pro.
1. Explore Your Options for a Down Payment
If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 down payment assistance programs designed to make homeownership more achievable. And, that’s not the only place you may be able to get a helping hand. While it may not be an option for everyone, 49% of Gen Z homebuyers got money from loved ones that they used toward a down payment, according to LendingTree.
And chances are you won’t need to put 20% down (unless specified by your loan type or lender). So be sure to work with a trusted mortgage professional to explore your options, find out how much you’ll really need, and learn about any guidelines on getting a gift from loved ones.
2. Live with Loved Ones To Boost Your Savings
Another thing a number of Gen Z buyers are doing is ditching their rental and moving back in with friends or family. This can help cut down your housing costs so you can build your savings a whole lot faster. As Bankrate explains:
“. . . many have opted to stop renting and live with family in order to boost their savings. Thirty percent of Gen Z homebuyers move directly from their family member’s home to a home of their own, according to NAR.”
3. Cast a Broad Net for Your Search
When you’ve saved up enough, here’s how a pro will help you approach your search. Since the supply of homes for sale is still low and affordability is tight, they’ll give you strategies and avenues you may not have considered to open up your pool of options.
For example, it’s usually more affordable if you consider a rural or suburban area versus an urban one. So, while the city may be livelier and more energetic, the cost of living may be reason enough to look at something further out. And if you consider smaller homes and condos or townhouses, you’ll give yourself even more ways to break into the market. As Colby Stout, Research Analyst at Bright MLS, explains:
“Being flexible on the types of home (e.g., a condo or townhome versus a single-family home) and exploring more affordable neighborhoods is important for first-time buyers.”
4. Take a Close Look at Your Wants and Needs
And lastly, an agent can help you really think about your must-have’s and nice-to-have’s. Remember, your first home doesn’t have to be your forever home. You just need to get your foot in the door to start building equity. If you want to buy, you may find making some compromises is worth it. As Chase says:
“An open-minded approach to house-hunting may be one way for Gen Z homebuyers to maintain some edge. This could mean buying in areas that are less expensive. Differentiating needs vs. wants may help in this area as well.”
An agent will help you prioritize your list of home features and find houses that can deliver on the top ones. And they’ll be able to explain how equity can benefit you in the long run and make it possible to move into that dream home down the line.
Bottom Line
Real estate professionals have expertise on what’s working for other buyers like you. Lean on them for tips and advice along the way. As Directors Mortgage says, with that support you can make it happen:
“The path to homeownership may not be a straightforward one for Gen Z, but it’s undoubtedly within reach. By adopting the right strategies, like exploring down payment assistance programs and sharing living costs with relatives, you can bring your dream of owning a home closer to reality.”
Let’s connect to get you set up for long-term success.
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
Life is so much clearer these days! https://www.instagram.com/p/CZFO8MQOJV-/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
Hope Everyone has a Wonderful and Healthy Christmas! This kid might have Covid but that can’t keep him down. Xoxo https://www.instagram.com/p/CX6hEEtFuNP/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
Hope everyone has a Wonderful Thanksgiving! I am so thankful for everyone in my life! #dyrdeklunsford #keyrealty #daytonrealestate #thankful #happythanksgivng #family #friends #goodfoodgoodvibes https://www.instagram.com/p/CWtAbJYlNeJ/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
Come out Saturday November 20 from 1:00-4:00pm. Check it out before it’s gone. #dyrdeklunsford #keyrealty #openhouse #forsale #buyers #ketteringohio #daytonrealestate https://www.instagram.com/p/CWbNh4lltwm/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
Congrats to my sellers! If you are looking to sell or even buy give me a call I am here to serve! #keyrealty #dyrdeklunsford #daytonrealestate #ketteringohio #sold #sellersmarket #callingallsellers #callingallbuyers https://www.instagram.com/p/CWYWwKzFVgk/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
There is nothing worse than your child being brought home by the police but at least today was a special day, a good day. Mason was the #1 fundraiser at school. Thanks officer Brownlee. #beavercreekschools #beavercreekpolicedepartment #trebeinelementary https://www.instagram.com/p/CVgU2E9lkoh/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 3 years ago
Photo
Tumblr media
Reunited and it feels@so good!!! Missed my little family (and their parents lol) OH SO MUCH!! Xoxo❤️❤️😍😍😍 https://www.instagram.com/p/CTaCut_lpFX/?utm_medium=tumblr
0 notes
localrealestateagent-1 · 4 years ago
Video
Happy Mother's Day to all the Super Hero Mom!! #mothersday #boymom #dyrdeklunsford #keyrealty #daytonrealestate #dreamjob #mom #superhero #ilovemom #buymomagift #beavercreekohio #spadayformom #happymothersday #furbabymomsincluded #whereisthesun https://www.instagram.com/p/COp9wN_jahm/?igshid=mi468bv8nz4f
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
Hope you and your family have a Happy Easter 🐰🐇🐣 #happyeaster #dyrdeklunsford #keyrealty #realestate #realtor #realestateagent #home #property #forsale #realtorlife #househunting #dreamhome #luxury #newhome #luxuryrealestate #house #homesweethome #realestatelife #realty #business #entrepreneur #homesforsale #bhfyp #daytonohio #beavercreekohio #daytonrealtor #daytonrealestate #dreamhome https://www.instagram.com/p/CNPs8aVFzge/?igshid=1tst8t32tc84e
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
Have you been wanting to sell but a little apprehensive? Call me today and I can help! #dyrdeklunsford #keyrealty #callingallsellers #buyersgalore #daytonrealestate #sellersmarket #buyersagent #sellersagent https://www.instagram.com/p/CMPgwydFrNd/?igshid=33vfdnt954kl
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
https://sites.touchstonecrystal.com/sites/sarahstueve/e/QM1K7LZ3 Hey Family and Friends if you are interest in some beautiful Swarovski crystal jewelry by Touchstone feel free to join in tomorrow’s zoom or just start shopping. 😍🥰😘 https://www.instagram.com/p/CL9nAfqF9YI/?igshid=11eq1ya06y6du
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
This popped up today from Power of Positivity. So true so I had to repost. Happy Sunday hope you have a funday. #dyrdeklunsford #bepositive #keyrealty #buyers #sellers #daytonrealestate #beavercreekohio https://www.instagram.com/p/CK_o1ATFOFq/?igshid=pj9l666mtccv
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
Sunshine and Happiness is my Jam!! What about you? Selling your house for more money!!! Sellers, everyone has buyers but there are no homes. Don’t wait List Today!! #dyrdeklunsford #keyrealty #daytonrealestate #buyers #sellers #6moreweeksofsnow #realtor #sellnow https://www.instagram.com/p/CK1NQwLlKL4/?igshid=y08pddgzson8
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
Be a Rhino!!! Weekday ritual. Let’s all be a little more positive! #bepositive #dyrdeklunsford #keyrealty #realtor #buyersagent #sellersagent #beavercreekohio #daytonohio https://www.instagram.com/p/CKoZJELlgOp/?igshid=1w4zpztd2akcm
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
Weekday ritual. Let’s all be a little more positive! #bepositive #dyrdeklunsford #keyrealty #realtor #buyersagent #sellersagent #beavercreekohio #daytonohio https://www.instagram.com/p/CKjZ6JLlkJL/?igshid=1qw0ckeolpn9z
0 notes
localrealestateagent-1 · 4 years ago
Photo
Tumblr media
Weekday ritual. Let’s all be a little more positive! #bepositive #dyrdeklunsford #keyrealty #realtor #buyersagent #sellersagent #beavercreekohio #daytonohio https://www.instagram.com/p/CKhKVh0FQUs/?igshid=ebg4uiycth9g
0 notes