Confidence Is the Key to Success for Young Homebuyers

Dated: March 14 2020

Views: 84

Confidence Is the Key to Success for Young Homebuyers

Confidence Is the Key to Success for Young Homebuyers | MyKCM

Buying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey:

1. Understand What it Takes to Purchase a Home

Overall, Millennials make up the largest group of homebuyers in today’s real estate market, and Gen Z is not too far behind. A recent study shared by Freddie Mac shows, however, that Generation Z isn’t as confident in the homebuying process as Millennials. The best thing potential young buyers can do is understand what it takes to buy a home. Learn as much as you can about the mortgage process, down payment options, and the overall steps to take along the way. 

2. Realize Your Opportunity to Build Wealth 

Homeownership allows you the chance to put a small portion of the home’s value down when you buy, and then watch your appreciation grow on the full value of the home – not just on the down payment. It’s one of the best investments you can make, and a form of forced savings working in your favor over time. The added bonus? You get to live there, too.

3. Find Someone You Trust to Help You Through the Process 

Having someone you trust to guide you through this process is invaluable. Finding a local real estate expert to help you navigate through the transaction and feel more confident as you make important decisions could be the best choice you make.

For Millennials and Gen Z’ers thinking about buying, today’s historically low interest rates combined with the outlook for future home appreciation is a big win. This means whatever you buy today, you’ll be bragging about 10 years from now. You can feel confident about that!

Bottom Line

If you’re ready, buying your first home sooner rather than later is one of the best decisions you can make. But there are many things to consider before taking that step, so let’s work together to help you confidently navigate the full journey. Our team of sales professional will walk you through the home buying process.

Blog author image

Anthony Atkinson

Anthony Atkinson believes your interests come first. He's experienced, energetic, and committed to your success. For most people the purchase of a home represents much more than a good financial inves....

Latest Blog Posts

Where Will I Go if I Sell My House?

Many homeowners have realized their needs have changed over the past year. Let's connect today to discuss your.

Read More

Should I Update My House Before I Sell It?

Some HighlightsIf you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide.If the market is flooded with houses for sale, updates may be

Read More

Your Home Equity Is Growing...How's Your Home Trending?

Some HighlightsIf you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year.Whether it’s funding an

Read More

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

Some HighlightsIf you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals.It’s important to start working on your credit and

Read More
Fair Housing Icon NY Fair Housing Notice