Real Estate Pitfalls
Are Millennials Mainstream?
Maybe it’s time we stop picturing millennials as skinny jean wearing, mustache toting hipsters…. Okay maybe they do wear skinny jeans and keep a pretty good looking stache but according to a study done by the National Association of Realtors, in 2017 millennials were the largest group of homebuyers for the 4th consecutive year. And they aren’t just buying up the hip downtown lofts or the bungalows in the center of the city—nope, they are moving out to the suburbs!
Are you ready to be a Homeowner?
Buying a home is such an exciting time! You start day dreaming about the kind of home you want, where you will look, and find yourself asking questions like, “will there be room for my tomato garden?”. These things are so much fun to think about but there are some other questions we should be asking ourselves before we land on homeownership. It is the American Dream but you don’t want that dream of yours to turn into a nightmare. Here are some questions to ask yourself if you think you are ready.
My landlord is selling... now what?
While renting can have its perks… home maintenance is handled, you can move without having to try and sell a home… it certainly has some downfalls, as well. One of the biggest is that since you don’t own the property, should your landlord choose to sell, they can—even if you live there.
Homebuying in Your 20s, 30s, 40s
Buying a home, you can grow into, versus something that fits you now, is smart planning. Trulia has advice for homebuying, no matter what age or stage of life you might be in.
Get Your Move On!
…I like to move it! Move it!...
…I like the way you move, I like the way you move…
…Moving on up. Moving on up, to the east side…
…There’s something in the way she moves…
…Workin' on our night moves…
So You Still Want to Sell?
Stop! Breathe in. Exhale – before you really begin to dig into the process that is selling your home, take a moment to consider how much of a hurry you are in to sell. Selling your home is a big deal – don’t rush it! No doubt, you are eager to get your home on the market, and depending on your situation, you could be desperate to get it out of your hands - but rushing in the beginning will usually only cause you setbacks and lengthen the process.
Are you considering buying a new home? Do you feel confident about the steps you need to take, the order of the home loan process, and what you need to do? If not, download our road map - it's a simple, easy to understand, one page guide that will teach you:
- The order of the home buying process
- All of the steps you need to take
- What is done at each step