{"id":13086,"date":"2019-07-18T15:15:22","date_gmt":"2019-07-18T22:15:22","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13086"},"modified":"2019-07-18T09:23:39","modified_gmt":"2019-07-18T16:23:39","slug":"homebuying-guide-to-help-millennials-first-time-buyers-through-the-process","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/07\/homebuying-guide-to-help-millennials-first-time-buyers-through-the-process\/","title":{"rendered":"Homebuying Guide to Help Millennials &#038; First-Time Buyers Through the Process"},"content":{"rendered":"<p style=\"text-align: justify;\">Millennials, people born between 1982 and 2000, are the largest generation America has ever seen. In fact, there are over 83 million Millennials in the United States. They are also fast becoming this country\u2019s most prominent first-time homebuyers; however, according to CNBC, 63 percent of Millennial homebuyers have regrets, mainly because they underestimated the hidden costs associated with buying and owning a home.<\/p>\n<p style=\"text-align: justify;\">\u201cFinding your dream home only to learn it\u2019s outside your financial reach can be a nightmare,\u201d said Brownson, who works with a lot of Millennials and first-time homebuyers every step of the way.<\/p>\n<p style=\"text-align: justify;\">To help guide Millennials and first-time buyers through the homebuying process, Brownson shares the following four tips :<\/p>\n<p style=\"text-align: justify;\"><strong>No. 1 : Get pre-approved.<\/strong> \u201cThe first and most crucial step is to get pre-approved by a reputable lender,\u201d stressed Brownson, who grew up in a family of residential developers, builders and interior designers. \u201cA qualified lender will walk you through the financial responsibilities of purchasing a home so you will know exactly what your closing costs and monthly mortgage costs will be before going under contract.\u201d<\/p>\n<p style=\"text-align: justify;\">Furthermore, it is imperative to find a lender that has worked with their Realtor on numerous occasions.<\/p>\n<p style=\"text-align: justify;\">\u201cIn today\u2019s real estate world, 1 in 4 deals are falling out due to financing,\u201d added Brownson. \u201cEnsure you find a lender that won\u2019t overpromise and underdeliver.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>No. 2 : Opt for smaller square footage.<\/strong> Brownson further notes that statistically, the smaller the square footage of a home, the more it appreciates. Millennials are generally busy people, and don\u2019t have a lot of time for home maintenance.<br \/>\n\u201cTypically, they buy homes between 1,100-1,700 square feet and opt for townhomes that have a HOA. Not having to maintain the exterior is a huge plus,\u201d stated Brownson.<\/p>\n<p style=\"text-align: justify;\"><strong>No. 3 : Understand the buying process.<\/strong> Whether the house is new or very old, the buyer needs to know how the structure is holding up.<br \/>\n\u201cYou need to know what work has been done on the house and what will bring value to the property. Make sure you have gone through the buying process with your agent so you know what to expect. My buyer flow chartis what I like to review with my clients,\u201d said Brownson, who not only has an interior design background but grew up in construction, so understands how to inspect the bones of a property. \u201cMake sure to have your Realtor help you schedule an inspection with a licensed inspector.&#8221;<\/p>\n<p style=\"text-align: justify;\"><strong>No. 4 : Interview the Realtor and be prepared to make an offer.<\/strong> This helps one learn about the Realtor\u2019s experience and availability for showings. Do they have backup? How many buyers have they successfully represented?<br \/>\n\u201cHave your Realtor set you up on an automatic search that emails you properties daily,\u201d concluded Brownson. \u201cIf you find a property you like, see it as soon as possible and be ready to write an offer if you love it. In Denver it is common to get more than one offer in the first few days on the market.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/denver-realtor-athena-brownson-guides-millennials-through-the-homebuying-process\/98754845\/\" target=\"_blank\" rel=\"noopener noreferrer\">Denver Realtor Athena Brownson Guides Millennials Through the Homebuying Process<\/a> by Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Millennials, people born between 1982 and 2000, are the largest generation America has ever seen. In fact, there are over 83 million Millennials in the United States. They are also &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/homebuying-guide-to-help-millennials-first-time-buyers-through-the-process\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-13086","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Homebuying Guide to Help Millennials &amp; First-Time Buyers Through the Process &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/homebuying-guide-to-help-millennials-first-time-buyers-through-the-process\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Homebuying Guide to Help Millennials &amp; First-Time Buyers Through the Process &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Millennials, people born between 1982 and 2000, are the largest generation America has ever seen. 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