What You Want To Know If You’re Pursuing Your Dream of Homeownership

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. As the 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says:

“More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.”

Let’s take a look at why homeownership makes the top of so many young buyers’ to-do list.

Top Motivators To Buy a Home

The survey mentioned above sheds light on some of the top reasons why younger generations are looking to buy a home:

• 50.95% believe the cost of renting is too high
• 48.35% think owing a home is an important wealth building tool
• 38.16% seek the sense of security owning a home provides

Your top motivator may be different than that of your friends, but they’re all equally valid and worthwhile.

The same Maxwell survey also reveals key challenges for potential buyers. Thankfully, they’re both easy to overcome with the knowledge and guidance of a trusted real estate professional.

1. The Mortgage Process Can Be Intimidating

While you may be tempted to do a quick search online to find instant answers to your questions, it may not get you the information you need to understand the full picture. Having trusted professionals on your side can help you to learn what it takes to achieve your dream of homeownership.

2. It’s Hard To Know How Much You Need To Save

There’s a growing number of down payment assistance programs available nationwide to help relieve this pressure. Understanding what’s out there and the options available may help you achieve your dream of homeownership faster than you thought possible.

DM me to learn about the process and get the guidance you need to make it happen.


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