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Buying a Home as a Millennial

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Millennials are now choosing to buy homes to become independent, more engaged in their community, and have a sense of privacy. Young adults are getting jobs, starting families, and changing the housing market.

5 Important Tips:

1.Make Sure you’re Committed
Buying a home is one of the biggest purchases you will ever make. Because typical home buyers stay in their homes for years, it is considered a big commitment. It’s important to be ready financially, as well as mentally.

2. Know your Credit
By the time your in your twenties, it is likely that you've established credit. It’s important to have a good credit score in order to be approved for a good interest rate.

3. Trust your Agent
1 in 5 millennials claim that they’re indecisive, and need a real estate agent to steer them in the right direction. It’s important to hire an agent with experience and knowledge of the housing market.

4. Establish your Goals
Determining what type of house and price range you’re looking for, will make for a much smoother buying process.

5. Research Neighborhood(s)
- Location is a huge factor that plays into buying a home. Do your research so you can make sure you love where you live, AND you can afford it. Your agent will also be in assistance when it comes to getting educated on different areas/neighborhoods.

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