Buy a homes in MD | Two Big Myths in the Homebuying Process

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals:

“The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.”

Unfortunately, the myths surrounding the barriers to homeownership – especially those related to down payments and FICO® scores – might be keeping many buyers out of the arena. The piece also reveals:

“Millennials have to navigate a lot of obstacles to be able to own a home. According to our 2020 survey, saving for a down payment is the biggest barrier for 50% of millennials.”

Millennial or not, unpacking two of the biggest myths that may be standing in the way of homeownership among all generations is a great place to start the debunking process.

Myth #1: “I Need a 20% Down Payment”

 

 

READ MORE:  http://www.maxusrealtygroup.com/2020/03/18/buy-a-homes-in-md-two-big-myths-in-the-homebuying-process/


???Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system 
www.99SOLD.com - Call or text 240-426-5754 for more information.

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Topic:
Home Buying
Location:
Maryland Montgomery County
Groups:
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Tags:
first time home buyers
for buyers
down payments
demographics
millennials
buying homes in md
buying myths
buy in md

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