Top 10 Wants of Millennial Home Buyers and 3 Seller Responses

Great information about a growing segment of buyers.

Carl Medford's avatarEast Bay Real Estate Focus

From Patty Loveless to Mariah Carey, the music has changed but the message remains: “Nothing ever stays the same.” This is categorically true as it applies to the tastes, wants and desires of homebuyers – especially the category labeled “Millennials or Gen-Y.”

Young BuyersRepresenting a growing segment of the home-buying public, Millennials are living in a world dramatically different than the one their parents experienced: the up and coming generation’s world view has been shaped by the events surrounding 911, the Economic Meltdown in latter half of the first decade of the new Millennia and the growing influence of technology on daily life.

No wonder Millennial’s preferences are significantly different than those of previous generations.

Just a few short years ago, this age bracket was comfortable living at home with the parents with no move-out date in sight. Jaded by world and economic events, they were in no hurry…

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How to Use Comparable Sales to Price Your Home

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The cost of buying is going up

Excellent information about the cost of buying and the significant adjustments to consider with rising costs.

MortgageGirl.ca's avatar

How much does it cost to get a mortgage?

A couple of the most frequently asked questions I get are ‘how much downpayment do I have to have and what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional costs, and below is what that number can include. With the new Alberta Budget announced March 2015, the additional costs are going up significantly as there has been an increase to Land Titles registration fees. Below is a timeline of when these costs will be due during the mortgage process. Keep in mind most of these costs are only applicable if financing the purchase of a home, though some of them may also apply to mortgage refinances too.

Before the Mortgage

Downpayment – This is the amount you are investing in the purchase which must…

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6 Tips for Settlement Day

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You Should Know About These Mortgage Points and Tax Deductions

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