Today, the standard “home buying process” as explained by real estate agents seems nebulous and lacking detail. The home buying process is a big ball of stuff… The purpose of explaining the homeīuying as a process was to reduce the major aspects of home buying intoĭistinct parts and make it seem simple and trouble-free. Home buying process was envisioned as a step-by-step formula to purchasing a
It used to be that if you were a first-time homeīuyer, you relied heavily on your real estate agent for the education of the Home, assisting with financial planning of buying a home, finding down paymentĪssistance, mortgage application information, and so much more. Process” resources are helping home buyers decide if they are suited to buy a Regardless, the abundance of “home buying Taking advantage of online and digital resources to learn about the home buyingĪn era of information overload that home buyers are more aware of the manyįactors that need to be considered before buying a home. It’s not just millennials, but most home buyers are They spend copious amounts of time doing their own research on the home buying process. However, millennials do rely on the internet when it comes to understanding the home buying process. A majority of millennials prefer to connect with a single point-of-contact when applying for a mortgage (and likely when dealing with real estate agents). Because millennials grew up with the internet, you might think that they would rely less on professionals when home buying. Not surprisingly, many millennial home buyers are taking advantage of home buyer assistance programs. An article by Tracey Barbour for the Alaska Business Monthly (Younger buyers partial to homeownership, home-buyer education, online resources: September 2017) describes the growing phenomenon of millennial homeownership.
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