Ready or not, the millennials are coming. Actually, they’re already here. As America’s largest generation at nearly 80 million strong, Gen Y is poised to dominate the housing market over the next decade-plus. How do real estate professionals find success with millennials? I hope the 15-point list in my ebook provides many of the answers you Read more about Download My Ebook on First-Time Homebuyers and Mortgages[…]
Condos have their own set of regulations because lenders view them as a higher risk. Why? As an owner, you rely on other unit owners to maintain their places and pay condo association fees.If you plan to finance a condo and need a loan in Hampton Roads (like Virginia Beach or Norfolk) you need to know Read more about What You Need to Know About Condos[…]
“Roughly 42 percent of millennials say they want to buy a home in the next one to five years…As this generation matures, they will become a home-buying force to be reckoned with.” – Dr. Stan Humphries, Zillow chief economist Welcome to 2015, the year many home-buying experts like Humphries expect millennials to enter the housing market Read more about Why 2015 Will be a Huge Year for Real Estate[…]
The Demand Institute, a research firm, released a study about millennials and home buying. It found: 75% believe home ownership is an important long-term goal 73% believe home ownership is an excellent investment 60% plan to buy a home in the future 44% think it would be difficult to qualify for a home mortgage. One of the Read more about Lease-to-Own: A Financing Option First-Time Homebuyers Love[…]
Information for first-time homebuyers who need a loan or mortgage in Virginia Beach, Norfolk and Chesapeake: We all know about the housing market crashed in 2008-2009. It happened in part because lenders approved borrowers with little to no income or credit documentation. It was a recipe for disaster.Today, the rules to obtain a loan are much tighter Read more about Reason First-Time Homebuyers May Hesitate to Buy: Industry Regulation[…]