If you’re part of the younger generation, like Gen Z, you might wonder if homeownership is achievable in today’s market. Despite rising home prices and mortgage rates, buying a home is still within reach, especially with professional guidance. T
1. Explore Your Options for a Down Payment:
Many first-time buyers struggle with the down payment. Fortunately, there are over 2,000 down payment assistance programs available.
2. Live with Loved Ones to Boost Your Savings:
Consider moving in with family or friends to save on housing costs. This strategy can accelerate your savings, allowing you to build a substantial down payment more quickly.
3. Cast a Broad Net for Your Search:
Flexibility is key in the current market. Consider rural or suburban areas where homes are more affordable. Smaller homes, condos, and townhouses can also offer more entry points into the market.
4. Take a Close Look at Your Wants and Needs:
Prioritize your must-haves and nice-to-haves. Your first home doesn’t have to be perfect; it’s about getting your foot in the door. Building equity in a starter home can pave the way for your dream home in the future.
Navigating Utah real estate can be challenging, but with the expertise of The Stern Team, your dream of owning a home is attainable. Lean on their knowledge and experience to guide you through the process. Whether you’re searching for houses for sale in SLC or need advice on financing, The Stern Team is here to help you every step of the way.
