Self made millionaire, David Bach, tells Millennials that not prioritizing home ownership would be their single biggest mistake. He goes on to state that "...the average homeowner to this day is 38 times wealthier than a renter". He says that buying a home is "an escalator to wealth." But DON'T just buy any home to get into the market. He recommends that you crunch the numbers and don't spend more than 30% of your take home pay. Realize that your 1st home may not be your dream home. You may have to work your way up to your dream home.
Click on "Read More" at the bottom of this page to read the rest of CNBC's article.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.
Also….check these out??
Denver Home Finder Service
Denver Home Seller Service