Millennial First-Time Buyers Struggling to Find Affordable Homes

Share this:

MINT HILL, NC – Starter homes are very hard to find. Millennial first-time buyers are not finding the affordable home they want and need. Lower-priced homes are going so very fast that it’s hard to get one in the market today.

Whether you’re shopping for a home for sale in Mint Hill, NC, or on the other side of the country, finding a starter home is like finding a needle in a haystack. This is a huge hurdle for the millennial first-time buyer and there aren’t a ton of solutions. Let’s look at a few things you can do to find the right home for you as a first-time buyer.

Look for a Fixer-Upper

Right now, it might be worth it to buy a fixer-upper, if you’re a first-time homebuyer. These homes are not easy to find, either, but they might be a bit more plentiful than finding a turnkey starter home for a price you can afford.

Maybe you can buy a home that needs some work. If you have the pre-approval or the ability to put some money into a new home, it can help you get the home you will love without fighting over starter homes that barely exist on the market right now.

Wait for More Inventory

This isn’t the best strategy, but it’s one many buyers are taking. They are waiting out the market and remaining as renters until the inventory picks up. You can take this route if you have the ability to rent right now and you don’t need to buy. Waiting might allow you to score the perfect starter home or save for a home in a higher price range.

Hire an Excellent Real Estate Agent

One of the ways to make sure you can find a starter home you will love is by hiring the right real estate agent. A great local agent can help ensure you get the home you want. They will know the market and know how to make sure you have the best chance at any starter home you try to buy.

Buy New Construction

In some markets, it might make sense to build a home instead of buying an existing starter home. Sometimes, you can spend just a little bit more and get a brand new home. It will depend on the market, but this is another possible strategy.

With millennial first-time homebuyers struggling to find a starter home, the right strategy matters. You can use these strategies to help you find the right home for you. It may still be difficult and you will likely need to be patient, but adjusting how you home shop might help.

I would love to be part of your journey when the time is right for you. If you ever have a real estate question or need, or know someone who does, trust that you can turn to me.  I will help you make the right move! Anna Granger (704) 650-5707 | |

Share this: