Millennials & Income to Buy a Waldorf MD Home for Sale
Millennials have become an important topic of discussion for media outlets and blogs throughout the Country. While some argue that my generation is blossoming later than our predecessors, optimists such as myself believe that with our rebounding economy will help Millennials finally arrive in the economic arena that allows them the growth potential generations before us were afforded.
While I truly believe Millennials are positioned to become an important force in the new economy, the widening economic policy that minimizes retirement accounts and creates underemployment of Millennials threatens what is now America’s largest demographic.
In his post for MSN, Austin Thompson points out that Millennials are now in peak childbearing age, and from a Waldorf MD Real Estate perspective, as well as a parental Standpoint, what goes hand in hand with raising a family is the desire to own a home.
Families want to put down roots. They want to know they have a certain level of security if possible, while growing some form of equity for retirement.
While slashing pensions and lower wages certainly puts a strain on Millennial workers, the ability to purchase Real Estate can still be a saving grace in the Millennial financial planning process.
As agents and brokers, we are meant to advise our clients. We can’t change the fact that outside economic factors can have a negative impact on the lives of our clients. What we can do is try and help Millennials understand that they can take their future, and subsequently their retirement, into their own hands.
Chances are, your average Millennial client, like their parents, will not be starting out with a beach front multi-million dollar estate. Our job, is to help explain the path that starting in smaller affordable homes now will have down the road, how it will help them grow, and how it will help them take control of their livelihood.
Do more than sell my generation a Waldorf MD house…help them build a future.
Written by: Skip Young
This article was written by Justing DeCesare, an agent from the west coast. Here in Southern Maryland we have the same perspective when it comes to millennials buying homes in Waldorf MD. Its a great investment, they have started to plant their job roots into the Washington DC Maryland and Virginia area’s. Millennials that are buying homes in Waldorf are coming from the tech sector as well as trades.
This gives us as Realtor’s in Southern Maryland a chance to direct them to the property that is not only going to fit the new life style but also accommodate the transportation methods to get to and from work. This home they purchase here in Charles County will account for their first property. Living in it for two years will allow them to avoid the capital gains tax and also be their down payment towards the next home purchase which could be in Waldorf MD or they may even want to move to Calvert County, St. Mary’s County. Somewhere that will work for their daily lives.
Since we do not know how much money is going to be stored away at the beginning of their careers into a 401k or any other stock option with the company they may work for a home is an asset that they know will keep their money safe and sound. While our Southern Maryland market is still and its always a good time to buy in Waldorf MD, even a fixer upper would be great for a millennial. This would give them the time to do the repairs as they begin to build equity into the home they purchased.
If you are interested in Buying a home in Waldorf MD contact me Skip Young
I will begin the process of finding the right Southern Maryland home that fits your needs to move you into the right direction for you future.
If you are looking to Buy a Home in Southern Maryland, hire a Southern Maryland Realtor to help you find the Home you are looking for. In either Charles County, St. Mary’s County, Prince Georges County, Calvert County or Anne Arundel County, Finding and Hiring a local Realtor will help you find the right home for the right price. If its New Construction you need, your local Maryland Realtor can help you find the right Community or even find the right On Your Lot with Caruso Homes to build your Luxury Dream Home. What is your house value. Home value comes from the sales of other properties in your community that have sold over the last 6 months. When your house is prepared to go on the market, the value is calculated by Bedrooms, Bathrooms, Square Footage, Garage and Basement. Location also plays a part in the value of your home. If your in a good location, close to shopping, in a great school district, this will attract more potential buyers to your home. Making the home value much higher and also opening up the possibility of selling your home much faster. Taking also into the factor that when buying a New Luxury home from Caruso Home – On Your Lot, you have the opportunity to get your new home built for less than regular market value. Always give New Construction of your purchase a chance to see if you have the 7 – 9 months of build time. Caruso Homes also has communities all around Maryland that have homes that are 30 – 45 days out for you to purchase as well. Buying new will give you the value and equity to grow in your investment.
Please leave a message below and I will return your homes valuation, time to sell on the market and any other information on your neighborhood statistics.
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Skip Young Realtor
is rated 5 stars on Google based on 3 reviews
04/10/2018 – williamrichmondinc
Sold a Single Family home in 2010 in Mechanicsville, MD.
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I tried unsuccessfully for four years to sell my home in Mechanicsville. Two different real estate companies declined to renew my listing. Thank goodness for Skip Young. He never gave up and never made any excuses – and this was at a time when the real estate market was at it’s absolute worst. We had some offers that fell through at the last minute. Skip never wavered. His attitude was always positive. Thanks to Skip’s tenacity and professionalism my house sold and I got the fresh start I needed. Thank you Skip.
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