After the real estate industry bubble burst in 2009 and many home owners were left “upside down” (owing more than your home is worth), home buyers coming into the market became extremely wary, if not down right fearful of the idea of buying a home, and with good reason. They have become understandably wary of home-ownership and think that the expectation to gain real estate in one’s 20s or 30s is a thing of the past. While it’s true that buying your first home is something to be taken seriously, there are many things that the younger generation takes for granted. Owning a home takes effort, time, and budgeting, but it’s not impossible. We’re exploring what first-time home-buyers should know, including the top myths versus facts of home-ownership.
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