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Millennials: How to Get Over Homebuying Hesitancy

Millennials: How to Get Over Homebuying Hesitancy

It takes them a long time to get their ground game going,” says Devin Ratoosh, a 32-year-old real estate broker who counts many millennials among his home-buying clients. Ratoosh cites several reasons for homebuying hesitancy among millennials who are wannabe owners. Another limiting factor is that many cash-tight millennials believe they must amass a 20% down payment before they can seriously consider buying. It’s hardly surprising that those who sell real estate for a living encourage tenants to favor a home purchase over rental. “Those who way overprice their home when it first goes up for sale usually earn the ire and disrespect of many buyers,” Early says.

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