Hey Millennial, Go Buy a House! 9 Reasons to Stop Paying Rent Today


Still unsure about whether or not you should buy a house? It's a big commitment, obviously, and not just from a financial standpoint. But the rewards generally far outweigh any potential downsides for those who take the plunge. Need more convincing? How about the fact that: 

You're already paying a mortgage
 
That money that comes out of your account every month? It's going right into someone else's account. Doesn't that make you just a little bit mad? 

To be clear, that someone else is making money off you
 
How about now, when you think about the fact that real estate continues to appreciate and you're not getting to appreciate that appreciation. "The national median existing single-family home price in the first quarter was $232,100, which is up 6.9 percent from the first quarter of 2016 ($217,200) and the fastest growth since the second quarter of 2015 (8.2 percent)," said the National Association of REALTORS (NAR). Aren't you tired of watching someone else make money while you sit in the place they own and try to figure out how to get ahead? 

You need to express yourself
 
Not being able to put a coat of paint on the walls or hang some wallpaper or enjoy the countertops, cabinets, or flooring you picked out because your landlord won't let you make any changes is not cool. Sure, there are some temporary solutions to make your place look better, but nothing compares to having the freedom to do what you want, when you want, with your space.

It doesn't cost as much as you think it does
 
In fact, you may be paying more in rent right now than you would be for a house payment. A new NerdWallet.com analysis "showed that a majority of millennials would prefer owning to renting, but they appear to be postponing homeownership because of real and perceived difficulties in affording it." But, a report from Investor's Business Daily shows that, "Paying a mortgage is cheaper than renting in 42 states." Is yours one of them? 

Hardly anyone pays a 20 percent down payment anymore
 
Were you under the impression that you had to come up with a huge stack of cash to buy a house? Federal Housing Administration (FHA) loans are among the most popular options for all homebuyers, and for first-timers, they make a lot of sense. First, because the credit requirements are less stringent than other loans - in many cases, you can have as low as a 620 score. Also, you can qualify with as low as 3.5 percent down. On a $250,000 house, that's only $8,750.
"For home buyers, FHA mortgages require a 3.5 percent down payment with the fewest ‘strings' attached," said The Mortgage Reports. "This makes the FHA mortgage one of the most lenient mortgage types available nationwide. There are very few credit restrictions with the FHA loan and the agency allows your 3.5% down payment to comes as a gift from a family member, employer, charitable organization or government home-buyer program." 

Rates are still ear their lowest point ever
 
Yes, they've gone up a bit recently and are currently sitting a bit above four percent. But when you think about the fact that a decade ago they were over six percent and in the 1980s they were almost 18 percent, four percent looks a lot better, no? 

Dogs are cool
 
Living in an apartment that doesn't allow animals? That's pretty common. Trying to find a rental with a generous pet policy is near impossible. If you do find one, you can usually expect to pay a hefty pet deposit and monthly pet rent. 

Your student loan debt isn't as much of a big deal as you think
 
Yeah, it stinks to have to be saddled with that debt just because you decided you should expand your education, get a degree, and make yourself more hirable. But jut because it's a reality doesn't mean you can't improve your standing. 

If you have student debt, mortgage investor Fannie May's new rule changes "should make it easier for you to purchase a first home," said the Chicago Tribune. The rules include:
  • A change in how student loan affects debt-to-income (DTI) ratio calculations if you had payments reduced through an "income-based repayment" plan. "If your payments were originally supposed to be $500 a month but you've had them reduced to $100, only the $100 will be added to your monthly debts for DTI purposes," they said. "Previously lenders were required to factor in 1 percent of your student loan balance as your monthly payment on the student loan, even though you were actually paying a fraction of that. As a result, many borrowers' debt ratios were pushed beyond most lenders' underwriting limits."
  • Debt ratios can also improve if you have other outstanding debts that are being paid by someone else. "Say, your parents pay your monthly credit card balances - these no longer will be included in your DTI computation, provided the payments have been made steadily for 12 months. This should improve the debt ratios of young buyers who are still getting a little help on their cash flows from Mom and Dad."
Everyone's doing it
 
Are your millennial friends starting to buy houses? They're part of a sweeping national trend. "Get ready to see more first-time home buyer clients. In the first quarter of 2017, the number of new-owner households was double the number of new-renter households," said the National Association of Realtors (NAR) in the most recent edition of their Realtor magazine.
There were about 854,000 "new-owner households" during the first three months of this year, which is more than double the 365,000 "new-renter households in that period, according to U.S. Census Bureau data. What's more, it's the first time in a decade that new buyers outpaced new renters."

First-time buyers also account for 42 percent of homebuyers this year, up dramatically from 31 percent in 2011, which was the lowest point recorded by Fannie Mae.

Written by Jaymi Naciri

Lake Manassas 15791 Spyglass Hill Loop, Gainesville, VA 20155 OPEN HOUSES! By-12:45Team

Lake Manassas - 15791 Spyglass Hill Loop, Gainesville, VA 20155  Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245 

Open House -  Just Stop By! 6/23, Friday, 5-6 AND 6/25, Sunday, 12-1,  Lake Manassas, 5bed/4F/2H bath, Single Family Home, $699,999

Stop by this open house to receive a free gift valued at over $500

Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property click here

15791 Spyglass Hill Loop, Gainesville, VA 20155

Gorgeous Lake Manassas 6 bedroom/2Full/2 half bathroom home. This home features large driveway with 2 car garage, pool, patio, golf course views. Separate dining room, living/family room, office are just a few features on main level. Open Kitchen with granite counter, 2 ovens, wine fridge, eat-at bar & stainless steel appliances. Master suite with 2 walk-in closets, dressing room, large bath. Finished basement with full bath and storage. Close to I66/Rt29!



Buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.











15791 Spyglass Hill Loop, Gainesville, VA 20155

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  

Lees Parke 5414 Silver Maple Lane, Fredericksburg, VA 22407 Just Listed! By-12:45Team

5414 Silver Maple Lane, Fredericksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 540-585-1245 

Just Listed!  You have to see this home in person.  Lees Parke, 4bed/ 3.5bath, Single Family Home, $310,000MLS #SP9984624


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!

To see more photos of the property click here.   

5414 Silver Maple Lane, Fredericksburg, VA 22407

Beautiful home with 4 Bedrooms/3.5 Bathrooms in Lee's Parke! This home features spacious living areas on main level and in partially fin. walkout basement. Kitchen: matching appliances; breakfast room with large windows; separate dining room; sitting room at entrance. Master: soaking tub, shower, 2 vanities. Back deck with stairs to fenced in yard. 2 car garage! Sold AS-IS. Rte-1 & 17, I-95, 208 nearby!



See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.











5414 Silver Maple Lane, Fredericksburg, VA 22407

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Deer Run 7012 Whitetail Ct, Fredericksburg, VA 22407 Open House! By-12:45Team

7012 Whitetail Ct, Fredericksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Open House -  Just Stop By! 6/25, Sunday, 1-3,  Deer Run, 4bed/ 3.5bath, Single Family Home, $425,000

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property click here.   

7012 Whitetail Ct, Fredericksburg, VA 22407

Spacious 4 bedroom/3.5 bathroom home filled with light! The open floor plan holds a grand entrance, breakfast bar/kitchen island, formal dining/sitting rooms. Main level deck has great view of property with stairs to yard! Home features large bedrooms, master suite with sitting room, and 3-car garage. Walkout finished basement: full bath, living space, media room, wet bar. VA-3 & I-95 closeby!



Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.





   
Seller Says!

I love the location of Fredericksburg. Its in the middle of Washington, DC and Richmond, VA which provides close access to the “city life” if desired. However, by working in the busy city all day, coming home is a retreat for me away from the hustle and bustle. Some of my favorite things to do in the area include: sightseeing, spending time with family and friends and venturing out in downtown Fredericksburg. We also love going to some of the restaurants which include Old Town Steak and Seafood and Kybecca.

I enjoy my neighborhood because its secluded and peaceful. There is a small amount of houses which makes it tightknit and the neighbors are definitely friendly. It gives you a feeling of exclusiveness as well because its off the beat and path.  


I bought this home because of the land and the master suite. I knew this was the one after comparing it to other homes in the area. Our basement includes a media room and large recreation area. In addition, the size of the sitting area in the master suite gives so many options for use.

7012 Whitetail Ct, Fredericksburg, VA 22407



12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Pelham's Crossing 10101 Betsy Street, Fredericksburg, VA 22408 Open House! By-12:45Team

Pelham's Crossing- 10101 Betsy Street, Fredericksburg, VA 22408  Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Open House -  Just Stop By! 6/24, Saturday, 1-3, Pelham's Crossing, 4bed/3.5bath, Single Family Home, $345,000

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.  

10101 Betsy Street, Fredericksburg, VA 22408

Gorgeous 4Bedroom/3.5Bathroom home, great for entertaining! Open floor plan on first floor w/spacious living area, dining room, large kitchen, and dining room. Master with vaulted ceiling, standing shower and soaking tub! Large rooms! Hardwood on main level and upstairs hallways. Fresh paint, fully finished basement with wet bar and full bathroom. Walk-up basement to driveway! Washer/Dryer DO convey. Near Rte-17!


Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.










10101 Betsy Street, Fredericksburg, VA 22408

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  

Lees Parke 9317 Laurel Oak Drive, Fredricksburg, VA 22407 Open House! By-12:45Team

Lees Parke- 9317 Laurel Oak Drive, Fredricksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Open House -  Just Stop By! 6/24, Saturday, 1-3, Lees Parke, 4bed/2.5bath, Single Family Home, $360,000

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.   

9317 Laurel Oak Drive, Fredricksburg, VA 22407

**Open House Sat 6/24 1-3!** Spacious home with 4 bed and 2.5 baths and a great fenced yard that backs to woods! The large kitchen has double wall ovens, island, matching stainless steel appliances, and ample cabinet space. Sitting room, family room, and eat-in kitchen with separate dining room, home is great for entertaining! Large bedroom with closets, and master suite with luxurious soaking tub, standing shower, and sitting room!


Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.










9317 Laurel Oak Drive, Fredricksburg, VA 22407

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  


Salem Fields- 6904 Versaille Drive, Fredericksburg, VA 22407 For Sale! By-12:45Team

Salem Fields- 6904 Versaille Drive, Fredericksburg, VA 22407  Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

Don't miss this home!  Come see this beautiful home in person. Salem Fields, 6bed/3.5bath, Salem Fields, $300,000


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here

6904 Versaille Drive, Fredericksburg, VA 22407

Open house 5/20, 1-3. You won't want to miss this recently updated home in Salem Fields! Move-in ready with 4 spacious bedrooms/3.5 baths, this home offers lots of space! There's new carpet, fresh paint, & new granite countertops in the kitchen! The partially finished walk-out basement has a bedroom, bath, living area, & an extra room that could be used as a 6th bedroom. Plus, it has a large back deck & great yard!


Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.











6904 Versaille Drive, Fredericksburg, VA 22407

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  

Pelham's Crossing 10101 Betsy Street, Fredericksburg, VA 22408 For Sale! By-12:45Team

Pelham's Crossing- 10101 Betsy Street, Fredericksburg, VA 22408  Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

Don't miss this home!  Come see this beautiful home in person Pelham's Crossing, 4bed/3.5bath, Single Family Home, $350,000

Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!



To see more photos of the property here.  

10101 Betsy Street, Fredericksburg, VA 22408

Gorgeous 4Bedroom/3.5Bathroom home, great for entertaining! Open floor plan on first floor w/spacious living area, dining room, large kitchen, and dining room. Master with vaulted ceiling, standing shower and soaking tub! Large rooms! Hardwood on main level and upstairs hallways. Fresh paint, fully finished basement with wet bar and full bathroom. Walk-up basement to driveway! Washer/Dryer DO convey. Near Rte-17!


See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.












10101 Betsy Street, Fredericksburg, VA 22408

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  


Deer Run 7012 Whitetail Ct, Fredericksburg, VA 22407 For Sale! By-12:45Team

7012 Whitetail Ct, Fredericksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 540-585-1245 

Don't miss this home!  Come see this beautiful home in personDeer Run, 4bed/ 3.5bath, Single Family Home, $425,000MLS #SP9929751


Special incentives for buyer - call/text 540-585-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property click here.   

7012 Whitetail Ct, Fredericksburg, VA 22407

Spacious 4 bedroom/3.5 bathroom home filled with light! The open floor plan holds a grand entrance, breakfast bar/kitchen island, formal dining/sitting rooms. Main level deck has great view of property with stairs to yard! Home features large bedrooms, master suite with sitting room, and 3-car garage. Walkout finished basement: full bath, living space, media room, wet bar. VA-3 & I-95 closeby!



See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.





   
Seller Says!

I love the location of Fredericksburg. Its in the middle of Washington, DC and Richmond, VA which provides close access to the “city life” if desired. However, by working in the busy city all day, coming home is a retreat for me away from the hustle and bustle. Some of my favorite things to do in the area include: sightseeing, spending time with family and friends and venturing out in downtown Fredericksburg. We also love going to some of the restaurants which include Old Town Steak and Seafood and Kybecca.

I enjoy my neighborhood because its secluded and peaceful. There is a small amount of houses which makes it tightknit and the neighbors are definitely friendly. It gives you a feeling of exclusiveness as well because its off the beat and path.  


I bought this home because of the land and the master suite. I knew this was the one after comparing it to other homes in the area. Our basement includes a media room and large recreation area. In addition, the size of the sitting area in the master suite gives so many options for use.

7012 Whitetail Ct, Fredericksburg, VA 22407



12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Parkfairfax 3206 Valley Dr. Alexandria, VA 22302 Just Listed! By-12:45Team

Parkfairfax- 3206 Valley Dr. Alexandria, VA 22302 Exclusively Listed by VA, MD & DC Top Real Estate Agent Nate Johnson - 12:45 Team 571-494-1245 

Just Listed!  You have to see this home in person.  Parkfairfax, 1bed/1bath, Condo, $232,000, AX9971164

Special incentives for buyer - call/text 571-494-1245 or email NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.   

3206 Valley Dr. Alexandria, VA 22302

Spacious, cozy 1 Bedroom/1 Bathroom condo filled with light in a neighborhood with canopy of trees. Unit features hardwood floors, living/dining area, in-unit stackable washer/dryer, spacious master closets and attic storage. Kitchen holds gas stove, dishwasher and butcher block counters! DASH bus stop in front gives quick transport to Pentagon/metro. Walk/bike path to Shirlington w/restaurants, dog park, grocery, etc!


See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Natejohnson@1245team.com for more details.











3206 Valley Dr. Alexandria, VA 22302

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  


Lees Parke 9317 Laurel Oak Drive, Fredricksburg, VA 22407 Just Listed! By-12:45Team

Lees Parke- 9317 Laurel Oak Drive, Fredricksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Just Listed!  You have to see this home in person. Lees Parke, 4bed/2.5bath, Single Family Home, $360,000, SP9971435

Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.   

9317 Laurel Oak Drive, Fredricksburg, VA 22407

Spacious home with 4 bed and 2.5 baths and a great fenced yard that backs to woods! The large kitchen has double wall ovens, island, matching stainless steel appliances, and ample cabinet space. Sitting room, family room, and eat-in kitchen with separate dining room, home is great for entertaining! Large bedroom with closets, and master suite with luxurious soaking tub, standing shower, and sitting room!


See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.










9317 Laurel Oak Drive, Fredricksburg, VA 22407

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.  


Timberlake 3803 Overview Drive, Fredericksburg, VA 22408 Just Listed! By-12:45Team

3803 Overview Drive, Fredericksburg, VA 22408 - Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Just Listed!  You have to see this home in person.  Timberlake, 3bed/ 2bath, Single Family Home, $239,900MLS #SP9971056


Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com  or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property click here.  

3803 Overview Drive, Fredericksburg, VA 22408

Cozy split foyer home: 3 bedroom/2 bathroom and established trees in the yard! Upper level holds 2 bedrooms, dine-in kitchen with pantry, and living room with skylights, fireplace and exit to porch with stairs to yard. Lower level: 3rd bedroom, laundry room, study, family room with fireplace and exit to patio/fenced in backyard-backs to woods! New roof/fridge/water heater! Near Timberlake Park, Rts 1 & 17, I-95, Cosner's Corner!




See the true value of your home Click Here
Need to sell your home? Contact us for special seller incentives and buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.








3803 Overview Drive, Fredericksburg, VA 22408

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked top real estate team.

Lees Parke 9317 Laurel Oak Drive, Fredricksburg, VA 22407 Open House! By-12:45Team

Lees Parke- 9317 Laurel Oak Drive, Fredricksburg, VA 22407 Exclusively Listed by VA, MD & DC Top Real Estate Agent Shawn Derrick - 12:45 Team 571-494-1245 

Open House -  Just Stop By! 6/10, Saturday, 11-1, Lees Parke, 4bed/2.5bath, Single Family Home, $360,000

Stop by this open house to receive a free gift valued at over $500!

Special incentives for buyer - call/text 571-494-1245 or email Shawn@1245team.com or NateJohnson@1245team.com to check on buyer incentives and schedule your private showing!


To see more photos of the property here.   

9317 Laurel Oak Drive, Fredricksburg, VA 22407

**Open House Sat 6/10 11-1!** Spacious home with 4 bed and 2.5 baths and a great fenced yard that backs to woods! The large kitchen has double wall ovens, island, matching stainless steel appliances, and ample cabinet space. Sitting room, family room, and eat-in kitchen with separate dining room, home is great for entertaining! Large bedroom with closets, and master suite with luxurious soaking tub, standing shower, and sitting room!


Buy this home with us and we will sell yours for free!  Contact Shawn@1245team.com for more details.










9317 Laurel Oak Drive, Fredricksburg, VA 22407

12:45 Team licensed in and serving Virginia, Maryland & DC Real Estate. Nationally ranked real estate agent.