Buying a Home in Your 30s? Here’s Everything You Need To Know
Pop quiz: What’s the average age when most people buy their first home? Thirty-four, according to the credit reporting company Experian. And if you’re near that age and thinking of buying a home, the decision to proceed probably has a lot to do with your life’s journey thus far.
“Homebuyers in their 30s tend to be more financially mature,” says Jason Gelios, a real estate agent with Community Choice Reality in Southeast Michigan. “They usually have a larger amount of savings and a partner who’s involved with the purchase. Plus, they’ve had time to establish credit, which can qualify them for a better mortgage rate.”