Youngest First Time Homebuyers
By Peter Tamura, BANNOCHIE TEAM
(Coldwell Banker Select)
Ethan and Brittany recently bought a home in Tulsa, Oklahoma for $160,000. They are the youngest home buyers I've ever worked with, the previous was a tennis pro Olivia who was 23 and Alex, a nurse, she was also 23. Ethan is 22 and Brittany is 19!The average age of a first time home buyer in the US according to HUD is 33. So when I witness an outlier event like this, I like to review exactly what happened and ask some questions in order to motivate other people and show the steps to do something similar.Ethan did live with his parents for two years, he is a chef at a country club. Brittany says about him, "He doesn't spend money, he works and saves." He managed to save over $20,000, the down payment and closing costs for their home was a little over $12,000.Starting at a younger age giv...