In the competitive housing market, millennials are willing to take chances for a shot at homeownership. Ninety percent of millennials recently surveyed by Clever Real Estate say they’d be willing to buy a home “sight unseen.” Eighty-two percent would be willing to buy a fixer-upper that needs major repair, while 80% are willing to offer over asking price.
Millennials are getting the message that they need to act fast to get a house in today’s competitive housing market, where bidding wars have become common. They say they’re willing to max out their budget entirely to buy a home. One in six millennials say they’d even offer $100,000 or more above the asking price for their dream home.