Wedding Blues to House I do’s
Tags: first time home buyers, weddings, house hunting, covid 19, coronavirus, knowledge broker, real estate
It is no secret that the COVID-19 outbreak has ruined a lot of short-term plans. With restrictions and shutdowns put in place, engaged couples have had to cancel their weddings, receptions, and honeymoons. I always try to turn an unfortunate situation into a positive one. So, while although this is extremely devastating for couples, this is also a great time to take a different path.
On average, weddings are approximately $30,000. This is a huge expense for (typically) a one-day event. Marriage is a milestone that does not necessarily have to be celebrated only by a wedding. And right now, it is uncertain when people can have weddings again.
Right now, many couples are pivoting and are not letting the money they had saved for their wedding to sit in a bank account. Instead, they’re putting those funds towards a down payment for their first home together.
TRREB contracted Ipsos Public Affairs to conduct an online survey to learn more about home buying and selling intentions. Despite a decline in sales and listings, home buying intentions were found to be strong for younger people from 18 to 34 (45%). Why not take this opportunity to find the home where you can create long-lasting memories with your partner?
COVID-19 may have put a dent in your original plans, but what matters is how you adapt and move forward. This could be a silver lining for many first time home buyers.
At Knowledge Broker, our goal is to create an open-source of information for all our clients. We want to ensure that, at the end of the day, they get exactly what they want and what they need. If you know someone who could use our help or services please put them in touch with us or send us their details using the contact information below. And before you go, click here to take the Knowledge Broker Quiz and see exactly what we can do for you!
JOSHUA CAMPBELL (@knowledgebrkr)
Real Estate Broker
Coldwell Banker The Real Estate Centre, Brokerage
249 Avenue Road • Newmarket, ON L3Y 1N8