RE/MAX Realtor Bianca Rzeslawski Educates Millennials on Home-Buying Process

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San Diego Realtor Bianca Rzeslawski, of RE/MAX 24K, dispels the myth that Millennials cannot afford to buy a home or presume that the dream is out of their hands.

Bianca Rzeslawski, RE/MAX 24K

Right now the San Diego market has slowed down slightly, which is good for buyers because that means where they were once priced out of the market, they are now actually able to negotiate.

San Diego Realtor Bianca Rzeslawski, of RE/MAX 24K, dispels the myth that Millennials cannot afford to buy a home or presume that the dream is out of their hands.

“This is simply not true. There are so many programs and you never know if you’ll qualify until you work with a lender who can help you get there,” said Rzeslawski. “Right now the San Diego market has slowed down slightly, which is good for buyers because that means where they were once priced out of the market, they are now actually able to negotiate.”

Previously the market was slightly more challenging. There was not enough inventory and there were lots of offers coming in for the same listing. The shift in the market within recent months has changed that, opening the door for first time home buyers.

“My philosophy is that if someone is renting and paying more than $2,000 a month, they need to be looking at their options because they could be paying a mortgage. A lot of people don’t realize that buying a home is an investment,” added Rzeslawski. “With a starter home you may not be in your ideal home, or your forever home, but if you buy a home where you can see yourself living there for five years, you are building equity in that time to be able to move up to a larger home or a nicer location.”

In a recent article on CNBC, researchers found homeownership declining most steeply among people under the age of 30, when compared with other generations. Working with a lender, however, can get Millennials in a place where they can buy in six months or a year. A lender is like a financial adviser, as they can assess one’s income and debt and then put them on the right track to homeownership. Seasoned lenders will also be able to tell a potential buyer what debts to pay off to clean up their credit faster. Keep in mind that one’s first home is hardly ever their forever home.

“It’s a stepping stone and a way to build wealth so that you can, later on, purchase your forever home,” stated Rzeslawski. “Home prices in San Diego have gone up on average 4% per year. An investment purchased today will have approximately 20% growth in a 5-year period. That is better than any retirement fund or any savings account can offer. My goal is help people improve their quality of life through homeownership.”

Rzeslawski purchased her home when she was 25. She worked and saved enough for a deposit and closing costs and just started looking around at homes. She looked and submitted offers and just forgot about them because at that time it was a hot market.

“I got an offer accepted on my top choice, and that was 5 years ago. I paid $238,000, came in with 10% down on a conventional loan on a home that wasn't in the best neighborhood so I rented it out,” Rzeslawski concluded. “The home is now worth somewhere around $380,000-$400,000. I've never lived in it and my tenants are amazing. The area in the 5 years has changed and continues to change and get better. What I bought it for then and what I could sell it for now would end up profiting me somewhere in the ballpark of $160,000.”

About Bianca Rzeslawski, RE/MAX 24K
San Diego native Bianca Rzeslawski began her career in 2006, straight out of high school, and has since devoted her life to serving San Diego residents as a Realtor and Property Manager. As Founder of 24k Property Management, she’s worked alongside homeowners managing their investments and assisting buyers and sellers throughout the sales process. Bianca has a Bachelor’s Degree in Business Administration and is a member of the National Association of Hispanic Real Estate Professionals. For more information, please call (619) 702-2400, or visit http://www.24krealestate.com.

For media inquiries, please call the NALA at 805.650.6121, ext. 361.

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