What Realtors should know about Millennials

 

 

 

 

 

By: Leslie Heimer at HousingWire 

FACT: Nearly half of Millennials (now between the ages of 20 and 37) live in suburbs.

FACT: New Home Inventory is low… very low. However, builders are trying to find a way to increase construction of new, entry-level homes to accommodate the growing need. This is good news as would-be buyers have been frustrated in their search for a home that meets their needs  – and their budget.

FACT: A large portion of Millennials – slightly less than half – are already purchasing their second or third homes. (Wow!)

Working with Millennial buyers

First, communication is key.

Millennials are well connected and have a large network. Their neighbor, relative or friend of a friend likely knows (or is) a real estate agent.

However, they value key components and are not as likely to simply accept a referral without doing their research.

  • Be social and have your contact information easily accessible online. Have you googled yourself lately? Do your contact information, website and social media platforms quickly pop up?
  • Do you have a professional headshot? Monitor your online image and provide content that speaks to the clients you want to attract.
  • Be ready to text, email, tweet, FaceTime and message. This is not your momma’s real estate market, and we must evolve with the next generation of clients.
  • Tech up! Make the process convenient for them with slick apps and technology they can really submerse themselves in. They are much more apt to preview a virtual tour on their mobile device than schlep across town and fight I-4 traffic.

Read More: Here

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

We Buy Detroit Houses!

We assist all homeowners no matter the situation. Start by giving us a call at 313-355-0149 or fill out the form below and tell us more about your property problems. Remember, we buy houses in ANY CONDITION in Michigan!
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *