Many millennials even admit to rarely checking their voicemails. In fact, 75 percent of millennials prefer texting over talking, and 86 percent prefer to receive texts over calls from companies because texts are an unobtrusive, more convenient, and on their own schedule. In this day and age, most millennials regard their smartphones as an extension of their arms. “Nothing can replace the real insights and guidance realtors deliver to help consumers navigate the complex buying and selling process,” says Chris Polychron, NAR president. While the above mentioned sites facilitate property searches, agents are still needed to interpret the information and provide knowledge when it comes to closing complicated deals. Therefore, realtors should step up their games and become experts on their local market. Sites like Redfin, Trulia, and Zillow make it easy for homebuyers to find exactly what they are looking for without even consulting an agent.
If you are working with a millennial buyer, chances are, they have their eyes set on a real estate bargain before ever contacting you. Most millennials are up to date with all of the changes and advances in technology, and are utilizing them to their advantage when finding deals realtors should consider changing their strategies. No longer is driving for dollars the only option to find a deal for those without a large budget.
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Millennial buyers have capitalized on the advent of new technologies when finding deals while millennial sellers are utilizing a variety of platforms to obtain free leads. Millennials are jumping on the bandwagon and starting to not only realize the benefits that come with owning a home, but also the rewards that come with implementing the right real estate investment strategy. “Fixed monthly payments and the long-term financial stability homeownership can provide are attractive to young adults despite them witnessing the housing downturn and subsequent slow recovery in the early years if their adulthood,” explains Lawrence Yun, NAR chief economist. However, according to the 2015 National Association of Realtors Home Buyer and Seller Generational Trends study, millennials – those 34 and younger – were the largest group of recent buyers making up 32 percent of all buyers. They were seen as individuals constantly on the move, a group that undervalued the benefits of homeownership, and young people who spent more while saving less. 5 Redfin.For years, people often thought of millennials primarily as renters – not buyers – for a number of reasons. RISMedia delivers the latest real estate news and trends, best practices, events, social media and technology for.
What is the best real estate blog to read? When your investment property is ready to sell, simply post the address on Realeflow’s active buyer network (or on your pre-built Realeflow website) to attract the right cash buyers or renters to your property. How do I Sell my investment property on realeflow? Redfin is a real estate brokerage that is on a mission to reinvent real estate in the consumer's favor. Redfin Blog Breaking real estate news and analysis, the latest housing data, lifestyle and celebrity design tips, and so much more.
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