According to ERA Real Estate’s Home Buyer Trends, many new buyers aren’t feeling up to doing it themselves. Scoring a deal on a fixer-upper is less appealing than paying more for something move-in ready.
Martinez notes that Millenials are looking for spaces that are easy to maintain, and do not occupy a lot of their time.
Working with younger buyers? Be sure to be mobile friendly.
“We have entered real-time real estate,” says Lennox Scott, chairman and CEO of John L. Scott Real Estate. “It’s like mobile technology was made for young buyers. They have their GPS enabled mobile real estate apps, receiving instant updates when new listings come on the market in their selected area and instant communications with their network of friends for recommendations and suggestions”
“Millennials are a very social generation. They like putting their life on “blast,” meaning out there for everyone to see,” says Martinez. “If they are doing it, they are sharing it. Therefore, the homes they live in share those characteristics.”