How do I sell my house to Millennials?

Do Millennials use real estate agents?

89% of Millennials would use a real estate agent. Yet, they may be harder to please compared to other generations. 63% of Millennial home sellers would use their agent again, or refer the same agent to another. These are the lowest percentages of any generations surveyed.

What Millennials want in a house?

Millennials are buying homes later in life than previous generations and are doing away with many of the traditional home elements their parents desired. Trends among millennials include a desire for multifunctional and community spaces, and homes with modern, sustainable elements.

How do Millennials target in real estate?

Here are 27 tips for effective real estate marketing to millennials.

  1. Stand Out on Social Media. …
  2. Turn Open Houses Into Events. …
  3. Have a Modern Website. …
  4. Use Facebook Ads. …
  5. Manage Your Social Media Content. …
  6. Focus on Online Content. …
  7. Engage on Social Media. …
  8. Market on Other Social Media Platforms.

What do millennials want in a realtor?

Millennials are also hugely influenced by their peers. They look toward their friends and family members for referrals and validation of a real estate agent, so it’s imperative that real estate agents who want to attract a millennial client base maintain a strong online profile.

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Where do rich millennials live?

California is home to 44% of the nation’s millennial millionaires, between the ages of 23 and 28, who are concentrated in Silicon Valley. New York, Florida, Massachusetts, Texas, Washington, New Jersey, Virginia, Illinois and Maryland round out the top 10 states.

Can millennials afford homes?

Nearly 70% of millennials, according to a 2019 study from the rental platform Apartment List, say they cannot afford a house due to rising prices, and a recent study by the Federal Reserve Bank of St.

Do millennials want smaller homes?

Many home buyers, especially millennials, are opting for smaller homes to free up time for things like traveling and spending time with friends and family. Living in smaller homes and downsizing on possessions also offers more freedom to move if the desire arises.

Do Millenials want to buy homes?

Although it’s taking them longer than their elders, millennials are buying homes in droves. Their preference for technology has changed both the way people shop for homes and mortgages and the job of the realtor. This shift could lead to a more streamlined home buying process altogether.

What percent of millennials own a home?

According to the Apartment List report, homeownership rates among Millennials continue to trail previous generations. At age 30, 42 percent of Millennials own homes. That’s down from 48 percent of Gen Xers when they were the same age and 51 percent of Baby Boomers. And some Millennials are in no hurry to buy.