Seattle Residential: I Do That: Advice for Gen-Y home buyers

Advice for Gen-Y home buyers

Advice for Gen-Y home buyers

In This Post

Gen-Y home buyer profile, and what to watch.

 

In a recent post Some Encouraging Words - A Look Ahead   Eleanor Thorne  relays information that Gen-Y buyers will be out in numbers and recommends what we as Realtors should pay attention to if we want their business.

Here is a bulleted list of Gen-Y traits she suggests we pay attention to: 

  • Gen Y loves instant gratification
  • Gen Y is notorious for not being able to wait in line
  • Gen Y is known for having big expectations.  
  • Gen Y is tech dependent.

home for sale

This is a timely article, and I agree that agents need to embrace the methods of the buying public.  I also have some ageless advice for the Gen-Y would be home buyer.

·         Instant gratification is nice if you are scoring concert tickets or you can take a day off from work to wait in line all night and be the first in line to get the latest i-gimmick. In reality, you will probably own and interact with your new home at least 50 times longer than you will with you next 10 personal communication devices.

·         You don’t have to wait in line to buy a house, but one good tip is make sure you’re not the only one interested in a particular house before you buy it.

·         Big expectations are a good thing to have. Make your list and understand that some things you may have to compromise on. You will be able to change most things later.

·         Relying on technology is important but when shopping for a home, rely more on your five senses plus the good sense of an experienced Realtor, a local, recommended Realtor, and a respected, detailed inspector.

Location – Live near to places you often commute for work or entertainment.

Location – The environment: A condo? A townhouse? A stand alone. A small lot or large? What will your life be like when you are hanging at home? Spend a few hours in the home, yard and neighborhood. Knock on doors and ask neighbors how they like living there.

Location – Will anyone else want to live in this spot when you're ready to move on. Resale is important.

 

Have patience, my young friends. Work with professionals who go into hundreds of homes each year. There is no money back guarantee if you want to return the home in the first 30 days.

 

 

 

 

 

Glenn Roberts
Retired

 

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Comment balloon 3 commentsGlenn Roberts • April 14 2010 11:15AM

Comments

Great advice, Glenn.  I would like to add that Gen Y loves to see themselves on video!  They've grown up with reality TV and YouTube.

Posted by Kathryn Acciari, Brand Ambassador and Business Coach (Century 21 Real Estate) over 8 years ago

Excellent advice Glenn and very well said!  Especially your comment that there is no money back guarantee!!

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) over 8 years ago

Kathryn - I'm trying to learn video and be proficient at that to meet the need. Thanks.

Al and Peggy - Everyone needs to know that you can't just dump a house on Craigslist and make a profit, espeially if you just bought it last month and the kitchen sink is already full of take out containers.

Posted by Glenn Roberts (Retired) over 8 years ago

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