• What Realtors Should Know About The Millennial Housing Market What Realtors Should Know About The Millennial Housing Market

    0 comments / Posted on by Steven Rivera

    What Realtors Should Know About The Millennial Housing Market

    The millennial generation is considered a little enigmatic in marketing circles, and a considerable amount of research has been conducted to understand how they think, what they buy and how they live. The real estate industry is taking serious notice as well.

    At 75.4 million strong, millennials have now surpassed baby boomers as the largest generation alive, according to the U.S. Census Bureau. However, with 57 being the median age of today’s homeowner, millennials still fall behind boomers when it comes to homeownership.  (Source: Zillow Group Consumer Housing Trends Report 2018)

    So what do shifting tides in real estate’s newest power generation mean for the industry? One thing is certain: Whether buying, renting, or investing in real estate themselves, millennials are a true force in today’s housing market.

    Key Drivers in the Millennial Housing Market

    Jobs

    Though it might seem obvious, proximity to career centers is the first priority of the millennial housing search.

    Recent polls reveal 87% of millennials say career opportunities and ongoing professional growth are important to them. Combine that with another study showing this generation tends to “job-hop,” switching jobs an average of four times in their first 10 years after college (compared to two times for the previous generation), and here you have a group that prefers areas with many employment options.

    Affordability

    Because many in the millennial generation are still paying off student debt and confronted with stiff competition in a low-inventory housing market, affordability is key.

    Of the millennials who are looking to...

    The millennial generation is considered a little enigmatic in marketing circles, and a considerable amount of research has been conducted to understand how they think, what they buy and how they live. The real estate industry is taking serious notice as well.

    At 75.4 million strong, millennials have now surpassed baby boomers as the largest generation alive, according to the U.S. Census Bureau. However, with 57 being the median age of today’s homeowner, millennials still fall behind boomers when it comes to homeownership.  (Source: Zillow Group Consumer Housing Trends Report 2018)

    So what do shifting tides in real estate’s newest power generation mean for the industry? One thing is certain: Whether buying, renting, or investing in real estate themselves, millennials are a true force in today’s housing market.

    Key Drivers in the Millennial Housing Market

    Jobs

    Though it might seem obvious, proximity to career centers is the first priority of the millennial housing search.

    Recent polls reveal 87% of millennials say career opportunities and ongoing professional growth are important to them. Combine that with another study showing this generation tends to “job-hop,” switching jobs an average of four times in their first 10 years after college (compared to two times for the previous generation), and here you have a group that prefers areas with many employment options.

    Affordability

    Because many in the millennial generation are still paying off student debt and confronted with stiff competition in a low-inventory housing market, affordability is key.

    Of the millennials who are looking to...

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  • House Hunting Can Be Fun House Hunting Can Be Fun

    0 comments / Posted on by Steven Rivera

    House Hunting Can Be Fun

    Associating house hunting with fun can be considered to be an oxymoron but by following a few simple tips to stay organized in the process it can turn out to be a lot of fun. Keeping tabs on the properties you’ve viewed can streamline the process and actually give you enjoyment in one of the most important decisions of your life; your first home purchase.

    List your Must Haves

    As you make your list of must-haves for your property, start with the basics: square footage, bedrooms, bathrooms, storage space, etc. Then expand on your list to include the amenities that you want: a garden, a den, a basement, countertop type, etc. Not only can this list help you stay on track during your house hunting, your real estate agent will use this information to find homes that meet your needs. You can use Pinterest to help you organize notes and photos for the must haves that excite you.

    Browse the Neighborhood

    Once you’ve narrowed down the neighborhood, spend some time checking it out. The only way to know if its the right fit for you would be to take a stroll, spend some time in town and possibly a bite to eat. Go for a walk, talk with the locals, and patronize some of the local stores - that will give you a good feel. A good idea would be to grab some lunch nearby after the open house to get a vibe for the area. Truly immersing yourself in the culture and...

    Associating house hunting with fun can be considered to be an oxymoron but by following a few simple tips to stay organized in the process it can turn out to be a lot of fun. Keeping tabs on the properties you’ve viewed can streamline the process and actually give you enjoyment in one of the most important decisions of your life; your first home purchase.

    List your Must Haves

    As you make your list of must-haves for your property, start with the basics: square footage, bedrooms, bathrooms, storage space, etc. Then expand on your list to include the amenities that you want: a garden, a den, a basement, countertop type, etc. Not only can this list help you stay on track during your house hunting, your real estate agent will use this information to find homes that meet your needs. You can use Pinterest to help you organize notes and photos for the must haves that excite you.

    Browse the Neighborhood

    Once you’ve narrowed down the neighborhood, spend some time checking it out. The only way to know if its the right fit for you would be to take a stroll, spend some time in town and possibly a bite to eat. Go for a walk, talk with the locals, and patronize some of the local stores - that will give you a good feel. A good idea would be to grab some lunch nearby after the open house to get a vibe for the area. Truly immersing yourself in the culture and...

    Read more

  • Halloween Decor Dos and Don'ts When Selling Your Home Halloween Decor Dos and Don'ts When Selling Your Home

    1 comment / Posted on by Steven Rivera

    Halloween Decor Dos and Don'ts When Selling Your Home

    Halloween begins the holiday season when home decorations, both outdoor and indoor are on display through the new year. If you home is on the market now, you can still bring out the decorations, but with some cautions.
     
    Curb appeal is the first step to entice buyers through the front door. First impressions alone can sell your home. Little goblins and ghosts are accompanied with parents who are in the home buying frame of mind. Be prepared to make the most of your curb appeal by toning down the decorations, especially for Halloween, so that potential buyers can actually see the beauty of your home.
     
    Safety first. Always. Keep the walk in front of and to your home clean and debris-free. Make sure the walkway is well lighted to avoid accidents. This Halloween, go more for the fall look with pumpkins and flowers rather than a collection of screeching bats and frantic witches. You’re selling a home and it should always feel warm and inviting, not frightening.
     
    Be sure that all your windows are nice and clean and let the sunshine in. This year, avoid taping paper decorations to your windows. Turn the lights on and create a warm autumn atmosphere inside your living room. This coziness will help buyers see themselves sitting by the fire.
     
    Take down the decorations the day after Halloween except for the Thanksgiving fall type décor. It’s back to staging the best curb appeal possible. Sellers who leave decorations up long...
    Halloween begins the holiday season when home decorations, both outdoor and indoor are on display through the new year. If you home is on the market now, you can still bring out the decorations, but with some cautions.
     
    Curb appeal is the first step to entice buyers through the front door. First impressions alone can sell your home. Little goblins and ghosts are accompanied with parents who are in the home buying frame of mind. Be prepared to make the most of your curb appeal by toning down the decorations, especially for Halloween, so that potential buyers can actually see the beauty of your home.
     
    Safety first. Always. Keep the walk in front of and to your home clean and debris-free. Make sure the walkway is well lighted to avoid accidents. This Halloween, go more for the fall look with pumpkins and flowers rather than a collection of screeching bats and frantic witches. You’re selling a home and it should always feel warm and inviting, not frightening.
     
    Be sure that all your windows are nice and clean and let the sunshine in. This year, avoid taping paper decorations to your windows. Turn the lights on and create a warm autumn atmosphere inside your living room. This coziness will help buyers see themselves sitting by the fire.
     
    Take down the decorations the day after Halloween except for the Thanksgiving fall type décor. It’s back to staging the best curb appeal possible. Sellers who leave decorations up long...

    Read more