303-915-6815
 Welcome to the COHomeSite.com Blog

2019-04-18 13:04:29
Local 2019 Real Estate Trends (Millennial Buyers)
It’s not just Boomers and Gen Xers anymore, Millennials are taking over the buyer market!  No, it’s not your imagination, millennials are finding careers, getting older and are leading all other generations in buying homes.  According to the National Association of Realtors, Millennials have purchased more homes than all other generations for the fifth consecutive year.(1)


 
As household income for Millennials increases, they are buying their first homes primarily in middle and upper-middle class neighborhoods.  What could this mean for you?

If you’re thinking about selling and with Millennials in mind, here’s what will sell your home:
  • Size matters but how the space is used is more important.  Make sure your house is uncluttered and streamlined.  It’s always easier for a buyer to visualize “their” new home with the space void of personal items.  Think of the pictures you see in home magazines and try to reproduce those images in your home.
  • Buyers are leaving the suburbs and are moving back to the cities. With restaurants, shopping, parks, easy transportation and other amenities, Millennials are on the move back into town more often buying houses than condos.  Homes within striking distance to historic old towns are in high demand.
  • High-tech and low-maintenance are high on the list for Millennials.  Updated homes with modern appliances sell for a premium.  The more complete the upgrades, the better.
  • Internet exposure for you home is critical.  Gone are the days of looking at twenty homes a day to find the right one.  Most of the shopping is done online with less and less time spent on the ground.  In order to make a great impression, high quality photos are a must and landing pages must be complete and easy to use.
  • Sellers continue to seek the assistance of a real estate agent when selling their homes.  Across the board, sellers use an agent close to 90% of time.  The near universal use of an agent to sell a home helped keep for-sale-by-owner transactions at their lowest share ever for the third straight year (8%).(2)
If you’re considering buying, here’s what you need to know:
  • If you can be flexible, it will work to your advantage.  If you’re looking for a fully updated, three-bedroom, single-family home, be prepared for some competition.  If you can make some concessions, the results may be better.  Either way, working with a real estate agent who knows the area, the available homes, and the market is a must.  Often, a qualified agent can find you a home that’s not even listed in the MLS which is much more difficult if not impossible on your own..
  • If you’re thinking you may save some money on a purchase by working directly with a listing agent and not having an agent represent you, you’re likely wrong.  Last year, 90% of Millennial home buyers used real estate agents to purchase their homes (92% of younger Millennials).  This is higher than the 84% of other generations who used an agent.  Millennials say that the top benefit of working with an agent was understanding the buying process.(3)

Wondering what your Boulder, Lafayette area home is worth in TODAY'S market?  Call us at 303-915-6815 or email us for a FREE, no obligation home value report.

Visit and like us on Facebook (click here)!
 
Blog Archive
2019-04-18 13:04:29
Local 2019 Real Estate Trends (Millennial Buyers)

2019-04-17 15:46:12
Top Outdoor Features That Buyers Are Looking For

2019-04-17 15:45:50
Top Tips For A Summer Ready Home

2019-04-10 17:28:16
Is a Real Estate Investment Still Profitable?

2019-04-08 13:25:45
Your Home’s Spring Maintenance Checklist

2019-03-12 18:11:39
4 Reasons to Buy a Home in the Spring

2019-02-07 13:54:53
The KonMari Method: Helping You Prep Your House For Sale

2019-01-18 13:53:28
What is the Cost of Waiting Until Next Year to Buy?

2019-01-15 11:25:10
Buying a Home Young is the Key to Building Wealth

2018-12-10 12:33:03
What If I Wait A Year to Buy a Home?

2018-12-05 13:09:01
Where Are Interest Rates Headed in 2019?

2018-12-04 12:31:57
The #1 Reason to Not Wait Until Spring to Sell Your House

2018-11-06 10:47:52
5 Tips When Buying a Newly Constructed Home

2018-10-19 08:42:58
20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]

2018-10-08 12:04:11
Join Us for Our 2nd Annual Pumpkin Giveaway!

2018-10-02 09:53:11
Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

2018-09-25 11:24:11
Where Are Mortgage Interest Rates Headed In 2019?

2018-09-19 12:04:46
Lafayette Front Porch Streetscape Project is underway

2018-09-04 10:35:14
5 Reasons You Should Sell This Fall!

2018-08-22 13:10:54
5 Real Estate Reality TV Myths Explained

2018-08-21 15:27:54
Your Guide To Local Fun: August 2018

2018-08-17 14:52:58
One Huge Difference Between the 2008 Housing Market And Today

2018-08-15 13:49:20
Homes More Affordable Today than 1985-2000

2018-08-10 10:02:32
Buying Is Now 26.3% Cheaper Than Renting in the US

2018-08-08 16:17:22
Denver Café Named In Bon Appétit's Top 50 New Restaurants

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.