There are different years mentioned for Millennials. Some say Millennials are Born between 1980 to 1994, Others say 1982-2004. Millennials are currently between the ages of 25 and 39.
Knowledgeable first-time home buyers: Millennials are more informed when it comes to renovations, repairs and real estate process than other generations. Since they grew up during the development of the internet, they are very tech and research savvy. They're able to find ways to access important information such as listings, neighborhood reports, HGTV home renovation videos and other types of real estate information on their own.
In 2019, they will rely on real estate agents to share information that they can't find online such as neighbourhood developments, local market forecasts, local housing regulations and more.
In 2019, online presence will have a huge impact on a Millennial to hire an agent. Having quality testimonials, attractive social media profiles and online tools/resources are important factors that shape their decision-making in hiring an agent.
Buying preferences: In many instances, Millennials and Boomers are competing for the same home. Some similarities between the groups include a walkable and engaging neighbourhood as well as a smaller home with upgraded amenities.
In 2019, they will account for most of the first-time home buyer market as they gain more purchasing power, acquire higher paying jobs and get married.
The Graff Girls Say Definitely worth it! We had a pre-home inspection on a home we just sold. The buyer read the report but decided to have their own inspection done.
Their agent called to say thank you for having a pre-home inspection as there were no surprises and her clients firmed up the deal without any hesitation!
SO, SAY YES TO HOME INSPECTION! The home inspection familiarizes the buyer with the mechanics of the home and what to be aware of in future years. For a seller, a pre-home inspection informs them of anything that may need to be fixed prior to putting the house on the market to avoid a buyer asking for rebates after negotiating a deal!
We are in the “make it happen” business. That’s what clients hire us to do.
When clients need to sell their home quickly, and for the best price, we make it happen.
When clients need to find and buy their next dream home, we make it happen.
When a client wants the entire process to go smoothly and successfully, we make it happen.
How do we make it happen? When we begin working with a client, we ask a lot of questions. It’s important for us to clearly understand what a client really wants. Then, we use our professional skills, training, knowledge, and experience to make it happen!
So, if you’re looking for a “make it happen” REALTOR®, give The Graff Girls a call.
The Graff Girls work with all buyers and recognize what they are about.
Connecting with Millennials does not always come easy to other generations, and it doesn’t help that there are a lot of contradictory opinions and generalizations popping up daily. Millennials are described as both fickle and brand loyal, having short attention spans and laser focus. We’re told in one article that their buying decisions are most influenced by social media and in the next, that they base their buying decisions on peer advice. We’re also told that Millennials aren’t financially stable enough to purchase homes and yet every stat proves otherwise.
In addition to the seemingly contrary information, Millennials have grown accustomed to distancing themselves from traditional processes and channels, and instead, attempt to go it alone.
The Graff Girls have found when working with Millennials we establish a relationship of trust and guidance that makes for a strong bond and a successful turn of events.
Have you ever worked with someone — a lawyer, an accountant, a contractor — who dropped the ball when it came to communication? Perhaps they failed to return your phone calls promptly or didn’t get back to you when you had a problem or concern.
We can only imagine how frustrating that must be.
In fact, you worry about that very thing when it comes time to select a REALTOR®. So, let us tell you how The Graff Girls work:
We return calls and emails promptly.
We get back to our clients quickly when they have a problem or concern.
We explain everything clearly and answer questions fully.
We keep our clients in-the-loop, so they always know what’s happening.
Our clients are Our priority.
By communicating effectively, we are able to ensure our clients have a better buying or selling experience. That’s important to us.
So, in the spirit of good communication… call or email us, if you have any questions. We will get back to you right away.
The Graff Girls Look At Different Buyers and Their Wants and Needs:
Generation Xers are born between 1965 and 1979, Generation Xers are currently between the ages of 40 and 54
A.Tech-savvy upsizing: Gen Xers are ready to upsize and they are using the internet to research and communicate with others to do so. Though not as tech-savvy as their Millennial counterparts, they spend about 2hours per day on social media looking for the latest news and keeping in touch with friends. Plus, they are more likely to use mobile than a PC/laptop when searching for a product to buy online (59% mobile vs 54% PC/laptop)
·According to an article from MediaPost.com, “Email is the primary means of messaging but they also like direct mail still…They like Facebook and YouTube, accounting for more than 1.5 billion YouTube views per day."
B.Upsizing preferences: Gen Xers are looking to sell their first home and upsize to accommodate their growing family. Their main focus in 2019 will be to find affordable housing in a family neighbourhood where there are high paying job opportunities so they can grow their families, have education opportunities for their children and save money for the future.
Whatever your age is The Graff Girls understand and respect your needs and wants.
March #'s are in The Toronto Real Estate Board (TREB) has released the housing figures for March, and with 7,187 sales reported across the region, volume was unchanged from the same time last year. The average sales price of all transactions rose to $788,335, representing a year-over-year gain of 0.5%. The average days on market for sold properties was 21. While March sales and pricing remained flat, the number of new listings fell 5.1% to 13,996. Active listings were also down 2.5%, leaving the current supply at approximately 2.2 months of inventory. Such low inventory would typically suggest seller’s market conditions, however, the OSFI stress test continues to impact buyers’ ability to qualify for a mortgage, which has largely kept prices and sales volume in check. As buyers look for more affordable housing options, it’s interesting to note the jump in March’s townhouse sales. Last month, 1,253 townhouses sold in the GTA, representing a 12.1% annual increase. In the 416, where housing is priced at a premium, the increase is even more pronounced, rising 15.2%. We expect to see increasing interest in similar property types until a point where pricing becomes less attractive. At an average price of $741,881, townhomes in the 416 were more than $500,000 less than the average single detached home, and only $140,000 above the average condominium, which went over the $600,000 mark. While at an average sales price of $603,969, the price of condominium apartments continues to appreciate, sales volume was down notably, as a result. In the 416, the 1,349 condo sales represent a 14.1% drop in sales from last year. As the price gap between condo apartments and high density low-rise continues to narrow in the 416, expect to see increasing demand for multi-unit low- and mid-rise housing or increased sales activity in the 905.