Working With A Local Real Estate Professional Makes All The Difference FREE Millennial RE Guide

Dated: 08/11/2017

Views: 70


Why Working with a Local Real Estate Professional Makes All the Difference

Why Working with a Local Real Estate Professional Makes All the Difference | MyKCM

If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”

CentSai, a financial wellness online community, recently surveyed over 2,000 Millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender.

Survey respondents cited many reasons for their choice to go local, “including personal touch & handholding, longstanding relationships, local knowledge, and the amount of hassle.”

Doria Lavagnino, Co-founder & President of CentSai had this to say:

“We were surprised to learn that online providers are not yet as big a disruptor in this sector as we first thought, despite purported cost savings. We found that millennials place a high value on the personal touch and knowledge of a local agent. Buying a home for the first time is daunting, and working with a local agent—particularly an agent referred by a parent or friend—could provide peace of mind.”

The findings of the CentSai survey are consistent with the Consumer Housing Trends Studywhich found that millennials prefer a more hands-on approach to their real estate experience:

“While older generations rely on real estate agents for information and expertise, Millennials expect real estate agents to become trusted advisers and strategic partners.”

When it comes to choosing an agent, millennials and other generations share their top priority: the sense that an agent is trustworthy and responsive to their needs.

That said, technology still plays a huge role in the real estate process. According to the National Association of Realtors, 95% of home buyers look for prospective homes and neighborhoods online, and 91% also said they would use an online site or mobile app to research homes they might consider purchasing.

Bottom Line

Many wondered if this tech-savvy generation would prefer to work with an online agent or lender, but more and more studies show that when it comes to real estate, Millennials want someone they can trust, someone who knows the neighborhood they want to move into, leading them through the entire experience.


Irene Medina PA CRS GRI CDPE GREEN

IRENE MEDINA "Standing by YOU Every Step of the Way!" A Passion for Education and Sustainable Living Irene's passion for education and sustainable living are what make her stand out from the ....

Want to Advertise on this Site?

Latest Blog Posts

More Americans Say Now Is A Good Time To Sell

More Americans Say Now is a Good Time to Sell!Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight

Read More

5 Reasons To Sell This Fall

5 Reasons to Sell This FallHere are five reasons listing your home for sale this fall makes sense.1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of

Read More

Top 5 Reasons Why Millennials Choose To Buy

Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC]Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and

Read More

Saving Money Room By Room

There are certain rooms in the house that are known for using a lot of energy, and the bedroom usually isn’t one of them. After all, there are no energy-wasting appliances in the bedroom, and much

Read More