SI Real Estate Tampa and The Beaches

Back in April, we posted a blog titled, “Younger Generation Predicted to Turn Real Estate Market Around”. We focused primarily on the young families and adults that made up Generation X (32-45 year olds). New research is also putting a lot of emphasis on Generation Y (15-32 year olds). The statistics suggest they will be a strong driving force for the next ten years! Why is this group different from their older peers? The group is about equal to the baby boomer generation, about 77.4 million individuals. By sheer size alone, they are a significant percentage of the buying market. They make up over 25% of home buying age. They tend to be highly educated; more than 60 percent of them go to college. As more of this generation joins the work force there is going to be a “massive increase in housing demands”, according to University of Southern California Lusk Center for Real Estate. Below is a list of what you need to know about this group in order to market to them: Importance of ...

The real estate saying, “location, location, location” might not hold as much weight to this generations buyers. According to Realty Times , lifestyle options including health, safety, and nearby activities may be a leading factor in home buying selection. A recent survey conducted by Better Homes and Gardens Real Estate LLC and the Meredith Corporation reveal that homebuyers prefer these traits in their community: 1. Ease of commuting by car: 38% 2. Access to health and safety services: 34% 3. Family-friendly neighborhood: 33% 4. Availability of retail stores: 32% 5. Access to cultural activities: 21% 6. Public transportation access: 19% 7. Nightlife and restaurant access: 18% 8. Golf-friendly area–access to golf courses: 6% If the community a buyer is currently living in doesn’t meet these desires, 1 in 5 homeowners have moved or would like to move to better fit their lifestyle. This data lets you as a seller know how to market your property to the way home buy...

Buying a new home can be very exciting, it is important that still being a savvy buyer while getting what you want in your new home. One of the most overlooked factors in a new home purchase is buyer representation . Although many builders are great and have great new homes sales consultants, as a buyer you need to have your own personal advocate and representative! Before viewing new construction homes and reviewing options, it is prudent to speak to a local agent who is familiar with the process and the area. The prime example of real estate buyers seeking to go it alone is on new construction. Builders make it so convenient and easy to walk into a new community and get set up for your new home. Why would anyone consider having a buyer’s agent with them when viewing new construction? The following represent a few examples of your benefits: Free Representation The most important factor for any buyer having a designated agent is representation. This professional is your expert ...