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Become a REALTOR | 48 Posts
Uncategorized | 1 Posts
January
2

Marketing to Millennials - BHHS Homesale Careers

Millennial buyers are making their way into the real estate market. Increased earning capacity and low-interest rates are encouraging many to invest in communities where they can put down roots and build their careers. Millennial buyers are an underserved market which is why Homesale encourages you to tailor your marketing to this demographic. 

  • Strengthen Your Presence Online
    Most millennial buyers start their property search by visiting your website and your social media pages. It is crucial that your online presence is solid and thoroughly integrated. Most importantly, you should use your website, Twitter, Facebook, Instagram, etc., to educate and engage millennial buyers. Sharing useful information and promptly answering their questions will build brand presence and create a foundation for a professional relationship.

  • Show Your Reviews
    Millennial buyers will read reviews from former clients to determine whether you're the best fit for their needs. You can never have too many positive reviews posted to your website, social media pages, and sites such as Angie's List, Yelp, etc. It's advisable to develop a steady stream of reviews from clients. This helps establish a long-term trend of positive engagement with clients. Further, you will want to have a list of previous clients handy so that they can make direct contact and discuss your services in greater detail.
       
  • Concise Communication is Crucial
    Millennials are bombarded with emails, text messages, advertisements, and other data throughout the day. When communicating with millennial buyers, respond using the method they used to contact you. Further, keep your communications short, sweet, and straight to the point.

  • Stage Your Listings
    Image is important to millennial buyers and they want to purchase properties that appear as if they came to life from the pages of a magazine. Incorporating the latest designs and decor goes a long way towards attracting millennial home buyers and encouraging them to make an offer.

  • Ditch the Open House; Host an Event
    Everyone puts out fresh baked cookies and an assortment of coffee, fruit punch, and other treats for an open house. This bores almost everyone who has ever bought a home. Mix it up for millennial buyers. Hire a DJ, throw a BBQ, and make it a party. You can tie the theme to the season or the design of the home. This turns a simple open house into an event that encourages millennials to rest, relax, and spend some time enjoying the property as if it were their own.
       
  • Be Prepared to Address Financial Barriers
    Millennial homebuyers often have high amounts of student loan debt and other financial obligations that can impact their ability to afford a home. It's crucial that you have a thorough understanding of the loan products that are available and the programs that they may qualify for. It's a good idea to establish relationships with financial planners in your area. They can work with your clients to pay off and restructure their debts so that they can comfortably afford to purchase the home they desire.

  • Understand the Millennial Mindset
    All sales involve incorporating a touch of psychology into the process. Millennial buyers like it when the sales process is simple, the agent is authentic, and the details are easy to digest. You want to create a memorable experience that transcends the transaction and develops into a positive, long-term relationship. 

Contact BHHS Homesale Realty to learn more about marketing to millennial homebuyers, as well as a successful career in real estate.