Buying a home is an important milestone in any San Antonian’s life. Whether it’s your first time buying a house or you’ve purchased a home before, it’s a big decision that requires a lot of thought, effort, and planning. Right now, millennials (adults ages 22-40) are buying more homes than any other age group, accounting for 37% of all home buyers — and they’re doing it differently than previous generations.
One way that millennials differ from their predecessors when it comes to buying a home is that they’re waiting longer to make their purchase. Several elements affect this phenomenon, including increased student debt and the fact that millennials are less likely to live in a family of their own compared to members of Generation X and baby boomers.
Another major distinguishing factor between millennials and the generations before them is their familiarity with and reliance on the internet. With the endless data the internet has to offer at their fingertips, millennials are spending more of the home-buying process behind the screen, and they’re doing so for two reasons: to find and view homes and to shop for online mortgages. Nearly 100% of millennials use the internet to research the housing market, which is almost double that of baby boomers.
Although using the internet throughout the undertaking of buying a home may be essential for millennials, the internet can’t do everything. Nothing outweighs the personal touch and expertise that a Realtor can add to the home-buying process, such as the members of the San Antonio Board of Realtors (SABOR).
One of the most valuable assets of a Realtor is their experience. Most people only buy a few houses in their lives, but Realtors work through the home buying and selling process from start to finish countless times every year. A Realtor can provide millennials peace of mind knowing that they are working with a professional who can offer expert guidance throughout the entire process.
That expertise also extends to market data and real estate insights. Realtors, for example, have access to the Multiple Listing Service (MLS), which offers more information to buyers about a potential home than you can find via standard search engines online. Additionally, they’ll have an in-depth understanding of the city and what each neighborhood has to offer, which will allow them to help you find a home that fits your dream lifestyle.
When it comes to making an offer on a house, they’ll not only know what a fair price is, but they’ll have the skills necessary to negotiate with the seller to get you the price that’s right for you, your family, and your budget.
For millennials thinking about buying a home, it’s important to understand the limitations of the internet and the power of having a Realtor on their side. The San Antonio Board of Realtors has over 13,000 members, making it the largest professional trade organization in San Antonio. With such an extensive network, Realtors can offer millennials unrivaled insight and expertise as they search for their dream home.
If you’re thinking about purchasing a home, SABOR can help you find the perfect place. You can connect with SABOR and find a Realtor at sabor.com.