The condo market is very hot now, and millennials are the next generation of buyers. This group is highly interested in condo living, and they are the ones who are investing in these units, so if you are looking to sell, it’s important to understand your target audience.
A very large percentage of first-time homebuyers are millennials, and knowing the features they are interested in will help you get your home ready for a sale. You must first realize that the average millennial is very different from past homebuyers. Many of them are not interested in fixer-uppers when searching for a condo. They don’t want to repaint a kitchen or make any significant upgrades and want a move-in-ready unit instead. Condos that are in tip-top shape
will attract millennial home buyers, so you have to make sure your home is move-in ready, as this will be far more appealing to this group, and you may also be able to get your hands on a better asking price as well.
Millennials are also very interested in modern condos, so if your unit is too traditional or outdated, you have to work on this aspect. An open concept floor plan, great closets and modern bathrooms will stand out, and millennials will be quick to make an offer when they see these upgrades. Traditional homes will not be very appealing to this group, so your home may not get as much interest, which would work to your disadvantage. The kitchen and bathrooms
are extremely important, so make the necessary upgrades if you want to sell your condo fast and increase its value.
Open houses have always been effective, but many millennials prefer looking for homes online, so you have to make sure your profile is both attractive and appealing if you are targeting millennials. Your online profile must highlight the best aspects of your home through professional photographs, which must be bright and eye-catching. Professional quality is a must, and do not alter the photos in any way as millennials will not appreciate this aspect. It’s also important that you feature a short video of your home so that viewers can get a look at each room but make sure you do not exceed the two to three minute mark. A lot of millennials will locate potential homes online, so you have to have a strong online presence, and your profile must generate interest if you want to receive offers.
Location is another very important factor that millennials will consider, and Cherry Yeung will help you in every regard. You must work with a reputable real estate agent, and I will help you buy the perfect condo because I listen to my clients and their needs and show them properties accordingly. Having an experienced realtor by your side will make a world of difference, and my knowledge will ensure you find the exact condo you are after. I can also show you the houses that are for sale in the Burnaby, Vancouver and Richmond areas, so contact my office today for more information!