Different Generational Buying Strategies
Yes, but it's not as cut-and-dried as that makes it sound. Recent studies show that different generations have very different motivations and strategies when it comes to buying homes. Some organizations have gone very in depth with their studies, breaking down home buying habits by each specific generation. Today, the team at Gattermeir Davidson Real Estate is here to provide an overall analysis of these different strategies by condensing them into two predominant categories: mature adults and young adults.
Mature Adults (50 And Older)
Mature adults enter the real estate market for many different reasons. Often, these individuals are not first-time home buyers, so mature adults make up a greater percentage of home sellers. When they're buying a house, mature adults tend to look for easy access to key locations such as work and the grocery store, as well as proximity to family. These individuals desire comfort, security, and good neighborhoods. As their children leave the home, mature adults are more likely to downsize in their quest for simplicity.
Young Adults (49 And Younger)
Young adults make up a much greater percentage of first-time home buyers and a much lower percentage of home sellers. Price is often a huge concern for young adults. Most young adults face major financial obligations such as car loans, student debt, and possible credit card debt, so they may have less money to put towards a down payment on their home. Despite some of these initial financial difficulties, many young adults view owning their own home as a valuable investment and a necessary step to take before having kids and raising a family.
Gattermeir Davidson - Helping All Ages!
It is important to note that these are very broad generalizations; each individual home buyer has his/her own set of unique advantages and disadvantages, likes and dislikes. Buyers, sellers, and agents alike all need to take care not to limit themselves to assumptions based on stereotypes, and instead embrace the opportunity to get to know each new person and his/her unique situations.
It doesn't matter how old you are or if you have purchased a home before - Gattermeir Davidson Real Estate is here to help every single one of you follow your dreams of buying a home at the Lake of the Ozarks. If you are ready to get started or would simply like more information about the process, check us out on our social media channels or give us a call today!
Stay connected with Gattermeir Davidson Real Estate, LLC!
Gattermeir Davidson Real Estate, LLC
It doesn't matter how old you are or if you have purchased a home before - Gattermeir Davidson Real Estate is here to help every single one of you follow your dreams of buying a home at the Lake of the Ozarks. If you are ready to get started or would simply like more information about the process, check us out on our social media channels or give us a call today!
Stay connected with Gattermeir Davidson Real Estate, LLC!
2011 REALTOR Salesperson of the Year
Missouri Association of Realtors
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049
Office | 573.365.1555
Fax | 573.365.1766
Comments
Post a Comment