Millennial Renters and Homeownership

Millennial Renters and Homeownership

We are subscribers to 1000Watts’ Inside Real Estate service and they have provided several research pieces, the most recent one being a report on a survey of 600 Millennial renters and what they want as part of home ownership.  While we can’t provide the whole report, here is a summary of some of the key findings.

  • 9 out of 10 Millennials want to own their own home, which has only been cemented deeper during the pandemic
  • Millennial renters watch the market by watching homes online – 60% do this more than once per week
  • 57% are able to work remotely, 40% are willing to relocate to find an affordable home
  • 31% would buy a home without seeing it, another 34% might buy sight unseen if there was no a way to see it in person.  In total, 64% would buy sight unseen under the right circumstances!
  • Climate change impacts about half of how a buyer things about buying a home too

So the largest buying group (over 60% of buyers are Millennials) have high intent that is portable and not subject to a physical property visit.   It sounds like virtual selling tools can work wonderfully here, both for the potential buyer, and for you as the real estate agent that is waiting to be found by these people.

In terms of how often they search, over half search for a new home several times per week.

The report also revealed what features Millennial buyers are looking for, and surprisingly an office space is not at the top of their list:

When it comes time to hiring an agent, a feeling of trust is most important, but other factors include:

Finally social media is important, and the newest, shiniest platform, TikTok, is an opportunity for those that are ready to engage there.  Anecdotally, we have heard from a large online media provider that TikTok is killing it for leads as well. 

Appointment Dates in Manage Tours

Appointment Dates in Manage Tours

Now your confirmed appointment date and time will show up under Tour Status on the Manage Tours page.  In the past, it was only sent via email, and often, people could not find it.  When you place an order, your provider will call you to confirm a time and date.  If you have a specific time in mind when you place an order, you can add that time by selecting Other and then entering in the exact time for that day.  

This goes to the service provider as part of their work order, so they know exactly when you want the appointment.  This is not a Confirmed Time until the service provider contacts you to confirm your desired time.  Note, we also fixed a bug that did not display the time right on the work order, so we apologize for any past miscommunications as this was recently discovered!

When you and your service provider agree on the exact time and date, the service provider puts that info into our system and it now shows up on the Manage Tours page under Tour Status.If you have a change to the time, it is best to just forward the confirmation email back to support@floorplanonline.com and we can coordinate changes with the service provider.  Just provide your new desired time and date and reason for change.  Note, changes need to be made outside of 24 hrs of the confirmed appointment to avoid any change fees.  At times there may be different things to juggle around and just changing it in the system can be problematic so please reach out to care for changes. .

Spotlight Tour- Week #114

Spotlight Tour- Week #114

A True Gem!!!!!

Sammamish, WA

See The Story of This Home

A true gem in scenic Aldarra Estates! Impeccably cared for by original owners, this gorgeous Buchan sits on a unique lot with no neighbors in front or behind. Featuring an amazing floor plan with extensive millwork, coffered & tiered ceilings, stately pillars, Brazilian cherry flrs, & phenomenal main floor guest suite! Primary boasts its own private deck with beautiful Cascade views and sitting area with fireplace. Ensuite with newer frameless shower & a Kerdi system for water proofing. Completely private & beautifully landscaped level back yard with large patio. Dream garage with new epoxy flooring & parking for 3 large vehicles plus 4th bay enhanced with tons of beautiful built-ins & real safe room. New exterior paint in 2020. 2 community parks, one across the street!

Professional HDR photography by Christine C.

 

If you are interested in listing your home or have questions, please contact:

 
 

 

 

 

 

 

Leslie Hancock

Windermere Real Estate

14405 SE 36th Street, Suite 10, Bellevue, WA 98006

 
 

Spotlight Tour- Week #113

Spotlight Tour- Week #113

Tudor Beachfront Chateau!!

Normandy Park, WA

See The Story of This Home

Historic French Normandy style Tudor beachfront chateau greets you with front row panoramic views of the Puget Sound. Built by C. S. Hughett, “This house was considered to be the first built in 1929 according to the plans of the developers.” – While retaining it’s timeless charm, enjoy refurbished master craftsmen details, cobblestone driveway, copper gutters, coved ceilings, slate patio and impressive fireplace. Dine in the sunroom and experience year-round sunsets on your very own shoreline, or around your beachfront fire-pit and take in sights of whales waving and eagles soaring. Unmatched serenity and elegance.

 

Professional HDR photography by  Orhun U.

 

 

If you are interested in listing your home or have questions, please contact:

 
 

 

 

 

Beverly Auffray

EXP REALTY

2211 Elliott Avenue Suite 200, Seattle, 98121

Virtual Showings in times of Covid, and beyond

Virtual Showings in times of Covid, and beyond

The real estate market continues to be on fire across the country.  In many cases homes are selling in days, if not hours.  So you might be asking…why do I need a virtual tour with advanced content in such a hot market?

Answer: It can help you Win the Listing & Win the Sale.

a video of the matterport and first person walk through.
Win the Listing

  • 99% of sellers think it makes their home more competitive
  • 88% of sellers want agents that offers 3D tours
  • 82% of sellers would switch agents too

Win the Sale

  • Sell for up to 9% more than the market average
  • 92% of buyers more likely to buy if it had this content
  • 84% of buyers think floor plans online are important 
  • 55% of all buyers (64% of Millennials) would buy sight unseen with the right 3D content

See all the Research here.

Win the Listing.

In order to have a listing, you need to get it in the first place.  As you see on our Research page, 88% of sellers want to work with agents that offer 3D tours because 99% of them think it makes their home more competitive. Futher, 82% of sellers would even switch agents to one that offered 3D tours. So it stands to reason, if you communicate how you will use technology to create this kind of content at the listing appointment, you will immediately differentiate yourself from most other agents that are only offering photos (and in many cases not very good ones), and get that listing, every time!

So if you’re looking for an edge to get that listing, use our customizable listing presentation template at your next appointment and walk away with the listing. You can even use our sample tour and show the seller in real-time a tour with all the content you can provide for their home.  You get a copy of this tour when you sign up to create your free account.  It has your branding, including logo, photo and our contact lead form, so you can show prospective sellers how it will work right from your iPad or laptop.  It even has an active Matterport 3D Walkthrough experience so you can show them the complete functionality and how it is the safest way to show their home, and much less hassle too.  If you have been with FloorPlanOnline for some time, you can add the active Matterport into the sample tour.  See our help doc on how to add Matterport to your sample tour. You can even use the sample tour as ad content – post this tour to social media, create an ad (boost the post on your Facebook business page, for example) and show people how you will market their home in real-time. 

The Tour can also help get you more listings online by getting you seen in more places, because our patent-pending Brandkeepr process converts the unbranded tour you put into the MLS back to a branded one on sites like Zillow and Realtor.com, for free. We recognize where the user is coming from and automatically convert it on select sites. It helps get you more business, just like it did with Valerie who parlayed one listing into 2 more deals with a gross commission income value of $2.5 million, or around $75,000 in ADDITIONAL commission. This is a FloorPlanOnline exclusive and only available with our tour.  

As I can attest, FloorPlanOnline can help you get more business.  

I received a call from a potential buyer who saw one of my listings online.  While the home sold quickly and she was too late, she was so impressed with my marketing presentation, powered by FloorPlanOnline, she not only hired me to sell her high-end home, but I helped her buy her new one, too. That one listing was responsible for an additional $2.5M in sales.

I would not have gotten the new client by providing just photos.  This buyer specifically called me based on my FloorPlanOnline presentation. That’s why the FloorPlanOnline platform is my go-to team for creating amazing content for my sellers, as well as a tool for new buyers through its HomeDiary integration, which can be a channel of new business too. 

Valerie MacKnight

Broker/Realtor, Windermere Real Estate

The bottom line is this – your listing gives you a free opportunity to not only market your listing, but yourself, IF you use the FloorPlanOnline Tour, because Brandkeepr shows your brand on the top sites people use most, and it leaves breadcrumbs back to you, just like Valerie experienced.

“Just uploading photos to the MLS does not maximize your potential to get free leads and advertising on sites people actually use most…namely Zillow, Realtor.com and Redfin.”

You never know who might be looking at your listing.  It could be someone downsizing, as in Valerie’s case.  Or it could be something that lives in a multi million dollar mansion and it looking at rental properties.  Each of these touch points is an opportunity for you to showcase how you will market their home when it comes time to sell.   I can guarantee Zillow will be marketing to these same people with similar content – they are just going to want them to use the Zillow apps.  Look at Zillow’s research – floor plans and 3D tours are highly desired content by buyers, and they can flip that to benefits for the seller.  If you use our tour, you provide more and better content, and keep it out of the hands of Zillow.  

Win the Sale.

The FloorPlanOnline tour not only can help you differentiate at the listing appointment, it can help you differentiate online with our tour, which can also be a source for not only buyer leads, but seller leads, as Valerie experienced.  But remember, sellers were once buyers, so what resonates with buyers, also resondates with sellers. According to Zillow research, 84% of buyers think floor plans are important content to have as part of the online search process.

Unfortunately, covid appears to be with us for some time into the future.  Covid has shifted the dynamics of home marketing. Over 50% of buyers are leery of in-person home visits. Further, 55% of all buyers, and 64% of Millennial buyers (the largest buying group), say they would be willing to buy a property sight-unseen IF the listing had the right kind of 3D content and floor plans.  Let me repeat that:

“55% of all buyers, and 64% of Millennial buyers (the largest buying group), say they would be willing to buy a property sight-unseen IF the listing had the right kind of 3D content and floor plans.”

You can provide safe and effective virtual showing tools that can actually increase the number of people “touring” your listing.  All of this technology keeps your sellers safer and it is frankly a lot more convenient for them, and for you.  They don’t have to leave their house every time someone wants to see the home, and buyers can use it to tour a home anytime, or use it for potential remodeling projects: to measure for new carpet or hardwoods, to get estimates for painting or wall paper estimates, or to count the number of doorknobs, hinges or even light bulbs for updating.  The FloorPlanOnline tour is really the next best thing to being there, and it can pay for itself by capturing just one more deal for you.

Given more and more people are likely coming to your city from out of town, make your listing accessible anytime, anywhere with the 3D Walkthrough Tour. It can increase the demand base to anyone with an Internet connection, and per research, can it increase the final sales price by up to 9% MORE than the market average. So it pays for itself – as we all learned in economics, increased demand drives up prices, and this is how you do it for your listings! This is a win-win for you and your seller.

Get started with a free account

Sign-up to get your free account & sample tour. Login here if you already have an account.

Spotlight Tour- Week #112

Spotlight Tour- Week #112

BETTER THAN NEW!!!!

Kansas City, MO

See The Story of This Home

The FloorPlanOnline Tour at work – this listing for the Cone Team sold for a full price offer with no contingensies or inspections in 4 hours.

Former model home for Riverstone Reserve! Remarkable two-story with open concept living and spacious rooms. All upgraded appliances including Bosch gas cooktop and convection oven with walk-in pantry. Fifth bedroom on main floor with full bathroom nearby. Gorgeous flooring and decorator crown moldings, Plantation shutters, Hunter-Douglas blinds, and surround sound speakers. Master suite with luxurious soaking tub and spacious shower. Covered Trex deck with ceiling fan and rolling shade to enjoy the beautiful backyard. Heated garage adds even more value. A beautiful home inside and out!

Professional HDR photography by Brooke W.

 

If you are interested in listing your home or have questions, please contact:

 
 

 

 

Kim James

The Cone Team/ReeceNichols

6340 N Lucerne Ave, Kansas City, MO 64151