Facts About the Millennial Real Estate Trends in Dallas
Finding a top Dallas real estate agent for all the buyers can be a challenging process especially for millennial buyers as they are first time home buyers and there are over 30,000 real estate agents just in the Dallas-Fort Worth area! Millennial buyers and sellers have a number of things that are important to them that they look for in a REALTOR they want to hire.
The top characteristic that millennial buyers and sellers look for in a Dallas real estate agent are honesty and trustworthiness.
According to the 2019 Home Buyers and Sellers Generational Trends Report. by National Association of REALTORS, over 28% of buyers 21 to 28 years (Younger Millennials/Gen Yers) and over 22% of buyers 29 to 38 years (Older Millennials/Gen Yers) look to hire an honest and trustworthy agent. This percentage is much higher than buyers in other age segments. One of the possible reasons for this is that most of the millennial home buyers are first time home buyers and lack experience in real estate transactions. They are able to access a lot of information online but they still want someone knowledgeable and trustworthy to help them make sense of the complicated real estate sale and purchase processes.
Other methods used by millennials to find a REALTOR include:
Agent is friend or family member
Agent has caring personality/good listener
Agent is timely with responses
Agent seems 100% accessible because of use of technology like tablet or smart phone
Agent's association with a particular firm
Active in local community/volunteerism
Millennial life in Dallas
The five best Dallas suburbs for millennials, according to a recent report by Thrillist are:
Of course, the best neighborhood for you may be different from any of these areas listed. With nearly 40 suburbs in the Dallas area, you are sure to find a neighborhood to match your “must-haves” list and narrow down your top choices. Contact us for an in-depth analysis of your needs and recommendations along with market reports of various neighborhoods in Dallas!
If you are interested in moving to our great city of Dallas and need help finding a home, I would appreciate the opportunity to help you. I have lived in Dallas metro area for over 16 years. Since many of my clients are relocation buyers, I have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, I can make this process as comfortable as possible no matter where you are located.