Delivered February 1, 2020. Contributor: Agnidip M.
To build an overview of what successful real estate agents do to attract new clients, especially young families, who are looking to buy their first and second homes.
Those who were born between 1965 – 1979 and are currently between 40-54 years old are known as GenX. As this is the population cohort closest to our desired age-group of 45-55, we primarily looked into insights focused on this generation.
According to the National Association of Realtors' ‘Home Buyer and Seller Generational Trends study’, every one in six Gen-Xers purchased a multi-generational home in 2019.
According to houselens.com, Gen-Xers prefer to work with experienced agents who can provide in-depth assistance, such as evaluation of particular properties, providing regular market reports for the area where they’re buying or selling etc.
Therefore, the marketing content needs to focus on information around family-friendly amenities, schools data, commute times, work-life balance opportunities, character of the neighborhood etc.
According to studies done by housingwire, the members of GenX are in their peak earning years with median earnings exceeding $100,000 a year. This generation is considered to be the largest generation with kids still living at home.
Therefore, to sell successfully to this generation, the agent needs to keep in mind that they may be looking for bigger homes at a higher price point to accommodate their family and lifestyle needs.
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