When it comes to searching for homes for sale in Lakeland, FL., each generation has its own way of doing things. That said, there are also quite a few similarities between some generations. For example, the oldest and youngest home-buying generations usually make sure to see a home in person, rather than rely solely on an online listing. Also, while only five percent of home-buyers go without the internet in their quest to find a property, less than one percent looked for a home without consulting a real estate agent. Provided below is a breakdown of how the home-buying process shakes out for every generation.
- Regardless of generation, the first step in buying a home was searching for properties online. Most older Baby Boomers tended to start this step by consulting a real estate agent, Millennials usually started by asking friends and relatives and the Silent Generation were most likely to go out and drive around to find a home.
- Most buyers tend to search for eight weeks, averaging out to eight homes examined; elder Millennials and Baby Boomers tended to search for 10 weeks, while the Silent Generation tended to stop after a mere six weeks.
- Generation X tended to view the most homes, averaging out to eight; younger Millennials and the Silent Generation usually skipped online viewings in favor of an in-person viewing.
- For 56% of all home-buyers, the hardest step to buying was finding the right property; younger Millennials had a notably harder time at 64%. Since Millennials occupy the greatest demographic of first-time home-buyers, it makes sense that they are also most likely to have issues understanding the many steps in the home-buying process.
- As previously indicated, 95% of all home-buyers have used the internet to look for a home. It is because of those internet searches that buyers tend to walk through a home that they have previously viewed through an internet connection with an exterior viewing of the property following after.
- The one website feature that was vital for 90% of home-buyers under the age of 57 turned out to be photos of the property. While all age groups appreciated a detailed breakdown of a property for sale, Generation X was most likely to place a priority on virtual tours.
- In regard to internet searches among home-buyers, there is a solid split between those who favor a desktop or laptop and those who prefer to search on a mobile device. This split seemed to break along age, with those aged 56 and younger favoring a mobile search and those above the age of 56 favoring a traditional computer.
In Summary
You now have a good idea of how the members of each generation goes about finding their home. While there is quite some variance in how each generation goes about buying a home, it is a unanimous statement that all generations found satisfaction in their quest. Furthermore, this satisfaction tended to rise with age.