o They’re big. Gen Y ranges from 72-78 million nationwide and 2 billion worldwide.
          o The Web is their playground. They track down their friends on MySpace, they download their songs from iTunes, and they send e-mails from their phones while waiting on line at Starbucks. And, you better pay attention to their e-mails because they expect a fast response. 
          o They buy young. One average, Gen Yers buy homes at age 26, three years earlier than most Generation Xers, according to a Century 21 Real Estate study in 2006.
          o They have hectic schedules. Their lives are a lot busier than their parents were at their age. They are always moving.
          o They do their research. Don’t try to pull the wool over their eyes. You better know what you are talking about, because they will have done their research.
*  Consider using a smart phone to easily send and receive e-mail from the field.
    * Have a great website. It’s a given that young buyers will search for homes online, make sure your site is out there for them.
    * Include tons of photos, virtual tours, and informational resources to help Gen Yers do their research.
    * Advertise listings on Craigslist, which is hugely popular with Web-savvy Gen Yers.


 

3 Comments on Targeting the Gen-Y Group

MAR
20
2008
2 Featured Posts Localism Sponsor
Joel - I just posted a comment along these same lines to someone else last evening.  I have established a profile on Facebook, which is huge for the Gen-Y Group and was shocked to realized just how few Realtors are even reaching out to people on this widely popular site.  (I'm also on MySpace, too.)
11:19am • #1
This is a start!  As a gen y'er I do have to say that I do my homework through technology before I hire anyone for anything.  You have to be sure to have all your technology in order because we are greedy hehe.  We want to know answers NOW :)
11:19am • #2
1 Featured Post Outside Blog
Yes, us X-ers and Y-ers are the future of Real Estate... X-ers are buying the baby boomers homes when they retire!  It's a lot different animal dealing with our generation than the boomers, or the silent generation.
11:20am • #3

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Joel Reitman

Southold, NY

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Daniel Gale Sotheby

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