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How sellers can catch the first-time buyer wave this summer

4 home improvements sure to attract millennials
  • The more people you can get to appreciate your home, the more likely you are to sell it in this competitive real estate season.
  • Concentrate your selling efforts on millennials and first-time homebuyers, as they are expected to make up the largest buyer pool this summer.
  • Eliminate burdensome costs that could scare away younger buyers, and focus on kitchens and baths.

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The spring real estate market has been one of the busiest in nearly a decade, with homes moving the fastest since the start of the housing recovery, and asking prices reaching record highs. As the summer market heats up, first-time homebuyers are expected to make significant contributions to the already-impressive buyer pool, catapulting demand higher than it has been in years. It is in every seller’s best interest to meet the demands of first-time buyers. Remember, selling is a numbers game; the more people a home appeals to, the more likely it is to sell in a timely and profitable transaction. Provided millennials and first-time buyers show up in the numbers they are expected to this summer, those looking to sell are advised to take note of what their buyers will want the most. If you want your property to attract what is expected to be one of the largest homebuyer demographics this selling season, consider making the following adjustments: 1. Remodel the kitchen ...