What Millennials Need to Know About Real Estate Agents

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Millennials, a demographic defined as individuals between the ages of 18 and 34, are at an age where you would expect homeownership to be top of their goal list. However, for many, it is not. Only 43% of Canada’s millennials have taken the step towards homeownership. While there are many reasons why these individuals shy away from purchasing their own property, for those who are taking the steps towards owning a home, working with an experienced real estate agent should be a priority.

Here’s what all millennials need to know about real estate agents.

Agents Are Willing to Work With You

Agents Are Willing to Work With You

Millennials are known for their open-minded nature. If you are a millennial, you are also likely a curious individual that values your independence. This independence and curiosity might encourage you to tackle major projects on your own. For example, you may want to try handling real estate transactions without the help of an agent.

Unfortunately, this is not a wise decision. There are many reasons why choosing an experienced real estate agent is the smartest choice when purchasing a home. A few reasons include:

The best agents are well connected
Your real estate agent can walk you through the buying process
They can explain the jargon and other terms that will arise during the process
Your real estate agent has the experience and training to assist with the negotiation process

You Will Still Make Your Own Decisions

Who doesn’t like being in control—especially when it comes to coveted life’s savings? You likely don’t want to be micromanaged and told what to do during every step of a process. That is not the job of a real estate agent. A realtor will provide advice when asked and can help guide you. The best agents understand that this is your transaction and you should be in control. The buyers are the ones who will have to live with the decisions they make, and they should use their agency to make all final decisions.

We Are Doing Our Best and Working Our Fastest

We Are Doing Our Best and Working Our Fastest

Millennials were raised in a time of instant gratification. If you have a question or want to know something, you can immediately turn to technology to receive it. The real estate process is not something that can be completed in a day. It is a process that can take several weeks to months. There are several factors that will affect the length of the closing process including the financing, issues with the home, listed contingencies, etc.

All buyers, regardless of their age, should understand that your real estate agents are working as hard and as fast as they can to help you close on your home. You need to be patient and possibly accept a longer time frame.

Your Agent is One of Your Greatest Resources

Your Agent is One of Your Greatest Resources

When you have a question, you shouldn’t always turn to the internet. While you can find information quickly, the information you receive may not be accurate, it may be outdated, or it may not even be pertinent to your specific location. When you work with a qualified real estate agent, you will have direct access to an expert with the right knowledge. You have someone to answer all of your questions and to provide information specific to your own situation. It is difficult to find that kind of individualized care browsing the internet.

Are you a young first-time homebuyer? Are you ready to enter the market? Click here to see how Knowledge Broker can help you reach your goals and start your journey.

At Knowledge Broker, our goal is to create an open-source of information for all our clients. We want to ensure that, at the end of the day, they get exactly what they want and what they need. If you know someone who could use our help or services please put them in touch with us or send us their details using the contact information below.

JOSHUA CAMPBELL (@knowledgebrkr)
Real Estate Broker
Coldwell Banker The Real Estate Centre, Brokerage
j oshua@knowledgebroker.ca
249 Avenue Road • Newmarket, ON L3Y 1N8
289.231.0001