Technology, Millennials and Appraisal

Millennials aren’t as young as they used to be. In fact, a whole lot of them have had kids at this point. And you know what that means. First comes love, then comes marriage, then comes a new interest in the housing market along with a baby and a baby carriage.

The older millennials especially are poised to heavily impact the housing market. Since most homebuyers are under the age of 40, it’s no surprise!

Millennials, like all of us, rely on technology for their home buying decisions. Like I talked about in a previous article, relying on technology for a valuation is a bit of a risk.

If you’re in the general millennial age range, I think you’re wise to use resources like Zillow (etc). It’s also fine and good to ask for help from an expert in your field. A lot of houses never make it to websites like Zillow before they’re sold. Another fact to consider is that 36% of home buyers under 40 who saved up for a mortgage, still didn’t have quite enough to cover their home. A home valuation from a professional could help you figure out what to do about that.
Again, in the end, online tools are great. They’re especially great as supplements. It’s a difficult market out there. Let someone in, to help.