The Great Age Divide: How the young and the older buy real estate differently and what marketers need to know about it

 Fifty-one percent of 25-34 year olds say they don't want to work with a real estate broker when buying a home and prefer getting their house hunting information from marketing materials, renderings and websites, according to a survey by Neoscape, Inc. The sentiment is even stronger among 18-24 year olds, 81 percent of whom say they do not want to work with a broker, whereas only 38 percent of people over 55 years old did not want to work with a broker.

Mobile apps are also ascendant among the young and affluent:

• 55 percent of those under 34 years old find a mobile app more influential than a broker, whereas only 14 percent of people over 55 use mobile apps.
• Nearly a quarter of people who make more than $100,000 use mobile apps.

"While technology is changing how we shop for almost anything today, we were surprised by how quickly sentiment is changing about the traditional home buying process, and it's clear that the real estate industry needs to shift how it markets property – especially to first-time homebuyers, who are increasingly urban, savvier and more independent than ever. Brokers especially need to harness technology to remain relevant with the younger demographic," said Rodrigo Lopez, chief creative officer, Neoscape.

Meanwhile, when asked what most influenced their decision when they bought a home within the last year, 85 percent of buyers of all ages said property websites, followed by word of mouth at 77 percent. Brokers and mobile apps tied for influence at 62 percent, which is why brokers need to use mobile apps differently for different age groups and income levels.

Age is not the only factor that determines a buyer's willingness to rely on a broker. Income plays a big role, as well. The more a buyer earns, the more likely they are to work with a broker. Among the affluent who earn more than $100,000:

• 64 percent reported using a broker
• 72 percent rank a broker as their most used resource when looking for a new home

The survey also showed that data becomes increasingly important for those at the higher end of the income spectrum; the heart doesn't always win out in the end:

• 94 percent use property websites to gather data when deciding to purchase a new home
• 60 percent say they think with their head over their heart
• Of those who think with their heart over their head, almost half of them (46%) make less than $50,000

Survey Methodology:

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John Windle Joins Coldwell Banker Apex, Realtors

John Windle has joined Coldwell Banker Apex, Realtors as a full-time sales associate, based in the organization’s McKinney Office. A multimillion dollar producer, John brings 15 years experience in Texas real estate to the organization.

John, together with his wife Lynn, are launching the Windle Group, build a team of real estate professionals designed to meet the needs of buyers and of sellers.

John is a skilled and passionate negotiator who works tirelessly night and day to ensure that his clients get the very best deal possible for their home buying dollars. Whether buying or selling, John carefully analyses the market to help his clients make informed decisions that best suits their goals and lifestyles.

John began his real estate career at RE/MAX Properties of Rockwall, Texas in 1999, after more than two decades in sales management. During 10 of those years, he owned his own business. John decided to change careers after building is own home for the first time. John realized that he had a knack for navigating through the complex home buying process and negotiating with new home builders. By combining his natural talent with his background in sales management, John offers his clients the highest standard possible in real estate representation.

More recently, John served clients at Home Marketing Services, focusing mostly on buyers.

In his spare time, John is an accomplished musician and performs regularly around North Texas with the classic rock band StoneAge. He also enjoys a good game of golf.

John lives in McKinney, Texas with his wife Lynn, who is his partner at Coldwell Banker Apex, Realtors. They have four children and two grandchildren.

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