by Dan Wolf
on Monday, October 6th, 2014 at 10:33am.
If you are over the age of 50 and trying to sell your home, you may have noticed a lot of younger buyers interested in Anchorage real estate. Staging a home to appeal to younger buyers can increase your odds of getting solid offers.
Experts say Millennials are most likely to buy starter homes. First-time home buyers often search for homes in the lower price range, but they may spend more if the home doesn't seem too old-fashioned. According to a recent study by Trulia, half of all Millennial home buyers say they plan to ask relatives for down payment money.
If you haven't received many offers, you could be making a few key mistakes that prevent a younger buyer from considering your home. Staging a home to appeal to as many people as possible can lead to a coveted "bidding war."
Downplay formal areas
Most Millennials would rather have a home office or media room rather than a formal living or dining room. The same holds true for members of Generation X in their late 30s and 40s. Staging a home for Millennials can be as simple as moving the dining room table to an eat-in kitchen area and staging the formal dining room as a home office.
Create space for entertaining
You don't need to have a bonus room or a home theater to convince a person that a home is great for entertaining. If you can't think of how to stage your home for younger people, enlist the help of Millennial-age children or grandchildren. It pays to put antique furniture in storage or move your possessions into your new home.
Take yourself out of the picture
Staged homes often sell for a higher price. Staging a home is about showing off the home's potential so different people can envision themselves using the space. Although antiques and family photos are lovely, they may prevent younger buyers from seeing themselves living in the house.
For more information about selling your Anchorage home, please contact us.