Young homebuyers in the market are savvy shoppers. They have grown up at the cusp of the digital age and are quite comfortable shopping online for homes, mortgages, and later on remortgages. They are looking for more than a house. They want a great deal and they are looking for future experiences that will involve them in their home, neighborhoods, and communities.

Many are shopping for energy efficient homes or those that can be refurbished to be kinder to the environment. They may want to live close to a positive job market area, but they won’t take a convenient location over one that offers opportunity for comfortable outdoor living or other positive features.

Some are looking for investments. They want to put their money into a mortgage versus renter’s fees. Others look for properties that allow a dual purpose of living there while providing income that can be put toward the mortgage. They are even keen into living in the smaller area to provide higher rental income by offering the larger home area to renters.

This new type of homebuyer is likely to give a boost to the housing market as they will not shy away from properties that need a little TLC and work. Sweat equity isn’t something the young are afraid of putting into an investment property.

These types of buyers will be interested in starter homes, older homes, or unique multi-use or multi-family homes. They might even be interested in larger properties that are offered at a great deal due to the desire of the owners to sell quickly and downsize.

First time buyers are not just the usual young family unit. Many are singles, new career ladder climbers, and those hoping to someday reap rewards from their investment.

Homeowners with homes that could fill this specialty niche of first time buyers should consider marketing their home for sale with them in mind.