Next-gen Buyers Are Open to Virtual Buying Opportunities

Luxury home buyers under age 50 approach the home purchase with a greater interest in virtual home purchasing than the traditional buyer.

This openness creates many opportunities for attracting international buyers. Those seeking property in the Middle East and Africa are particularly interested in a long-distance purchase (57 percent are open to it).

The real news here is the shift in mindset from having to visit the residence in person versus having a video overview or a trusted advisor walking the property and making the recommendation to buy.

No, I would only buy a residence if I visited it in person Yes, I would buy a residence without personally visiting first