It may seem like there is a simple answer to this question –
everything is relevant of course – but the challenge is drilling down to learn
what is relevant and your client won’t always be a huge help. Different things
matter to different people about where they buy depending on why they are
buying.
For example – someone purchasing a property as an investment
and/or for income may want to confirm things like the number of owners vs.
renters in a particular area, whereas someone who is starting a family and
purchasing a first home may be interested in schools in the area and the number
of young families.
Here is a short list of important neighbourhood demographics
that your client may want to know about:
1.
Ages of people who live in a community
2.
Family types
3.
Marital statuses
4.
Averages ages of children
5.
Average incomes
6.
Religions and proportions of people in
populations by religion
7.
Ethnicity and proportions of people by ethnicity
8.
Languages spoken
9.
Schools in the area
10.
Transit in the area
11.
Homeowners vs. renters
For some it may be easy to say that they would like to live
in a community where there are young families, whereas it may be more personal
to come out and say that they would like to live in a community that has a high
population of other people from the same background as their own. As a real
estate professional you may have to do a little digging.
Get to know your client! Taking the time and having a
genuine interest in really getting to know your client will build trust and
enable you to learn more about them and probe them for more information that
will help you find them the perfect home.
A checklist/survey about a neighbourhood and who lives there
is also a great tool for learning what your client is looking for in a
community. You can leverage tools like Survey Monkey to create a brief
questionnaire asking clients to indicate to you whether or not different
information about a neighbourhood’s demographics are important to them.
Leveraging technology to gather this information is better for you and more
accessible for your client. After a client signs the agreement for you to
represent them and you have gathered their basic information to get started,
you can send them a link to gather more vital information about demographics
that are important to your client.
A checklist or survey about your client is also useful when
looking at demographics in neighbourhoods that you may present to your client.
Do they have a mature family? How old are their kids? What type of
professionals are they? Do they commute to work? What is the household income
and number of people in the house? These are all important questions that can
help you determine exactly what your client is looking for.
Once you know your client and what they are looking for,
inside and out, leverage tools like GeoWarehouse (on desktop) and/or ViMO (on
your tablet) to access and present vital neighbourhood demographics information
to a client. The beauty of ViMO is that this can occur when on the road with a
client so questions can be answered immediately.
Make sure that you are getting as much information from your
client as possible, and using it to find them exactly what they want. ViMO can
help you achieve this. Visit www.myvimo.ca.