What Buyers Really Want...

 

 

Overall factors in a buyer's decision on where to buy their home is quality of the neighborhood, convenience to their jobs, and affordability of the home.  Under fifty percent of buyers report that the school district is a top factor in choosing their neighborhood.  However, this percentage is lower than it was a a couple of years ago. The number of buyers concerned about the overall  neighborhood has also gone down.

 

The typical buyer today is planning to live in their home for fifteen years.  This is definitely up from a few years ago in when that same question was asked.  A few years ago, the typical buyer planned to live in the home ten years.  

 

When I started my real estate career over 30 years ago, the typical time that a buyer stayed in a home was five to seven years.  Could this mean that as a whole, we are beginning to view stability as a better goal, rather than becoming a real estate tycoon overnight?  

 

I believe that the recession was a reality check for all of us.  Maybe everyone was not seriously affected by the recession, but we all knew people who were.  All of a sudden, our homes didn't look so bad with a little repair here and little remodel there.

 

According to the latest reports, more married couples are buying, while the number of single buyers purchasing a home this past year has lowered.  That number is probably down because of tighter credit standards when getting a mortgage.

 

Navigating the real estate process is a complicated process.  If you want to have a good experience whether purchasing your first or your next home, be sure to choose a Realtor who truly is a professional rather than the guy or gal next door or someone you know who has a real estate license. There are great Realtors to choose from in your marketplace.  Be sure to choose a good one.

 

Nancy Puder is the owner/broker of Signature Properties, a prestigious real estate firm in Arroyo Grande, CA. If you have questions concerning your real estate needs, you may contact Nancy at Nancy@NancyPuder.com or (805)710-2415 She always enjoys hearing from you!