Buyers speak! Why they want your home . . .

Buyers speak!  Why they want your home . . .

 

Although the demographics of home buyers often shift to reflect changes in the market, the motivations to make a home purchase are largely constant from year to year. The primary reason to purchase a home remains the desire to own a home of one’s own. Nearly a  third of all home buyers cited this as their reason to purchase a home in 2012, and 60 percent of first-time home buyers cited this as their primary reason to buy.

Repeat Buyers were more motivated by their changing circumstances:  new job, growing family, etc.

Age differences are important too.  While younger buyers are mostly pulled by the desire to own, older buyers seek proximity to friends and family,  and things related to retirement (including ranch-style floorplans).  Younger buyers responded to market conditions – it’s a good time to buy – while older buyers are more likely to compromise and make a decision on what’s available.

2012_reasons_to buy in Winston Downs

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