Buyers Say Price is Number One Reason to Buy

Buyers are big on the price when buying a home. Who would not be? Everyone wants a bargain. I have a few specific buyers that I am working with now that keep telling me to make sure I send them details about the really good deals. Now these buyers are not necessarily looking for a foreclosure or some type of property that needs a major overhaul, but they just want a great house for the money. There was a house close to our office that was a four bedroom 2 1/2 bath home (about 2400 sq ft) on almost half an acre that was a great deal. It was only a few years old, in very new condition. A bank wanted to moved it fast. So they priced it about $25,000 less than what it sold for a few years ago. Boom it was gone in a week. Awesome deal.

The key thing is to keep your eye out everywhere and be consistent with your search if you are serious. Believe me the deals go fast. You need to get yourself on a special internet search where the properties come right to your email. The search I use for my customers is free and can be canceled or changed at any time. You really don’t want to use one right from certain broker sites because some of them take up to 48 hours to put out the listings once they are on the market. The one that I use for my clients can send you an email notification as soon as an hour of it being listed. You can’t get much faster than that unless you have inside information.

Here is some great info on what Households are saying about buying a home in the current market

“Survey: Households Say Now is Good Time to Buy
More than three-quarters (78 percent) of potential first-time home buyers say that now is a good time to buy a home . . . . Out of the 1,000 prospective U.S. first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better time to buy than six months ago.

Prices are the driving motivation for potential first-time home buyers with more than eight of ten first-time home buyers (85 percent) saying they consider current home prices affordable and 73 percent citing that taking advantage of current prices is a major factor in their decision to buy. . . . . .

* Bargains in the marketplace are providing additional options for buyers to consider. 56 percent of potential first-time home buyers are considering purchasing a foreclosed or short sale home, and 63 percent are open to purchasing either a “fixer-upper” or “as-is” home.

* When asked to rate the features that they look for when choosing a home, price is the primary consideration with 87 percent saying this feature is “very important,” followed closely by neighborhood safety (80 percent) and the condition of the home (71 percent).”

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