If you are thinking about purchasing a home I want to give you some updated information to help you understand the 2010 buyer facts, trends, and demographics. Brian Buffini puts out stats in his real estate report and I think they will help you better understand what home buyers are focusing on.
First time home buyers are usually married couples and repeat home buyers are most likely married couples. We know the typical buyer purchased a 3 bedroom/2 bath home in 2010. Twenty percent of buyers were women while fifty nine percent were married couples and twelve percent were single men. The average buyer searched for 12 weeks and viewed 12 homes before purchasing. With new technology, such as videos of virtual tours, hopefully you won’t have to waste time viewing that many homes. A good Realtor can find the best home to suit you quickly and efficiently using the MLS Database. You can preview the homes online through the RREA.com website.
Most buyers needed help from their Realtor with finding the right home, negotiating the terms of the sale, negotiating price, and completing the paper work. Before you purchase a home in The Woodlands or Spring area, call an RREA Realtor to help you. Our Realtors are trained to assist both Buyers and Sellers with all of their Real Estate needs. You can reach a Realtor at 281.288.3500.
One of the most highly sought after feature when purchasing a home in 2010 was energy efficiency. More than one third of buyers did not make any compromises on their home while 19% compromised on price and 19% compromised on size. Very few buyers own more than one home. Repeat buyers plan to hold their property for 15 years, but many times they sell sooner due to job changes and economic and marriage changes.
The top features that influenced where buyers purchased are listed below:
1. Neighborhood Quality
2. Commute to Work
When you are in the market to purchase a home, you want an experienced Realtor to work with you every step of the way. You want someone that knows the area and can answer all of your questions and be available to you. Call RREA today to find a Realtor that can assist you throughout the whole transaction!