The Demands of 1st Time Home Buyers
The term "starter home" seemingly refers to an entry level property, one that is affordable
yet needs tender love and care. But with many homes available in today's market, current first-time buyers want places with a little less need for improvement. In a survey of 300 consumers who purchased their first home last year, 87 percent said finding a move-in ready home was important to them.
According to the National Association Of Realtors, first-time homebuyers accounted for half of the market. Several consumers experienced benefits after buying their first home:
*67% said the market afforded them the chance to obtain a home sooner than expected.
*Half said they found a home in a more desirable neighborhood than expected
*61% were able to get a home at a better price than expected
*43% locked in a lower interest rate than expected
Buyers can be choosy about what appeals to them and are now recognizing the benefits of the low price and wide selection of many homes in our area.
-Old Republic National Title Insurance
yet needs tender love and care. But with many homes available in today's market, current first-time buyers want places with a little less need for improvement. In a survey of 300 consumers who purchased their first home last year, 87 percent said finding a move-in ready home was important to them.
According to the National Association Of Realtors, first-time homebuyers accounted for half of the market. Several consumers experienced benefits after buying their first home:
*67% said the market afforded them the chance to obtain a home sooner than expected.
*Half said they found a home in a more desirable neighborhood than expected
*61% were able to get a home at a better price than expected
*43% locked in a lower interest rate than expected
Buyers can be choosy about what appeals to them and are now recognizing the benefits of the low price and wide selection of many homes in our area.
-Old Republic National Title Insurance
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