Monday, November 11, 2013

What Successful Buyers are doing!

What Successful Buyers are doing!

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area.
NAR’s (NATIONAL ASSOCIATION OF REALTORS®) annual survey of recent home buyers and sellers provides insight into detailed information about experiences with this important transaction. Here are highlights from the latest report.
In today’s Housing market, buyers still as always look for location.

Location, Location, Location

The survey showed that while neighborhoods are important to buyers, neighborhood choices varied according to family composition. Homes that are close to work are a growing priority for many home buyers today.

Highlights from the latest report shows:

·                Sixty-six percent of recent home buyers were married couples—the highest share since 2001.

·                For 42 percent of home buyers, the first step in the home-buying process was looking online for properties and 14 percent of home buyers first looked online for information about the home buying process.

·                The use of the Internet in the home search rose slightly to 92 percent.

·                The typical home buyer searched for 12 weeks and viewed 10 homes.

·                Eighty-eight percent of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.

·                Eighty-eight percent of sellers were assisted by a real estate agent when selling their home.

·                Two-thirds of home sellers only contacted one agent before selecting the one to assist with their home sale.

·                The share of home sellers who sold their home without the assistance of a real estate agent was nine percent. Forty percent knew the buyer prior to home purchase.
As you can see, in today’s housing market, the need to eliminate the competition
so you can find and get your “DREAM HOME” calls for you to have a qualified, savvy Realtor at your service:
 More then ever, in today’s market it is extremely important to have an informed, Savvy REALTOR who knows and understand this market.
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