Why Aren't Buyers Coming to Look at My Grand Rapids MI Home?
Statistics have proven for years that when buyers get in front of the computer
to start searching for a home, the questions they want answered are:
- How big is the house?
- How many bedrooms?
- How many baths?
- What is the price?
When we list a property and place it on the Multiple Listing Service we are competing
with all the other 3 bedroom 2 bath homes listed for sale in Grand Rapids. Buyers
typically bring up about 40 homes on a search and look on-line at 20 of them in our
Grand Rapids market. The graph below indicates what are the top requirements
to a Grand Rapids home buyer Home Search:
What are buyers looking for when they search for a home?
As you can see from the graph above, this is the order of importance buyers
put in their home searches:
- Square Footage
- Bedrooms
- Baths
- Price
Price is number 4 behind Square Footage, Bedrooms, and Baths.
BUT Price is the ultimate point of competition.
They don't see the fabulous photos of your designer kitchen, the visual tour,
your wonderful photos of your "green thumb" garden or the newly
remodeled bathroom if your stats don't compare. If you are not in the top 20
by Square Footage, Bedrooms, Baths, & Price, maybe even the top 10 they
don't even bother with clicking on the photos or details of your home.
Price is the only thing left when you have 40 similar homes on the market
competing for the same buyers. Supply and Demand will continue to rule
the real estate housing market in the forseeable future, and Price Plays a
Major Role.
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The authors of the this blog write about Grand Rapids Real Estate, the Greater Grand Rapids MI area, and what it is like to live in West Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan area with a diverse business community, great medical research & services, numerous universities, plus lively arts and entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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