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22 Comments on Do you know the first time buyers in the market?
thank you for your post. Most of my first time home buyers are in the $350,000 price range or more
Good morning Ann,
It is a good thing that first time home buyers are coming into the market. This is a very positive sign to our home sellers too. I am looking forward to a good 2009.
Ann, that price for a first time homebuyer shocked me. It is a national number of course and I am sure in our area it is much lower. Here I would think first time home buyers are buying $125,000 homes. Our median prices are much lower than the national numbers.
Ann,
This is great information. I have somehow found a niche with first time home buyers, especially within our Marine community.
Realtors who overlook the opportunity with first time buyers make a huge mistake. It is so enjoyable! I PREFER first time buyers!
Hi Miss Ann, It seems interesting to me that first timers are indicating they are going to remain in their new home for 10 years. Typcially, I thought it was about 7 years. A sign of the times, perhaps?
Ann though all that has been going on in the mortgage industry, my business has remained steady because of first time home buyers. Our company has always been looked upon as a leader in our area with first time home buyer programs. When it comes to first time home buyers it does not matter what the market conditions are. Once they have made up their mind that they want to purchase a home they are not going to sit around and wait for rates or home prices to go down, they are going to purchase now. Anyone not focusing on first time home buyers right now is making a big mistake, and passing up on a great opportunity.
Shane,
Consider it my Christmas gift to you...;-)
Ann
Pat,
Glad to help with the accuracy of the number...;-)
Ann
I think this reinforces the fact that we need to communicate the way the 30 year olds do, by bloggging, social networks, internet presence, etc. The trick is to not try to act like a 30 year old, just be able to communicate with them.
Marcy Moyer Intero Real Estate Menlo Park Ca
Jean,
Yes, you are in a more expensive market. My nephew sells in CA. When we compare prices, I always ask first which market are we talking about...;-)
Ann
Good evening Don,
I am looking forward to 2009 too. It is going to be an awesome year!
Ann
Gary,
Yes, our number is not quite that high either. It is a national average.
Ann
Cherimie,
I love first time buyers too. They are so excited and fun to be with...
Ann
Sandy,
Yes, I would say it is a sign of the times. When things turn around, they may change their minds...
Ann
George,
Good for you! I love the first time buyers. They make the business fun and entertaining.
Ann
Marcy,
Yes, we need to know how to communicate with them...
Ann
Absolutely, First time buyers are great to work with. These days, first time buyers are looking more into investing in the property as a business, we have had many first time buyers donw here in Rockport looking to profit from their home, using it as a vacation rental for them and to help them pay their mortgage.
http://www.strategicbookpublishing.com/WelcomeToTheWorldOfVacationProperties.html
Ann, Nice post, I hope it helps get a few off the fence for YOU!
Brenda,
Thank you for stopping by to comment... First time buyers are awesome!
Have a wonderful night,
Ann Hayden in lovely Wildwood, Missouri
April,
Yes, getting them off the fence and under contract would be awesome!
Ann Hayden in lovely Wildwood, Missouri