There are great reasons to buy real estate, which can motivate people to move. Right now you may be renting and wondering about the cost of buying. Or you may be looking to buy your vacation home, next to the water sounds nice. Or maybe you're looking to relocate closer to family and friends. Right now you could even be looking for a new home out of state due to a job transfer. Or maybe you just want to down size and have more freedom with your time. All of these are great reasons to buy real estate.
Recently, Bank of America released their "Home buyer Insights Report" which identifies why people want to buy a home. It was very interesting in that both emotional and financial factors were measured. Below is an illustration provided by Keeping Current Matters which shows the importance of each factor.
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