What Buyers Want Today

By
Real Estate Agent with Bailey Properties, Inc. calBre# 01375721

What Buyers Are Looking For

With the housing industry gradually shifting to serve and accomodate a changing and growing generation, there are various styles and needs that certain buyers look for when they are on the hunt for their new houses. Statistics indicate that all buyers across the spectrum are searching for a home with three bedrooms, at least two full bathrooms, a garage, and a fully furnished kitchen.

Buyers Ages 55 and Older

Furthermore, the numbers show that buyers ages 55 and older gravitate towards other factors, such as the style of the home, whether that may be ranch or contemporary. Many also consider privacy, stability, and the location of the home to be the top priorities when searching for homes.

Millenial Buyers

Studies show that millenial buyers (born in the early 1980s to the late 1990s), on the other hand, search for stable homes that will fulfill family needs, such as a high safety rate and the location of nearby school districts. Like buyers ages 55 and older, millenial buyers favor ranch and contemporary-style homes, along with colonial style-homes.

Why is it Important?

In essence, the needs of buyers change over time and many consider various factors when purchasing a home, from the style of the house to a location that best suits their needs. It is crucial to be aware of the buyers' needs and how they constantly adapt to the modern era, in order to cater and serve to their best interests.

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Topic:
Home Buying
Tags:
buyers
safety
house
security
stability
privacy
kitchen
garage
style
generation
bedroom
bathroom
california
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Thank you for sharing this update on your local real estate market.

Jun 19, 2018 10:20 PM #1
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