How many Houses Does the average Home Buyer view before Purchasing?

By
Real Estate Agent with Safe Harbor Realty Serving SouthCoast MA&RI
How many Houses Does the average Home Buyer view before Purchasing? 
 
HGTV would have you believe home buyers look at 3 homes and then decide on one home. The Home Search ProcessBuyers typically searched for 10 weeks and looked at a median of five homes, and viewed four homes only online. The number of weeks searching for a home grew from eight weeks seen in the 2020 and 2021 reports.
Fast forward to today, Oct. 25, 2023
 My current buyers just put a home under agreement to purchase. We started the home search on Aug. 24, 2023  
After a lengthy Zoom video conference call, I learned they were pre approved, an important first step. They also were in no hurry because they wanted to move in Dec. for a job change. I advised them of the low inventory and time line to buy a home. We needed to start looking now.  I set them up to receive homes for sale that met their criteria and price range. I then set up an appointment to show the first time home buyers a home they thought they would like. They learned so much from viewing that home with me that they were able to narrow down their home search. They also decided to raise their price range and add another town. Two weeks later we looked at another home. Over the next few weeks, They looked at about a hundred homes for sale online and asked me dozens of questions. Their questions included septic systems, lead, flood insurance, deposits, time lines. etc. Did the house they were interested in have any disclosures or red flags?  They learned a lot and were really well informed to make a good decision.
They went to 4 Open Houses. We viewed 3 more homes and then we found the one. I drafted the paperwork and legal forms and they put in a competitive offer and won the Bid! 
  They toured a total of 9 homes for sale.  It took them 8 weeks to put a home under agreement to puchase. They are thrilled they are scheduled to close on the home and get the keys on Dec. 21, 2023. 
 What's the most amount of homes I have shown a home buyer before they purchased the ONE.
Forty Eight !  The sweet home buyer needed a large home, and was looking in just one town. She also wanted the property to fit all her furniture and her Mom's furniture.  It took us about a year.
The home buyer ended up buying a New construction home across the street from the family farmwhere her Mom grew up. ❤️
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"You're in Good Hands with Karen "   Karen Ann Martin Realtor Westport, MA Real Estate Services  

   Fall River ma Real estate agent Karen Martin   

Home Buyers : For a Free List of Homes for Sale in Westport, Fall River, Dartmouth, Mass  visit www.KarenMartinHomes.com

Home Sellers : For a Free Report of your homes Value call 774.930.8181 or email Karen@KarenMartinHomes.com  Add your address for your Free Report .  

Having trouble paying your mortgage ? Call or Email Karen.  Karen is Trained to help Home owners in need Avoid and stop Foreclosure Call Karen today you have options and most are of NO Cost !

Westport Mass Real Estate Agent Karen Ann Martin Safe Harbor Realty 1037 Main Rd. Suite C Westport Mass Homes for sale Call or Text  774.930.8181 Karen@KarenMartinHomes.com   

 

Comments (6)

Dennis Neal
RE/MAX, Big Bear - Big Bear Lake, CA
Your Home Sold in 21 Days or We Sell It For Free

More choices leads to more fear of missing out on the "Right" house.

Buyers have so much access to listings and other information now that it makes it more difficult to feel confident in the decision they make.

Oct 28, 2023 01:57 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Karen Martin Real estate agent Safe Harbor Realty I would have guessed far more homes than that.

Oct 28, 2023 03:35 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

In a buyer's market the number of homes may not be very many as they have leverage. In the current market buyers are looking at homes that may not meet their full needs but will satisfy their desire to own a home.

Oct 28, 2023 05:45 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Oct 29, 2023 02:38 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

I was intrigued by this so I went to NAR's Survey of Buyer and Seller report and they say the median number of homes a buyer looks at is 5 homes. The company that won't be named (Z) would have you believe that number is much greater since you can't go to their website to view one home without getting EXPOSED to another dozen homes.  Sounds kind of like a virus to me and possibly a deadly one.  I guess that is why they refer to these as "Views". LOL

Oct 29, 2023 07:48 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Karen,
When I was working, knowing the inventory and listening carefully to clients while viewing homes dramatically reduced the number of homes they needed to view.

BTW: I love your blouse.

Oct 29, 2023 10:46 AM
Karen Martin Real estate agent Safe Harbor Realty

thank you! 

Nov 25, 2023 02:31 PM