Leading Factors Driving First Time Home Purchases

Leading Factors Driving First Time Home Purchases

According to a report from Keller Williams Research first-time home buyers are most motivated by three key factors. 

Driving Factors
1. The Current Market
2. Financial Readiness
3. Location & Price

First-time home buyers recognize the opportunity in today's market. Including low interest rates, lower prices and tax breaks all make buying more appealing. They also sited financial readiness as the next factor. Finally, location and price continued to be front runners in the decision to purchase. First-time buyers stated the proximity to their current rental location and affordability were leading criteria when buying. 

For sellers looking to appeal to first-time home buyers our team is best equipped to advise you on how to make the most of these factors when it is time to sell. For more information on this topic check out the Keller William's "This Month in Real Estate" video below or contact a Rorabeck Real Estate Group team member today!



What was/is your most important driving factor when it comes to buying a home?


Kelsey Rorabeck Headshot
Author:
Phone: 715-529-1410
Dated: October 10th 2013
Views: 1,470
About Kelsey: Kelsey was a student athlete for 4 years at Augsburg College and received the Joyce Plaff (scholar a...

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