Home Sellers Need To Know Home Buyers

Are you  in the market to sell your home? If you want to be  quick and successful about it, it is best to know the traits of today's home buyer. Especially if you live in a neighborhood that has a lot of homes that have not moved, doing a little extra research may give you the edge over comparables in the area.

A good real estate agent will be able to help you in that process. Or home sellers in the Houston, Spring, The Woodlands, Conroe/Lake Conroe Texas market areas, get a free evaluation of your home so you know what you have to work with. Start by completing our free form for initiating a free evaluation.

Ready for a little character sketch of that buyer? Here you go...

5 Traits of Today's Home Buyers

A survey by American Lives, a consumer research firm in California, conducted a study for the trade magazine Builder to answer that question. Here are their conclusions:

· They are young. Most are under 45. Half said they had annual household incomes of $75,000 or less. Two-thirds are married.
· They are frugal. They consistently told surveyors they were eager to live a simple lifestyle.
· They are concerned about their financial future. About 70 percent said the economy is “not so good” with 27 percent saying it was getting worse and 27 percent saying it was getting better, and two-thirds saying it would get better in a year. Some 55 percent said they were concerned that they might lose their jobs.
· They see themselves as energy efficient but not necessarily “green.” About 32 percent said they’d pay extra for energy-efficient features but only 16 percent said they’d pay extra for recycled or renewable construction materials.
· Neighborhood is important. Ninety-five percent said they thought the community was as important as the home itself. Seventy-nine percent wanted the most square footage they could afford, but 69 percent said they’d consider a smaller home in the right neighborhood.

Source: Inman News, Mary Umberger (10/27/2010)

This is just a short list, and does not include all the concerns that may come into play in your area. Here in the Houston  and The Woodlands, it is important to evaluate your school system. I have been finding that most of the buyers out there right now in the Houston area are young and first time buyers.  For home buyers in Spring, The Woodlands, and Lake Conroe markets, I have noticed that the average home buyer's age is around 25-27 years old, and they are looking for a newer home around 1800+ Sq ft. Their typical price range is 120,000-170,000

So how do you translate this information into how you can most successfully sell your Woodlands home or Lake Conroe-area home ? Give me a call and we can evaluate it. Also check out my website for some of the homes and properties of my clients. For higher end properties check out my Lauri's Featured Properties page. For properties that fit nicely into this market's Home Buyers' range, check out my listings on my website called Lauri's Super Affordable Real Estate Finds. No matter what your property type, there is someone out there who will be the perfect owner for it. Let me help you to put you together!