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Real Estate Tips
Buyers Remorse >First Time Buyers

People who are selling their homes should know something about the market group from which their buyers are likely to appear. Many homes are perfect for a first-time buyer. First-time buyers are making a major purchase they have never attempted before, and may be unusually subject to the inevitable stress and anxiety that goes with buying a home.

First-time home buyers are usually younger (between 25 and 34 years of age) and have distinct buying patterns. First-timers are often looking for homes that are smaller, and perhaps older, than repeat buyers. The median home size for first-time buyers is about 1450 square feet. Approximately four in ten first-timers will buy homes built before 1960, compared to two in ten repeat buyers.

First-time buyers are in the process of developing a clearly defined sense of what they want in a house. They may not have enough money to buy their ultimate dream home at first, but seventy-four percent say they like their new home better than their previous residence.

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Real Estate Trivia
Q 
What are the three most common environmental toxins for which homes are tested?

A 
Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts.
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Sheri McBroom, REALTOR®, real estate agent and broker for Phoenix, Glendale and Peoria Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Sheri McBroom
RE/MAX Integrity

20241 North 67th Avenue, Suite A1
Glendale, AZ 85308
Office: 623-572-7224
Mobile: 602-697-5823
Fax: 623-388-6867
Email: Sheri@McBroomHomes.com

I am 15 years in the business with expertise in many areas of the valley. I look forward to helping you with all your Real Estate needs!

REALTOREqual HousingMLSABRGRI


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