What’s on the minds of today’s buyers
As you know‚ there are various factors to consider and many decisions to make when purchasing a home. Buyers weigh the pros and cons of a home’s floorplan‚ where the property is located‚ and nearby amenities. But what’s the most important factor? Take a look:
- According to 60.3% of those surveyed by insurance resource Clovered‚ affordability is what most influences a homebuying decision.1
- Other things on buyers’ minds: crime rates (46.4%)‚ commute times (40.1%)‚ and community well-being (38.9%).
- Generationally‚ Millennials are less concerned about property taxes (27.9%) than the survey average (31.1%) and Baby Boomers (33.9%).
As always‚ it is a pleasure staying in touch.
1Sean McCahill‚ “Mindful migration: Analyzing influential home buying factors‚” Clovered.