Sometimes we get caught up in trying to find the right home or trying to find the best way to sell a home. Though we are a bit biased on what you should you do when it comes to selling your home, we try to let the numbers speak for themselves:
- 44% Home buyers found the mortgage application process to be a bit to much more difficult than they expected.
- The typical first-time buyer was 31-years-old, while the typical repeat buyer was 53.
- Sixty-five percent of recent home buyers were married couples.
- For 24 percent of recent home buyers, the primary reason for the recent home purchase was a desire to own a home, while nine percent purchased due to a job-related relocation or move, and eight percent bought for the desire to be in a better area or a change in family situation.
- New home purchasers bought a new home to avoid renovations or problems with plumbing or electrical, and the ability to customize their home. Home buyers who bought previously owned homes purchased their home for a better price and overall value and the charm and character their home provides
With all this information still paints a great picture for the housing market, and yes cash home sales are less dependent on the market as a whole, it does provide you with some good ammo.
As we approach 2016, The top two markets are going to be Saint Louis and San Diego. So a house will be gaining value, but with also this means that inventory will also be at an all time high. Signs of a cash house sale market will help with solidifying a strong market.