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Florence County First-Time Buyers Are Searching for Existing Homes This Year

Florence County 1st Time Buyers Are Seeking for Existing Homes This Year

Within the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a house over the next 12 months. The report signifies the share of all buyers that will be first-time buyers looking to buy a home grew from 58% in Q4 2018 to 63% in This autumn 2019.

The outcomes revealed,

“Millennials are the most likely generation to be planning to buy a home within a 12 months (19%), adopted by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time patrons:  88% of Gen Z buyers and 78% of Millennial patrons are reaching out to homeownership for the primary time in their lives.”

With a high demand from first-time homebuyers and a scarcity of inventory in the present Florence County market, promoting your present dwelling this yr is perhaps your finest move. Why? As a result of when Florence County homebuyers start their search, they’re not all searching for new construction|developments|buildings}. Many are keen to seek out a little attraction and character in a spot to name home – probably yours.

In fact, in line with the identical examine, there’s a significant demand for existing Florence County homes:

“By way of the kind of residence these potential house buyers are all in favour of, 40% want to purchase an present house and 19% a newly-built residence. The remaining 41% would buy either a brand new or current house.”

With showing activity up among Florence County buyers and extra new construction coming to the Florence County market, as a home-owner, you’ve the chance to list your present home now and transfer up into a new one, or downsize into a house that better fits your current and ever-changing wants.

Bottom Line

Not all Florence County buyers are on the lookout for a newly built house. When you’re able to reap the benefits of low mortgage rates and a high demand for your present dwelling, let’s get together to find out how we’ll market the charming particulars of your present home to potential Florence County buyers.

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