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Sauk County First-Time Home Buyers Are Looking for Existing Homes In 2020

Sauk County 1st Time Home Buyers Are Looking for Existing Homes This Year

In 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 twelve. The report signifies the share of all buyers that shall be first-time buyers trying to buy a home grew from 58% in Q4 2018 to 63% in This fall 2019.

The outcomes revealed,

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

With a high demand from first-time homebuyers and a scarcity of inventory within the current Sauk County market, selling your existing house this yr may be your greatest transfer. Why? As a result of when Sauk County homebuyers begin their search, they’re not all looking for new construction|developments|buildings}. Many are eager to search out somewhat appeal and character in a place to name residence – probably yours.

In fact, in keeping with the identical research, there is a vital demand for present Sauk County houses:

“When it comes to the type of dwelling these potential dwelling buyers are thinking about, 40% want to purchase an existing dwelling and 19% a newly-built residence. The remaining 41% would purchase either a brand new or current dwelling.”

With showing activity up among Sauk County buyers and more new construction coming to the Sauk County market, as a home-owner, you have the chance to sell your current home now and move up into a brand new one, or downsize into a house that better suits your current and ever-changing needs.

Bottom Line

Not all Sauk County buyers are in search of a newly built house. When you’re able to reap the benefits of low mortgage rates and a excessive demand in your present home, let’s get collectively to determine how we will market the charming particulars of your present house to potential Sauk County buyers.

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