In the newest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the following twelve. The report indicates the share of all buyers that will likely be first-time buyers seeking to buy a home grew from 58% in This autumn 2018 to 63% in This autumn 2019.
The outcomes revealed,
“Millennials are the most probably technology to be making plans to purchase a home within a yr (19%), adopted by Gen Z (13%) and Gen X (12%)…Potential consumers in the youngest two generations are primarily first-time consumers: 88% of Gen Z consumers and 78% of Millennial consumers are reaching out to homeownership for the primary time in their lives.”
With a high demand from first-time homebuyers and a shortage of inventory in the present Washburn County market, promoting your current dwelling this year is perhaps your finest move. Why? Because when Washburn County homebuyers begin their search, they’re not all on the lookout for new construction|developments|buildings}. Many are keen to find a little appeal and character in a place to name residence – possibly yours.
In reality, in response to the same research, there’s a vital demand for present Washburn County properties:
“In terms of the type of home these prospective home consumers are considering, 40% need to buy an present dwelling and 19% a newly-built home. The remaining 41% would purchase either a new or existing dwelling.”
With showing activity up among Washburn County buyers and more new construction coming to the Washburn County market, as a house owner, you could have the opportunity to sell your existing house now and transfer up into a brand new one, or downsize into a house that better suits your current and ever-changing wants.
Bottom Line
Not all Washburn County buyers are searching for a newly built house. For those who’re able to benefit from low mortgage rates and a high demand on your present dwelling, let’s get collectively to determine how we will market the charming details of your present house to potential Washburn County buyers.