An interesting survey was released by Coldwell Banker recently in regards to the expectations that the first time home buyer has when chosing their first home. In general I tend to agree with the survey that the first time home buyer today is expecting more for less. Of course buyers vary from city to city but in general I think we can say that many first time home buyers are young and can lack the patience or time it takes to fix up a home. Secondly, it’s a “buyer’s market”, with that said, the buyer has become spoiled with the amount of inventory and options of homes on the market to choose from. I’m finding that even the second time home buyer is sacraficing square footage for the new or recently remodeled home. Anyhow, it’s an interesting survey! Take a look:
Tags: coldwell banker, First time home buyer, remodel, survey