3 Reasons Homebuyers Will Purchase This Year
People buy a home for many reasons. Marriage and growing a family is a big reason. Wanting to get out from paying rent is another. Making the decision to start building family wealth is a great and common decision for becoming a homeowner ( my wealth building blog ). But this year and this time right now has given us some new reasons that makes this the year of the buyer. A recent survey by Lending Tree tapped in the behaviors of over 1000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year , even amid the current health crisis. And in some cases, because of the result of the almost-national lockdown. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below): Let's break down why these are a few of the key factors motivating buyers to actively engage in the home search process, and the corresponding wins for sellers as well. 1. Low Mortgage Rates The ...
