Let’s Discover Who’s Buying Real Estate
Are YOU buying or are you afraid?
My intent with this series is to build a profile of today’s buyer of real estate. While that seems simple enough let me first reveal the 500 pound gorilla in the living room?
It seems most people understand prices and interest rates are down. When you combine that with the large inventory of homes currently for sale in many areas, and desperate sellers, you’ve just described the ultimate buyers market, even FRENZY!
Why then are we all so (the gorilla) SCARED TO BUY?
A theme of mine is not to dwell on the negative so I’ll ask this questions in the positive - Who is buying?
Just what is the profile of buyers who are wise and proactive enough to get themselves some real estate at fire sale prices?
Over the next 4 posts, with your help, we will discover that and maybe, just maybe, we can do our little part to stimulate this economy and help save some folks who really need it. And, I bet you we’ll learn something!
Please tell me, who is buying real estate right now? So now it’s your turn, click the comment button and tell me -
What do you think?
March 1st, 2009 at 2:35 pm
Here in the Fresno area, the majority of buyers are 1st time
homebuyers. The have read the news & really want ot buy something before the rates change or prices go up again. They need additional consulting on how to acheive that, since guidelines are tougher. Also the other part of our market is being driven by the investors. they want to pick up something dirt cheap, make some repairs & rent for a profit. I hope this answers the question.