When you take on the task of selling your home, you will be confronted with quite a few challenges. Dozens of homeowners just like you are looking to sell their homes quickly and at a competitive price. However, not every homeowner is able to achieve this goal – and the primary reason they are unable to do this is because they are not aware of what buyers are looking for. Understanding your clients is key to any sale – so adopting the latest home buyers’ trends is essential to beating your competition when trying to sell your home. Let’s take a look at some of the characteristic’s home buyers are looking for this season.
What types of homes are home buyers buying?
Depending on the area that you live, this characteristic can vary. However, in a community such as Baytown we tend to follow the natural trend of the US market. According to 2019 data, 82% of US home buyers in 2019 are seeking detached single-family homes, with only 8% purchasing townhouses. A mere 10% are purchasing homes in apartment complexes, duplexes, and other mixed housing situations.
Where are home buyers interested in buying?
You may think with employment opportunities primarily moving into major cities, home buyers are seeking homes in these neighborhoods. However, families are still largely interested in living in suburban communities. In fact, it is estimated that only 14% of individuals purchasing homes this year have settled into an urban area or city center. Communities like Baytown are desired because it allows families to reside in a close-knit community while having the ability to commute to major cities.
How much are home buyers buying for?
This question varies greatly depending on your home’s location. On a national level, the majority of houses that buyers are pursuing range between $200,000 to $300,000. However, in Baytown the medium price of homes sold this year is slightly below the average – coming in at $189,000. This means that people interested in selling their home will find more success by selling to an out-of-towner.
Does my home need to be eco-friendly?
The honest truth – YES. The majority of home buyers currently include millennials, a generation that is focused on improving the environment around them. They are recognized for spending more on purchases to ensure that they are using their buying power to promote an eco-friendly world. This means that homeowners need to focus on improving the environmentally friendly features in their homes by installing solar panels, updated HVAC systems, energy efficient appliances, double pane windows and doors, energy efficient lighting, and landscaping for energy conservation.
What other factors do home buyers consider?
Although we cannot breakdown every characteristic of this year’s home buyers, we can educate you on some additional aspects of your home that you can assess on your own. You can conduct research to determine how your home compares to that of the community you live in. When assessing take a look at your homes stats compared to those that have recently sold, such as: size of the home, lot size, style of the home, quality of the neighborhood and schools, and crime rate.
How do I find the perfect home buyer for my house?
With the diversity in home buyer’s characteristics, finding the right home buyer for you can be difficult. You will need to be flexible in your closing terms to ensure that you maximize your return. For example, if you are selling a fixer upper, you need to be prepared to pay for necessary inspections to close on the finance contingency. If you are selling a condo, you need to be prepared to negotiate the price if your HOA fees are high.
However, selling does not need to be so complicated. Selling to an all-cash buyer can provide you the perfect buyer without the hassles of preparing the home for the sale.
What do we mean?
Sell to us! We are Gulf State Homebuyers – we are all cash investors interested in buying homes in the Baytown and Houston area. We purchase homes at competitive prices, providing ease to sellers looking to transition to their next chapter in life. If you want to forego the stress of trying to accommodate your home to the buyer’s in the market, then contact us today for your free home evaluation. We can purchase your home within days, cover all costs associated with the sale, and even help pay for your moving costs. Don’t wait – get your free appraisal today.