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RSS FeedWhen Do Buyers Buy? |
Posted at Denver Real Estate Blogspot by Judith Clausen
Feb. 23, 2007
Categorized in: Buying a home...
Tagged with: buyer timing, buying a home
There’s a myth out there in the real estate ether that buyers are “sitting on the fence” waiting till condition are more favorable before they buy. In my experience that doesn't’t really happen. Oh, maybe with a few buyers, but not enough to constitute a pattern.
Buyers buy when their own personal circumstances are favorable for buying. Maybe a career move dictates a move. Or maybe they want to buy a bigger house in their own community and put their house on the market hoping it’ll sell quickly regardless of economic conditions. Many are first-time home buyers who will buy when they’ve saved up enough money for the down payment and can now afford the higher monthly costs of home ownership.
But I’ve never had a client who waited till economic conditions favor a move. Maybe other agents have a different experience and can talk about it from a different perspective.
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