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People who are selling their homes should know something about the market group from which their buyers are likely to appear. Many homes are perfect for a first-time buyer. First-time buyers are making a major purchase they have never attempted before, and may be unusually subject to the inevitable stress and anxiety that goes with buying a home.
First-time home buyers are usually younger (between 25 and 34 years of age) and have distinct buying patterns. First-timers are often looking for homes that are smaller, and perhaps older, than repeat buyers. The median home size for first-time buyers is about 1450 square feet. Approximately four in ten first-timers will buy homes built before 1960, compared to two in ten repeat buyers.
First-time buyers are in the process of developing a clearly defined sense of what they want in a house. They may not have enough money to buy their ultimate dream home at first, but seventy-four percent say they like their new home better than their previous residence.
Pat Stewart-Johnson & "The Stewart Team" Greater Cleveland Northeast 7400 Center St. Mentor, OH 44060 Office: 440-255-0905 Voice Mail: 440-668-7151 Fax: 440-255-0906 Email: sales@stewartandstewart.com
To be the best in Real Estate or in any other endeavor in life, you must give 100%, have a genuine interest in people and their best interest, and believe that hard work and integrity go hand in hand. Pat Stewart-Johnson & The Stewart Team believe in these philosophies and have over twenty years of real estate experience. We have carefully selected a team of real estate professionals to help you quickly and effectively get the home that is perfect for you or sell your home for the highest price in the shortest amount of time.
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