Living in Contra Costa County: What Do New Buyers Want different than Repeat Buyers?

What Do New Buyers Want different than Repeat Buyers?

What Do New Buyers Want different than Repeat Buyers?

Different Buyers want different things in a home. The California Association of Realtor (CAR) put out an infographic showing the different priorities of New Buyers versus Repeat Home Buyers.

Take a look:

First Time Home Buyer or Move Up Buyer?

I do not think that many of these answers are much of a surprise. Generally Repeat Buyers can be more selective and therefore look for bigger homes in better areas (Hence the term Move Up Buyer). A First Time Buyer would obviously be one that is tired of renting.

I do find it interesting that more First Time Buyers move because of a change in family situation.

Are you interested in a New Home? First Time Buyer? Repeat Buyer (Move Up Buyer)?

Home Point Real Estate is located in Brentwood Ca and provides service to the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond. Give us call (925-260-4321) regarding Buying a Home, Selling a Home, or Real Estate Investing. Find out more about Home Point Real Estate

Originally Published at HomePointContraCosta.com

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By Gene Riemenschneider

Broker and Owner

Home Point Real Estate  - 925-260-4321 - Turning Houses into Homes

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Gene Riemenschneider
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Comment balloon 3 commentsGene Riemenschneider • January 28 2016 10:03AM

Comments

Good morning Gene, pretty mjuch standard in this scenario..Repeats usually looking to up grade in location, more bedrooms,,pool,,,fireplace etc.

Posted by Ronald DiLalla, No. Orange Cty Real Estate (Century 21 Discovery DRE 01813824) over 2 years ago

I would guess the change in family situation for first time buyers would be marriage and/or the birth of a child. The renters might want a more stable environment. 

Also - Some first time buyers have no doubt been living with mom and dad, so taking on a spouse would necessitate a move. 

Those repeat buyers who are tired of renting might be those who lost their homes during the crash - and now they're ready to get back into home ownership. 

Posted by Marte Cliff, your real estate writer (Marte Cliff Copywriting) over 2 years ago

Every time I have bought a home I have had a new list of needs and wants that I didn't look for previously. Some of it is lessons learned.

Posted by Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate) over 2 years ago

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