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Survey: 41% of Home Buyers Say They’re Willing to Go Over Budget

The perfect home often comes at a higher price than buyers initially expect. A recent article published by the National Association of Realtors cites a mid-west builder's survey. The survey results reported: "In addition to going over budget, buyers say they're also willing to make other compromises, such as the home’s layout, the age of the home or repairs needed, the size of the home, and an updated kitchen and bathroom. However, buyers say they're not willing to compromise on the architectural style of the home, the neighborhood, or the local school system, the survey found."

It's increasingly clear that qualified, motivated buyers have accepted the need for greater price flexibilty, having been educated by the fact that the inventory of available homes for sale continues to be very low. Fortunately, with mortgage interest rates continuing to hover near record lows, win-win buyer/seller agreements are picking up and occurring at a faster pace as stay-at-home restrictions become lifted.

We Have Motivated Buyers.
Do You Have a Home to Sell?

Before you list your home for sale, call the John McClintock Team at 267‑759‑9518 for no obligation recommendations on pricing and an overview of our comprehensive marketing package that includes, home staging, brokers' open house, virtual tour, video tour and social media sharing.

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Information is deemed reliable but not guaranteed.