The pandemic isn’t scaring off home buyers. More than half—or 53% of about 1,000 home buyers recently surveyed‑say they are more likely to buy a home in the next year due to the coronavirus outbreak. First‑time home buyers and millennials may be the most eager to buy within the next 12 months, the survey from LendingTree shows.
The top two motivators for buying soon are to take advantage of record low mortgage rates (67%) and being able to save for a larger down payment due to reduced spending (32%). Also, the perception of reduced home prices (30%) and being confined in a smaller space during stay‑at‑home orders have made homeownership more appealing, the survey finds.
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.