Sellers more willing to offer competitive prices
Posted on Wednesday, February 29, 2012 at 4:13:43 PM
Consumers seeking home financing opportunities to afford new properties may be in luck. According to a recent survey of over 600 Coldwell Banker Real Estate professionals, homebuyers and sellers are adjusting their expectations of the 2012 housing market to a more realistic viewpoint.
"The survey shows that today's buyers are recognizing the true value of a home," says Budge Huskey, president and chief operating officer, Coldwell Banker Real Estate LLC. "This shift is critical as we return to the home serving as an investment in our lifestyles where the emotional and psychological benefits are of at least equal value to the pure economic investment."
A greater number of sellers may offer their homes at competitive prices in order to gain buyer attention and increase the likelihood of residential financing success. The survey reports that 70 percent of consumers who want a new home claim a new baby or growing family to be the cause. Other reasons include job relocation at 69 percent, marriage at 59 percent and divorce at 48 percent.
Competitive home pricing is luring more and more consumers out into the housing market.