and will possibly try to add to my own fixer.
More than three-quarters (78 percent) of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy.
Out of the 1,000 prospective U.S. first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better time to buy than six months ago.
Prices are the driving motivation for potential first-time home buyers with more than eight of ten first-time home buyers (85 percent) saying they consider current home prices affordable and 73 percent citing that taking advantage of current prices is a major factor in their decision to buy.
Interestingly, potential first-time buyers are still split between “being willing to consider an offer now” (42 percent) and “waiting for prices to go down before they seriously consider making a purchase” (48 percent).
“Current pricing, rates and incentives, such as the First Time Homebuyer Tax Credit, provide tremendous opportunities for first-time home buyers to get into the market,” said Tom Kunz, Century 21 Real Estate president and CEO. “Our research shows that while consumers still have concerns about the future of the economy, many are actively considering their options as we move into the spring selling season.”
Among the survey’s other key findings:
- Bargains in the marketplace are providing additional options for buyers to consider. 56 percent of potential first-time home buyers are considering purchasing a foreclosed or short sale home, and 63 percent are open to purchasing either a “fixer-upper” or “as-is” home.
- When asked to rate the features that they look for when choosing a home, price is the primary consideration with 87 percent saying this feature is “very important,” followed closely by neighborhood safety (80 percent) and the condition of the home (71 percent)
- Having enough money for a down payment is a top concern of potential first-time home buyers as nearly half (46 percent) said they are “very worried” about the issue.
- Most respondents (86 percent) are in the market for single family homes.
Source: Century 21
Last night, I saw this as a deal of all deals @ 28K… Eggleston, 3bed 2.5bath(..needs renovations to be completed) and just noticed it was withdrawn… 😦 Don’t fret, according to the agent it’s still available and the FMLS withdrawal is temporary. On the other hand, there are no keys on the door to view the inside [DARN YOU KEY STEALING AGENTS!!! DON’T YOU KNOW YOU WILL NEVER PROSPER BY DOING EVIL?]
Anyway, it should be there by tomorrow afternoon (as per the listing agent). As usual, at this price it will either go to “Best and Highest” or as Jerilyn Lewis say’s “CASH IS KING!”