Recent Updates For Home Buyers From Home Buyer Surveys

The survey recently conducted by NationalThe 2007 outline of Buyers' Home Feature
Association of Realtors mainly pointed out lots ofPreferences established that buyers liking for
home features, which rank high with homeowners.extra-large garages was growing more than their liking
Here they also highlighted that though mortgagefor any of the other 75 home features and room
interest rates are very low, a very small percentagetypes on the survey. In 2006 too, 57% of homebuyers
of first-time homebuyers are entering into the market.considered a large garage for their home as an
According to the association's annual profile ofimportant criterion for decision-making. Even in 2004,
homebuyers and sellers throughout the year ending inwhen the last survey was conducted, only for 41% of
June, 36% of all buyers who purchased a home werebuyers big garage was important. Out of those people
first-time buyers. That's down from 40% a year ago.who want to buy their home with big garage 56%
A larger number of second-home sales also maywere ready to pay extra premiums. 61 % of people
have contributed to a minor percentage of first-timeliving in the Midwest put giant garages high on their list
buyers overall. All together they surveyed 7,500of preferences, as did 66 %of Westerners.
buyers and sellers.For 75%, air conditioning is considered as a most
In 2007's survey the percentage of single femalevaluable feature in their homes. Even those 65%
homebuyers has increased a little more. 22% of allpeople, who purchased a home without it, are ready to
homebuyers were female, up from 21% a year agopay a median $1,880 extra for central air conditioning.
and up from 14% in 1995. In contrast, single males81% to 91% buyers from South and Midwest strongly
accounted for 9% of homebuyers, unchanged fromvoted for central air conditioning.
last year.According to the last 2007's survey 53% to 66%
Increasing number of homebuyers want to search forhomebuyers are looking for a giant bedroom. 28% of
their dream home on their own through Internet withthe total buyers will go for hardwood floors and
very little external help. But there are still manystonework countertops with 23%, an increase of 7%
homebuyers who want to take help from real-estatefor each over the last two years.
agent as a source of information about homes forAs a final point, more than 50% of buyers think that
sale. 36% buyers who first learned about the hometheir home has high investment possibility. On the other
purchase it from an agent. On the other hand 24%hand another 40% believe that the investment latent is
homebuyers will purchase their home through Internet.at least reasonable. Only 3% of the total buyers
Among those who use the Internet to search for awanted to invest really very low for their home.
home, 81% purchase a home using a real-estate agent.