Home Shoppers Differ In Buying Habits, Depending On Age

by | Nov 18, 2013 | Blog, Buying a Home | 0 comments

Age differences buying a home - RE/Max of Cherry CreekWhen it comes to home buying, younger shoppers differ from older shoppers on many fronts. That’s a fact recently underscored by the National Association of Realtors Survey of Generational Trends for 2013. Among its findings, the survey reported that younger buyers:

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– Generally bought homes within 10 miles of their previous residence, while older buyers moved more than 20 miles.

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– Were more likely to purchase in the city, while older buyers were more likely to move out of the state or region.

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– Chose a neighborhood for convenience to jobs, better affordability and quality schools, while older buyers looked for proximity to health care facilities and family and friends.

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– Found the home they purchased through the Internet, while older buyers learned about their home through their real estate agent.

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– Made more concessions in buying a home, including price and home size, lot size, etc, while older buyers generally made no concessions.

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