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Recent Survey Reveals What Matters Most to Homebuyers & Typical Tendencies

Recent Survey Reveals What Matters Most to Homebuyers & Typical TendenciesLombardo Homes recently conducted a survey of nearly 1,800 new homeowners to learn more about both their homebuying must-haves and typical tendencies while house hunting.

According to the company’s report, the average prospective buyer tends to look at more than 19 properties within a 4-month period when house hunting. Nearly 75% of these buyers used online resources, such as Zillow and Redfin, to aid in their search, while 50% used licensed real estate agents.

Lombardo’s survey also revealed that 41% of these buyers would be willing to go over budget by an average of $25,000 for the home they want – even while making some compromises. The most compromises seen included the home’s layout and age (both at 29%), its size (26%), updated kitchen (23%), and updated bathrooms (19%).

Likewise, the survey also showed what homebuyers refused to comprise on – including preferred architectural styles, the neighborhood, and the local school district.

For more information and additional metrics, check out Lombardo Homes’ report.

 

Sources:
Lombardo Homes – lombardohomes.com
The MReport – themreport.com

Topics: Lenders, Mortgage Companies, residential mortgage industry, Credit Union