When considering whether a home makes the cut or is "the one" for purchase what property characteristics and factors do buyers consider most often consider?
Some of the factors include
- age,
- square footage under air conditioning,
- view,
- bedroom count, bathrooms, garage space
- location,
- school quality,
- curb appeal,
- direction front door faces,
- condition, type sale - standard, short, foreclosure,
- yard/lot size,
- seller motivation
Every buyer weighs each characteristic differently although ultimately price is the major factor!
For example, here is a snapshot of the five properties currently on the market in Rockledge, Florida's Chelsea Park subdivision.
Looking at the above characteristics of homes currently on the market in Chelsea Park, which would you choose? Listing A is a short sale, the rest regular standard sales.
Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.
Read my blogs Florida Homes for Sale, Moving to Brevard County, Florida, and Brevard County Florida Real Estate Information.
It is amazing, having worked with an under $100K buyer yesterday, and seeing a great bunch of homes, her criteria shifted as she saw homes that were better fits for her lifestyle and needs.
Good morning Gary; You said it all. Great post. Buyers should make a check list of these items before they go looking.
Gary these are exactly the criteria that comes into play. I could see many buyers going after A especially since it water frontage.
Hi Gary:
You are so right...
Ultimately, it's all about the price!
Toula - It is price...period.
Jennifer - Sellers should consider these same criteria when pricing. Thanks.
Kenneth -- Thanks, have a great NY week!
Carol - That is it as well. The criteria shifts as the properties are viewed.
Of course I said "E" even before reading the rest of the post to find out you were the listing agent, Gary :)
Hi Gary,
Seems obvious, price, waterfront, size, 5 BR, 3 BA. I would take E if I liked how it showed.
Lisa
Hi Gary, This is a thorough list of the items that buyer's consider when shopping for a house. And, you and I both know that buyers today are looking for a deal. We hear it everyday!
Hi Gary--wow do we get any pics and more information on E. I actually was in Melbourne this Summer working with a friend looking at property
Tim - I blogged about it...
Sandy - A deal....everyone wants a deal!
Lisa - You got it...hope buyers think so as well. Thanks!
Sharon - Obvious that I was the listing agent. Besides what kind of agent would be one of the others and write about it? Thanks.