Old(er) Buyers Overtake First Timers

A recent survey taken by Home Sale Network amongst its member estate agents has found a shift in the type of buyer entering the market today, compared to 10 years ago.

In 2002, the majority (48%) of survey respondents said that the homebuyer population was mostly made up of young buyers entering the market for the very first time, but 10 years on, this figure has dropped to just 1% of respondents indicating so.

As first time buyers grow scarce, an older group of buyers appears to have taken their place. A massive 64% of respondents now identify married couples under 50 as the main buyer type and a further quarter of respondents say married couples over 50 are.

So how does this affect sellers? We’re still experiencing a healthy market, but as the buyer demographic evolves, so too should the approach of estate agents and the sellers they help. Generally, although the older buyer is prepared to pay for a higher quality property, 85% of survey respondents state that a realistic asking price remains key as the older buyer continues to be price-conscious. If you try to sell your house for more than the market value, you may end up selling it for less than you would have if you priced it correctly from the start of the process.

For sellers out there, as a member of Home Sale Network, the national network of independent estate agents, we work with our fellow members from across the UK to help relocating families move into the South West area - offering you an entirely new channel of prospective buyer. If you’re thinking of buying (whatever your age!), we have been handpicked by Home Sale Network, who consider us to be Newton Abbot’s Local Expert for buyer property.

So whether buying or selling, contact us today!

Summer 2012

Home Sale Network can help you search for a new home and sell your existing property. Each member has been hand picked, by Cartus the premier provider of global relocation, to help you move. So whether you are looking to trade up, downsize or relocate to a new area, contact your local Network member!

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Coast and Country is a member of Home Sale Network, a national network of specially selected, independent estate agents across England, Scotland and Wales. Focusing on Home Sale Network’s ‘selected status’, our Summer 2012 promotion demonstrates that each Network member has been hand picked after thorough checks identify them as the best independent estate agent to represent Home Sale Network in their area.

As Newton Abbot’s selected Local Expert, we can help to sell your property and find the right home for you. Home Sale Network’s website - www.home-sale.co.uk – offers national coverage for your home and can potentially be seen by buyers all over the country and overseas. Summer is a great time to put your property on the market, so if you’re thinking of moving in the next few months, contact us today for help and advice on selling your existing property and finding your ideal home. In the meantime, make sure you’re prepared for that summer sale…

Handy Hints for Summer Selling

• Make the most of your summer garden – trim your lawn and use bright flowers and shrubs to create a welcome entrance (front garden) or relaxing getaway (back garden).

• Let that summer sun light up your home – pull all your curtains back when prospective buyers are visiting the property to create a light, airy space.

• No one likes a musty room, so in rooms that are rarely used, ensure you open windows to let the fresh air in.

• Windows are typically a room’s focal point and many prospective buyers will be looking out of them, so make sure they’re clean and welcoming.

Spring into action with us, your local Home Sale Network member

Looking out the window you wouldn’t think it, but Spring time is here and according to a recent Home Sale Network survey NOW is the time to enter the property market – as Coast and Country and the majority of our fellow Network members say that levels of activity increase during the Spring months when compared to other times of the year.[1]

The promise of warmer weather and lighter evenings will make house hunting far more appealing. Indeed, nearly half of Network members surveyed said that they had seen an increase in the number of new buyer enquiries recently compared to the first quarter of the year.[2] So why not put your house on the market now to make sure you don’t miss out on those potential buyers. As a member of Home Sale Network, we’ve been picked, in Home Sale Network’s opinion, as the Local Expert in Newton Abbot and can help you with buying or selling.

 
Home Sale Network is a national network of  handpicked, independent estate agents across England, Scotland and Wales.

Each member is hand picked after thorough checks, which in Home Sale Network’s opinion indentifies them as the Local Expert in their area for buying or selling a property.

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[1] 48% of Home Sale Network survey respondents indicated that the spring months saw increased activity when compared to other times of the year.

[2] 48% of Home Sale Network survey respondents reported that they had seen an increase in the number of new buyer enquiries in April compared to the first quarter of 2012.