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Does Your Home Have What Buyers are Looking For?

Keith Walker

“I care about people, not properties.” Keith Walker is an around-the-clock realtor, living and breathing real estate every day of his life...

“I care about people, not properties.” Keith Walker is an around-the-clock realtor, living and breathing real estate every day of his life...

Jul 29 3 minutes read

There's a great opportunity for today's homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. 

According to Javier Vivas, Director of Economic Research at Realtor.com:

For homeowners who need a little nudge of motivation to get back in the game, it's good to know that buyers are ready to purchase this season. 

After spending several months at home and re-evaluating what they truly want and need in their space, buyers are ready and they're in the market now. 

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR) explains:

The latest Market Recovery Survey from NAR shares some of the features and amenities buyers are looking for, especially since the health crisis has shifted many buyer priorities. 

The most common home features cited as increasingly important are home offices and space to accommodate family members new to the residence.

The survey results also show that among buyers who indicate they would now like to live in a different area due to COVID-19;

  • 47% have an interest in purchasing in the suburbs
  • 39% cite rural areas, and 
  • 25% indicate a desire to be in small towns

Danielle Hale, Chief Economist at Realtor.com explains:

In essence, home sales are picking up speed and buyers are purchasing them at a faster rate than they're coming to the market.

Danielle Hale continues to say...

The Bottom Line

If you're considering selling and your current house has some of the features today's buyers are looking for, you owe it to yourself to reach out to me today. 

You'll likely be able to sell at the best price, in the least amount of time, and will be able to take advantage of the low-interest rates available right now when buying your new home.

For more weekly updates don't forget to subscribe! 

I’ll see you next week when I discuss the state of the real estate market in detail nationally and locally here in Silicon Valley. Don't miss my August real estate update!

On the Walker Team, we have a wide range of experts who speak several languages to help you navigate the process with confidence!

Always remember, I am here to educate and navigate, not speculate, and fabricate. 

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