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What are Home Buyers Looking For? – Sage Realty LLC Examines the Recent Trends & Perceptions Surrounding Real Estate

Last year, home buyers were particularly concerned with the fact that there weren’t enough homes for sale on the real estate market. This year, the focus has shifted from availability and onto affordability, with competition between buyers ranking as the 2nd top concern, and availability as the 3rd. According to a recent survey by Redfin, real estate trends are changing, and the top home buyer concerns are not the same as they were in 2014.

The reason for this rapid change in perception is largely due to the fluctuating cost of real estate that is for sale. According to Redfin, “Home prices were up 5 percent in June from a year ago and the competition increased to 55.3 percent from 54 percent.” What’s more is that the survey found that 31 percent of first-time home buyers were especially concerned about price growth – an unsurprising finding that can be partially attributed to the anxiety that all first-timers feel when buying their first home.

Fortunately, despite the slight increase in home price from last year, current real estate trends are indicating that longterm price gains are actually slower. As a result, more and more buyers are choosing to sell first and buy later; the survey found that, “Of repeat buyers, 44 percent reported they plan to sell before they buy up, which is an increase of 23 percent compared to 2014.” Why? Well, because of the nature of the real estate market, this strategy allows buyers to get a leg up on the competition by not making an offer on a home which has to contain a contingency—something sellers do not want in an offer, particularly if they have more than one to choose from.

Although this survey is just a small sample of the American buyers’ market, it offers great insight that can assist homebuyers with making predictions in other states. At Sage Realty LLC, our agents want to make sure that all buyers find a dream home that is within their budget. To find out more about Sage Realty LLC’s full line of real estate services, visit their website today at https://www.findahomeinpa.com/.

Sage Realty LLC

33 West Avenue
Suite 103
Wayne, PA
19087

Phone: 610-687-4000

 

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Featured Testimonial

I moved to PA from Washington State and learned that realty is local. There were things that I thought I knew about buying a house previously but boy was I wrong. Linda was very patient with me but also did not hold back when she saw potential problems, and always made sure I had all the information I needed before making a decision and didn’t belittle concerns to just get a sale. Above all else, and this was the most important thing to me, Linda has a high ethical standard, is very transparent in her approach and is someone I trusted making one of the biggest decisions of my life. – A. Lindsay (Courtesy of Google)

 

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.