People who are selling their homes should know something about the market group from which their buyers are likely to appear. Many homes are perfect for a first-time buyer. First-time buyers are making a major purchase they have never attempted before, and may be unusually subject to the inevitable stress and anxiety that goes with buying a home.

First-time home buyers are usually younger (between 25 and 34 years of age) and have distinct buying patterns. First-timers are often looking for homes that are smaller, and perhaps older, than repeat buyers. The median home size for first-time buyers is about 1450 square feet. Approximately four in ten first-timers will buy homes built before 1960, compared to two in ten repeat buyers.

First-time buyers are in the process of developing a clearly defined sense of what they want in a house. They may not have enough money to buy their ultimate dream home at first, but seventy-four percent say they like their new home better than their previous residence.

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Margaret Henkel
Phone: 941-924-3864
Fax: 941-922-0931
Michael Saunders and Company
Licensed Real Estate Broker
8330 S. Tamiami Trail
Sarasota, FL 34238
Office: 941-966-8000

Florida’s exceptional Gulf coast real estate properties include established gated communities, new home communities, golf communities, waterfront and beachfront homes, luxury estates, villas and condominiums.

Margaret Henkel sells real estate in the neighborhoods of greater Downtown Sarasota, Florida, Longboat Key, Siesta Key, St. Armands Circle, Lido Key, Casey Key, Palmer Ranch and Lakewood Ranch.

  

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