Often when I am showing homes to clients they will ask me, "Do most people look at this many homes?" They are worried they are spending too much time or whether it's "crazy" to buy the second home they have seen. In reality, it seems like the perfect amount of time spent house-hunting is different for everyone, as well as choosing when is the best time to sell a house. Some people to feel uncomfortable making an offer before seeing several homes, whereas others want to grab a home they love before someone else gets it first!
I have had several buyers buy the second home they have seen, or otherwise make a decision early in their home search. With the internet and the ability to look through homes online, it's easier than ever to do some research and save time, as well as discover your likes or dislikes. You can get a good idea of the market rates for homes, your budget, and what sort of properties you can get for your money all without leaving the house! Because of this, most home buyers tend to be informed and know what to expect before they even start walking through homes. Really, there is no right or wrong timeframe - what's important is to make a decision that's right for your family. Usually, if the home is right for you, it just feels good!
I recently saw an article written by the National Association of Realtors with a chart (below) where they surveyed to find the average length of time or number of homes people look at before they decide to purchase. However, don't worry if you don't fit in the average. My goal is to be sure my clients are happy with their home and find the perfect place to create lasting memories! The time spent looking for a home is not as important as finding a home that will make you happy.
The National Association of Realtors
Over three decades, the number of homes viewed during buyers’ home search process has decreased while the number of weeks that buyers search has increased. The Profile of Home Buyers and Sellers has collected data since 1987 on the length of the home search process and the number of homes viewed.
There has been a gradual move towards the midpoint in the home search process. Meaning, tightened inventory in recent years means there are fewer homes on the market and buyers must search longer for the right home. With fewer homes available, buyers also end up visiting fewer properties before making a decision.
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