According to a survey conducted by Coldwell Banker Real Estate, 87 percent of people buying their first home want it to be as close to move-in ready as possible. In other words, people aren't interested in fixer-uppers, even if it is their first home.
"There's a real 'a-ha' moment for sellers revealed by this survey that the condition and quality of their home matters a great deal to first-time homebuyers," said Diann Patton, consumer real estate specialist for Coldwell Banker.
While people serving the moving market may find that percentage surprising, the respondents were surprised by a number of aspects within the real estate market. For instance, 61 percent of respondents were able to get a home at a better price than they expected and 40 percent said they were able to buy a home with more space than they anticipated.
Living space was a primary factor why many people moved last year. According to a Weichert Realtors survey, 28 percent said they bought a new home for more living space.
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