Cape Gazette

First Time Buyers

By Bill Cullin | Sep 21, 2015

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.


To Learn More, Contact Bill Cullin Today.

Bill Cullin, REALTOR®

Your Real Estate Source at the Delaware Beaches


Direct: 302-841-7147

Office: 302-227-2541

Toll Free: 1-800-462-3224, ext. 117

Fax: 302-227-8165

Long & Foster Real Estate, Inc.

37156 Rehoboth Avenue Ext, Suite 5

Rehoboth Beach, Delaware 19971

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