July 21, 2017 | Bob Myers
According to Zillow, 47% of homebuyers are first-timers. Below are  key characteristics of this group and what they're looking for in a  home.

Goals of buying

Above all else, first-time homebuyers want privacy.  They're sick of living in apartments with paper-thin walls, or living with their parents. They want a place of independence, a place where they can quietly raise a family with a large backyard.

Motivations for buying

It  should come as no surprise that first-time buyers are buying because:  1) They're tired of their current living situation, and 2) They're  getting more serious with a spouse or partner. One of the more telling  things is their preference for a safe neighborhood. Despite the urgency first-time homebuyers are feeling to head out on their own, they're still putting a priority on security.

Reliance on experts

First-time homebuyers greatly value professional advice.  When they enlist an agent they do so earlier in the home-search  process, shop for a home faster, and are more likely to stay in touch  with and refer their agent to friends. Additionally, first-time buyers  devote considerable effort evaluating potential agents. These buyers are  much more likely to read online reviews, check an agent's sales history and ask friends and family about an agent.

Property preference

One of the most unique characteristics of first-time buyers is their  preference for townhouses. They are the only group that has favored them  over detached, single-family homes. Additionally, they are also attracted to modern, open floor plans with high-end finishes, nice countertops, upscale appliances, and luxurious bathrooms.

Are you ready to purchase your first home but don't know where to start?

Please consider The Myers Team your resource for all things real estate.  We have over 30 years of real estate experience, specializing in the  Montgomery County area.  If you are refinancing, want a recommendation, need a service provider or just have a home related question, please  give me a call at  301-910-9910 or email me at bobmyersteam@gmail.com.
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