A recent survey by Zillow shows that 38% of total buyers added new construction to their list of desires when searching for a home, but only 11% ultimately purchased a newly constructed home. Zillow went on to say that 71% of these buyers are repeat buyers who are financially secure.
Reasons Why Buyers Are Interested
In Purchasing a New Build 👷🏼
Be Closer to Family
Interested in Best Value
Appealing Features and Location
So, Why Did The Majority of Buyers Choose Not to Purchase a Newly Built Home?
Final Verdict
There are two primary advantages to buying an existing home: convenience and cost. Not all buyers are looking for that newly built dream home and chances are it already exists. There are many buyers looking for “the charm and uniqueness” of an existing home.
