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Saturday, May 15, 2010

"Want" to buy a new house or "Need" to buy a new house?

I was speaking with a young lady yesterday who told me she wanted a new house.  As a real estate agent that is good news to me – especially if she asks me to work with her. 

Why do people buy new houses these days?  This is not a scientific study but rather my opinion only.

In Brevard County Florida, with prices as attractive as they are, I believe people buy a new house or condo for one of these reasons:
  • Get more house when prices are low,
  • Downsizing i.e. empty nest, income change, life change (family addition, divorce or death,
  • Condo lifestyle -  instead of the single family home with yard to maintain, etc),
  • Investment (yes, some with the resources are still investing…2 bedroom condos under 50K!)
Regardless, buying and selling are good as long as you understand your reason for doing so.  Remember, "want" and "need" are two very different things that need to be kept in perspective!

If you are ready to buy a new house or condo (or sell one), call me at 321-693-3850 to discuss how I can assist you in the process. 

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida

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