You picked your neighborhood, know your price range and are ready to start shopping for a new home. But before you start your hunt, it’s important to identify what kind of buyer you to avoid wasting time.
For many home buyers, school district, neighborhood and affordability dominate the decision-making process, but knowing your “buyer personality” will help define and focus your search.
For instance, if you want a move-in-ready home but never convey that to your realtor, you can waste time looking at fixer uppers. Or if you care about the environment, you may want to see only green homes, which could require a more specialized agent.
“Right now inventory is quite low,” says Edward Achtner, senior vice president and regional sales executive at Bank of America. “Determining what type of home buyer you are is key to understanding what you are looking for.”
Achtner identifies five different types of homebuyers, here they are and what they mean for the home-search process.continue reading »