Reasons people will move during the pandemic
Florida Realtor digital news posted an article today, July 16, citing Buyers’ Wants during these pandemic times…
Reasons people will move during the pandemic
- 44%: Need more space
- 41%: A desire to buy rather than rent
- 37%: To get out of the city and move to the suburbs
- 31%: Job relocation
- 31%: A desire for private outdoor space
- 28%: To be closer to friends and family
- 27%: To downsize
- 19%: To be in a better school district
- 13%: To get away from multifamily or condo life
- 11%: Due to financial problems and/or a job loss
- 3%: To get closer to the city
- 11%: Other
Crowded cities do not hold the same fascination right now, despite the energy we have all felt living in the middle of a vibrant community and/or evolving cultural area.
Buyers who are in the market right now are serious, they want a bigger home, they want more space around them, and of course, some want to downsize from homes if they feel overwhelmed with the upkeep. Most buyers would not be in this current market of uncertainty except for the historically low interest rates. They feel it is a cushion should the upward value trend get derailed at some point, for any length of time. Buyers who can and want/need to move…. for jobs, schools or other concerns… are making their move, trying to get in place for the long haul. Furthermore, depending on any stability in ongoing rental rates could be unwise compared to locking in a 30 year loan around 3% or less.
Generally homes with more space are most sought after, although buyers often opt for new or all remodelled, move- right- in with no expectation of further monetary investment. Whatever the case, real esate professionals can help buyers and sellers reach a solution so most any transition can work.
Certain features in a single family home, like excellent space, a 2 car garage, especially a Home office, attract today’s home buyer. If the buyer is a visitor seeking a second home, a vacation home along our beaches, they often look for an intriguing location rather than space, they are buying a lifestyle, investing in a place of escape that feels perhaps freer and more inspiring than they have “back home.”
675 63rd St. So., St. Petersburg, 33707. $399k. SELLER IS AHEAD OF THIS MARKET!… Recently reduced $30k so buyer has built-in equity for any updates he wants. Buyers, NOW is the time, MAKE YOUR MOVE TODAY! EXCELLENT 3 bedroom/ 3 bath/ 2 garage Home, lots of space, professionally landscaped corner lot, quiet residential neighborhood, popular and accessible location adjoining Gulfport, hardly a mile from restaurants and myriad shopping of So.Pasadena, short walk to Stetson Law School, parks, library, community center… and only a ten minute drive to beaches or Tyrone Mall. This well-sized home features a BRAND NEW red cement tile ROOF, and 3 year old air conditioning system! Special interior features include solid oak flooring, spacious kitchen, dining room, family room, living room, office and foyer… in addition to the 3 bedrooms and 3 baths! A comfortable and inviting covered front porch with broken- tile flooring stretches across the front of the house. An open broken-tile terrace stretches across the west side(back) of the house. PLUS a sizable side yard to the south can make a lovely play ground for children and pets……… or perhaps a pool. NOTE: OFFICE and third bath may be accessed outside the house. Many of us have home offices, and this assures privacy for work areas as well as your family.
OPEN SATURDAY, JULY 18, 1 TO 3, or call Joan for individual video call/walk through.
200 1st Avenue, Pt. Pass-a-Grille #303, St. Pete Beach, Fla., 33706. $413k. TALK ABOUT ROOM WITH A VIEW!!! stretching from the Pass out of the Intracoastal Waterway into the Gulf of Mexico, here is your beach retreat like no other….Feel extraordinarily liberated in this brilliant setting, expansive water views overlooking the beautifully manicured private grounds and pool of Pt Pass-a-Grille. This gem has an unmatched location at the southernmost tip of a string of Gulf front Islands stretching from Clearwater Beach to the end of St. Pete Beach. Take a short 8 block stroll along the beachfront to “downtown” Pass-a-grille, 8th Avenue, home to all manner of quaint shops and unique restaurants, Merry Pier at the east end of 8th, the Historic Museum on 10th. No need to go any further!…And no need to look any further for the home or vacation spot of your dreams. Freshly painted interior, large pantry, walk in bedroom closet, lovely balcony (with storeroom), on-site laundry. Awesome views eastward from bedroom also. A/C system only about 4 years old. Exceptionally well-maintained complex.
OPEN SUNDAY, JULY 19, 1 TO 3, or call Joan for individual video call/walk through.
Best regards to all,
joan