Homebuyers Looking for Bargains this Winter
Realtor.com survey reveals a surprising number of buyers planning all-cash deals.
Prospective homebuyers hoping to buy a home in the next four months say the lack of inventory is their biggest challenge, but many believe winter is a good time to buy because sellers are motivated to sell and more willing to negotiate.
That’s according to a survey of more than 1,300 visitors to realtor.com conducted from Nov. 7-16, which found 45 percent of buyers in the market said there’s not enough inventory in their price range.
The survey also found that a surprising number of prospective homebuyers — 19 percent — are planning to do all-cash deals.
Of those planning to buy without taking out a mortgage:
- 29 percent said they are downsizing to a smaller or less expensive home.
- 26 percent are relocation buyers.
- 11 percent are moving up to a bigger or more expensive home.
- 11 percent are buying a vacation home.