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What Kind of Buyer Are You in Ferntree Gully

Buying and selling property are terms easily understandable to laymen. In fact, these two terms are most widely used among common people. If you are thinking of buying a property in Ferntree Gully then you can visit our website and get more information regarding this topic as well. Read more:https://knoxrealestate.weebly.com/blog/what-kind-of-buyer-are-you-in-ferntree-gully

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What Kind of Buyer Are You in Ferntree Gully

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  1. WELCOME TO

  2. WhatKindof BuyerAreYou inFerntree Gully?

  3. Buyingandsellingpropertyaretermseasilyunderstandabletolaymen.Infact,thesetwotermsaremost widely used among common people. Everyone knows the definition of buying a property and selling a property.Butthetruthisthattherealestateindustryisnotlimitedtojustbuyingandselling.Therearea lotmorethingsthatgoalongwithit.Justliketheindustryitself,realestatehasa wideterminology.For instance, if you are looking to buy a home or property in Ferntree Gully, you will fall into the buyer category, which also has its types like; first-home buyer, investment buyer, etc. Similarly, this is the case withthesellingofhomesorproperty. Now, let us see what does the property market hold and how does it define the types of buyers in the market. Basically,thepropertymarkethasidentifiedthreepurchasinggroups First-HomeBuyers Relocators(UpsizersandDownsizers) InvestmentPropertybuyers IfyouarethinkingofbuyingapropertyinFerntreeGully,ornearbysuburbs,thebestwayistohireareal estateagent.DJRandhawaisthebestrealestateagentofferinghisexpertiseinKnoxfieldandFerntree Gully.Contacthimforanyrealestateneeds. Now,letusunderstandwhattypeofbuyerareyou.Areyoufallinginthecategoryoffirst-homebuyers, relocators,orinvestmentpropertybuyers?

  4. WhoareFirst-HomeBuyers (FHB)? As the name suggests, these are the type of buyers who makesuchabigpurchaseforthefirsttimeinlife.People usuallytagnewlywedcouplesasfirst-homebuyersbutthis isnotthecaseallthetime.Anyone,irrespectiveofage,if buys a home or a property is regarded as the first-home buyer. The first-home buyers looking for an entry-level home. Theyoungcoupleoreventhesingleyoungsterswhoplanto shiftfromtheirparent’shomemaylookfortheproperty. Theywillalsofallinthesamecategory.Thefirst-home buyersbuythepropertyatsub-medianpricesandmayeven want to start a family. Such home buyers have limited capital and minimal assets. These buyers are also highly sensitivetointerestratemovements.Theyareevenscared ofmissingoutonthe‘GreatAustralianDream’. Asperthenews,theaverageageofthefirst-homebuyer hasrisenfrom33-years-oldto35-years-oldquiterecently.

  5. WhoareRelocators? Relocatorsarethosewhoeitherwanttomovetoa biggerspaceorasmallerplace.Therelocatorsare alsooftwotypes:upsizersanddownsizers.

  6. Upsizers Thesearethebuyerswholookforwardtobuying abiggerhomecomparedtothepreviousone.For instance, if you are living in a two-bedroom set houseandyouwanttoshifttoathree-bedroom set,youfallinthiscategoryofrelocators.

  7. Downsizers Thesearethebuyerswholookforwardtobuyingasmaller home.Forinstance,ifyouarelivinginathree-bedroomset homeandwanttomovedowntotwo-bedroomsethome, youwillfallinthecategoryofdownsizers. Relocatorslookforaspecicpropertytypelikesomething bigger,better,closer,orsmaller. Dependingonthefinances,somemayselltheirhomeata goodpricefirstandthenmakeashiftorsomemaywantto buywithoutsellingtheircurrentproperty.

  8. InvestmentPropertyBuyersin FerntreeGully Thesearethetypeofbuyerswhoaimtobuyhomesand propertiestomakemoney.Thesearethepeoplewhomay notcompeteonpriceand,intheory,shouldneverbuyat auction.Thesearethebuyerswhowouldeithergivetheir propertyonrentorearnrevenue. Alltheabovegroupshavedifferentmotivationsandbased onthattheymakethefinaldecision.

  9. GET IN TOUCH 41/1470FerntreeGullyRd,KnoxfieldVIC3180,Australia (+61)452054470 dj@knoxpropertyexperts.com.au ContentResource: https://knoxrealestate.weebly.com/blog/what-kind-of-buyer-are-you-in-ferntree- gully

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