What Coldwell Banker Discovered

Coldwell Banker recently did a survey in which they discovered that first time homebuyers were looking for something specific; a home that was move-in ready. The wave of finding a “fixer upper” isn’t gone altogether, but the numbers on that are lower than they used to be. This is probably due largely in part to the economy.


It used to be that investors wanted homes that had “potential”, and buyers were looking to acquire a home they thought would be an investment. Putting some work into the property would make it more sellable. Now, no one wants to put money into homes unless they are truly an investor, because there isn’t much disposable income after buying and regular maintenance.

Buying a home is a big step, and unless you have disposable income now on a monthly basis, don’t consider buying a home to put more money into. Right now with lack of job stability, savings is important. It doesn’t make sense to put money into something when you don’t really have it available. Right now, creating a safety net for yourself is more important. Setting aside money for emergencies is more important, and it is wise to take care of what you have now before moving onto something else.

-Mayer Dallal