Even though the Knoxville real estate market may change with the ebb and flow of the economy, the reasons people buy homes in Knoxville and beyond pretty much stay constant.
Knoxville, TN (PRWEB) February 21, 2013
The Holloway Group, the leading Knoxville real estate team at Gables & Gates, REALTORS recently posted a new article on their website titled, "Top 10 Reasons People Buy Homes".
Troy Stavros, Broker and Partner with the Holloway Group stated, "Even though the Knoxville real estate market may change with ebb and flow of the economy, the reasons people buy homes in Knoxville and beyond pretty much stay constant." The following list of reasons was garnered from the research done by the National Association of REALTORS for their 2012 Profile of Home Buyers and Sellers Report. The list below starts with the most cited reason and descends in order.
Top 10 Reasons People Buy Homes
#1 REASON: Desire To Own A Home Of My Own
#2 REASON: Desire For A Larger Home
#3 REASON: Job Related Relocation or Move
#4 REASON: Change In Family Situation
#5 REASON: Affordability Of Homes
#6 REASON: Desire To Be Closer To Family/Friends/Relatives
#7 REASON: Desire For A Home In A Better Area
#8 REASON: Retirement
#9 REASON: Desire For A Smaller Home
#10 REASON: Desire To Be Closer To Job/School/Transit
Responses varied among age and home buying experience. The report showed that younger buyers were more inclined to buy because of the desire to own a home (this reason was cited by 60% of first time home buyers), while older buyers (those in the 65 and older category) cited the desire to be closer to family and friends and retirement as the primary factors for buying.
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