o Current homeowners looking to buy are more than twice as likely to have their purchase offer accepted as those who rent (15 percent vs. 6 percent). However, renters are nearly three times as likely as homeowners to report that they made an offer but couldn’t agree on price (14 percent vs. 5 percent).“The recovery has transformed the mindset of many buyers and sellers who grew accustomed to the buyers’ market we saw for years,” said Davidson. “Right now, we’re in a situation where buyer confidence is building back up and demand is strong. As our survey indicates, sellers are now in a more favorable position.”
o 51 percent would be flexible with the closing time.• 85 percent of home searchers are willing to compromise on amenities/features.
o 31 percent would compromise by purchasing the house as-is.
o 29 percent would compromise by putting more cash down than they had planned on.
o 58 percent would compromise on a built-in pool.• 88 percent of buyers are willing to compromise on location-related attributes.
o 49 percent would compromise on a finished basement.
o 37 percent would compromise on an updated kitchen (e.g., stainless steel appliances).
o 37 percent would compromise on walk-in-closets.
o 42 percent would compromise on the length of their work commute.
o 36 percent would compromise on access to restaurants, shopping and general conveniences.
o 35 percent would compromise on proximity to friends and family.
1 National Association of Realtors’ April Existing Home Sales Report – May 22, 2013
This survey was conducted online within the United States from May 2 to May 6, 2013, among 2,058 adults ages 18 and older, of whom 365 were identified as searching for a home to purchase, by Harris Interactive on behalf of Century 21 Real Estate LLC via Harris’ Quick Query omnibus product. Figures for age, sex, race/ethnicity, education, region and household income were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was used to adjust for respondents’ propensity to be online; a full methodology is available.