What Are the 3 Types of Homebuyers?
April 7, 2017 | Margaret Snow

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With demand so high and inventory so low, it’s safe to say that there are a ton of buyers out there. However, not all buyers are the same. Today I want to go over the three different types of buyers you can expect to find in today’s market.

The first type is the traditional retail buyer. These are people who are looking for a home to live in as their primary residence. Traditional retail buyers have a certain type of property that they are looking for and a list of needs that need to be met. They also typically pay the highest amount for a property because they become emotionally attached. This type makes up the majority of our market.

"TRADITIONAL RETAIL BUYERS MAKE UP THE MAJORITY OF OUR MARKET. "

Next is the fix and flip buyer. These are people who buy a home in order to renovate it and sell it for a profit. The nice thing about this type of buyer is that they pay with cash and can close quickly. They also buy the home as is and don’t ask for repairs, making the process very simple. If you’re more concerned with the time it will take to sell your home than how much of a profit you’ll make, this is your type of buyer.

The final type is a rental investment buyer. These are people who purchase a home in order to rent it out long term. These buyers can usually pay more than a fix and flip buyer because they are not on a time crunch to resell it. They are mostly concerned with what return they’ll be getting from the rental, so as long as rents in your area look good, they’ll be interested.

If you’re thinking about selling your house this year and would like to know what each type of buyer would pay for your home, give us a call or send us an email. We would be more than happy to go over what those offers would look like!
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