Zillow Releases Survey Detailing Buyer Concerns
By admin / October 29, 2008 / Commentary
No Comments on Zillow Releases Survey Detailing Buyer Concerns
Zillow released a survey today on the financial concerns of home buyers entering the market. The bottom line: it isn’t pretty, and it may be indicative of slow times continuing for agents. Of those surveyed, 94 percent said they had at least one financial worry about buying a home.
Here are the results:
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Financial Worries About Buying a Home Within the Next Five Years
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||
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Plan to buy in 2 Yrs or Less
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Plan to buy in 3 Yrs or More
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Interest rates
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68%
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24%
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Local property taxes
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63%
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25%
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Purchase price
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57%
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27%
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Closing costs (e.g. legal fees)
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41%
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16%
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Maintenance costs
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39%
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16%
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Realtor fees
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26%
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12%
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Inspection costs
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16%
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8%
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Other
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7%
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2%
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