What Kind of Buyer Are You in Ferntree Gully?

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WELCOME TO
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What Kind of Buyer Are You in Ferntree Gully?
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Buying and selling property are terms easily
understandable to laymen. In fact, these two
terms are most widely used among common people.
Everyone knows the definition of buying a
property and selling a property. But the truth
is that the real estate industry is not limited
to just buying and selling. There are a lot more
things that go along with it. Just like the
industry itself, real estate has a wide
terminology. For instance, if you are looking to
buy a home or property in Ferntree Gully, you
will fall into the buyer category, which also
has its types like first-home buyer, investment
buyer, etc. Similarly, this is the case with the
selling of homes or property. Now, let us see
what does the property market hold and how does
it define the types of buyers in the
market. Basically, the property market has
identified three purchasing groups First-Home
Buyers Relocators (Upsizers and Downsizers)
Investment Property buyers If you are thinking of
buying a property in Ferntree Gully, or nearby
suburbs, the best way is to hire a real estate
agent. DJ Randhawa is the best real estate agent
offering his expertise in Knoxfield and Ferntree
Gully. Contact him for any real estate
needs. Now, let us understand what type of buyer
are you. Are you falling in the category of
first-home buyers, relocators, or investment
property buyers?
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Who are First-Home Buyers (FHB)?
As the name suggests, these are the type of
buyers who make such a big purchase for the
first time in life. People usually tag newlywed
couples as first-home buyers but this is not the
case all the time. Anyone, irrespective of age,
if buys a home or a property is regarded as the
first-home buyer. The first-home buyers looking
for an entry-level home. The young couple or
even the single youngsters who plan to shift
from their parents home may look for the
property. They will also fall in the same
category. The first-home buyers buy the property
at sub-median prices and may even want to start
a family. Such home buyers have limited capital
and minimal assets. These buyers are also highly
sensitive to interest rate movements. They are
even scared of missing out on the Great
Australian Dream. As per the news, the average
age of the first-home buyer has risen from
33-years-old to 35-years-old quite recently.
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Who are Relocators?
Relocators are those who either want to move to a
bigger space or a smaller place. The relocators
are also of two types upsizers and downsizers.
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Upsizers
These are the buyers who look forward to buying
a bigger home compared to the previous one. For
instance, if you are living in a two-bedroom set
house and you want to shift to a three-bedroom
set, you fall in this category of relocators.
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Downsizers
These are the buyers who look forward to buying a
smaller home. For instance, if you are living in
a three-bedroom set home and want to move down
to two-bedroom set home, you will fall in the
category of downsizers. Relocators look for a
speci?c property type like something bigger,
better, closer, or smaller. Depending on the
finances, some may sell their home at a good
price first and then make a shift or some may
want to buy without selling their current
property.
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Investment Property Buyers in Ferntree Gully
These are the type of buyers who aim to buy homes
and properties to make money. These are the
people who may not compete on price and, in
theory, should never buy at auction. These are
the buyers who would either give their property
on rent or earn revenue. All the above groups
have different motivations and based on that
they make the final decision.
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41/1470 Ferntree Gully Rd, Knoxfield VIC 3180,
Australia (61) 452 054 470 dj_at_knoxpropertyexper
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