Given the numbers of single-women on the home buying market , it is important for those in the housing industry to become acquainted with what these women look for when buying a home. selling a home has some nice tips on this. Women’s primary concern is health, followed by a desire to become a part of a social community. This may account for the apparent preference for condominium-living among women.
Female buyers are skilful and perceptive. Intending to find their perfect home and make a smart investment, they enter the real estate market. Before making a purchasing decision, women tend to proactively research the market, neighborhoods, and property prices. Nevertheless, when it comes to research, it is the first-time female buyer who tends to focus on on-line data, while mature female buyers rely more on previous homeownership experiences.
Typically, the first-time single-woman home buyers are financially conservative and gravitate to condominium maintenance-free lifestyle. Condominium offerings such as security, concierge, underground car park, fitness centers and guest suites make it an attractive choice in lifestyle.
Women tend to be more descriptive in terms of square footage, facilities, and proximity to family and work, and particular about their needs. Statistically, women spend longer periods than men looking for an acceptable home. Women are cautious, do their homework, carefully study the market, spend more time looking for possible homes using the internet and prefer to be transparent about networking with friends and colleagues about home buying issues. Women are more likely to seek out women mortgage brokers, lawyers and professionals in the real estate sector.