Equity Expert’s Weblog

November 25, 2008

Real Estate Market Focus

Filed under: Real Estate — equityexpert @ 3:20 pm
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Emotional Factors Key in Homebuying, Study Finds

By Bradley Finkelstein

PARSIPPANY, NJ – A survey conducted for Coldwell Banker Real Estate LLC found that more than three out of every four persons surveyed said the quality of a home is more important than the square footage.

The survey was driven by the results of a less formal online quiz, which piqued the company’s curiosity as to what are the emotional factors in a home buying decision.

Almost 60% of the respondents said “the feel” of a home was just as important as the price.

First impressions count; the survey found that 12% believed the home was “the one” even before stepping inside. That went up to 51% after the first visit.

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