Talk of Real Estate is Foreclosures...Who's Buying them and Why?

Who Is Most Likely to Buy Foreclosures

Interest in purchasing a foreclosed home is rising rapidly, according to a survey conducted in April by Harris Interactive for Trulia.com, a real estate Web site.

Here's what the survey revealed about buyers who tend to be interested in buying a foreclosure:
-About 60 percent of single/never-married adults are more likely to be at least somewhat interested in purchasing a foreclosure.
-About 50 percent of men are likely to be at least somewhat interested compared with 51 percent of women.
-Younger adults, ages 18 to 34, are the more likely than other age groups to consider buying a foreclosure with 69 percent expressing interest.
-Only 32 percent of adults 55 and older are interested in buying foreclosures.

Ok, this at first might be a little bit off! Especially in the Florida Condominium market! But let's think about this outloud..or at least written!

The first point is a little bit interesting. 60% never married or single...well they could have more time on their hands or looking for a good deal..many being younger and starting out so it's a great way to build wealth early on with the right help. More can be found online about foreclosures in Panama City Florida at http://www.investsmarter.com/florida-real-estate-information.html where we talk about Short Sales in Panama City Florida and Foreclosures in Panama City Florida.

The second point was a little interesting to me. It was equal..well almost 50/50 for male to female. It seems like the girls are stepping right up their with the process! Foreclosure do tend to be a little more work and need some maintenance, so that's wonderful that so many people are getting into the market...that being said it does make it more competitive!!

And the last two look at age. It's probably not surprising that age is a factor, but we at www.InvestSmarter.com don't think of it as age and ability as much as it is a price thing. If we look at the age group of over 55, many have either already settled into their retirement area or are just not looking for home ownership. If we look back at prices, I know my dad at least, feels that even the foreclosure prices are way to high...so that would be an automatic deal breaker for most!

If you are interested in Short Sales and Foreclosures in and around Panama City Florida, Panama City Beach, Florida, Callaway, Springfield, Lynn Haven, etc. please feel free to look at any of the sites below.

www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com