by Stephen E

This Happening Homes Update is brought to you by Yardley's Drew Ferrara with RE/MAX TOTAL. Drew Ferrara has been Ranked #1 of all Bucks County’s RE/MAX Agents for 4 years running (2011 through 2014); has earned the distinction as one of the top 25% of the top 1% of all real estate agents in Bucks County; and even ranks among the local agents representing homes with the least active days on market (Source: Trend)!

Never settle for less than TOTAL!  Call Drew at 215.369.HOME or read more about his winning Bucks County real estate formula online at www.homesinbuckspa.com.

The real estate market is on the upswing; in fact, real estate prices in Bucks County and most other areas in Pennsylvania are climbing back up. Houses are spending less time on the market before finding a new owner, and the number of foreclosures is decreasing. Buyers in the market for a new home, looking to upgrade to something bigger or more recently built, or those investors who are looking for property to use for income, there are several trends that should be kept in mind when hunting for the right home. The following list of home trends will help buyers and sellers in Bucks County and beyond when looking for a home.

Age

Millenials have consistently decided to postpone home ownership, unlike the generations before them, in favor of renting apartments and condominiums. This has helped the rental market. However, this age group is now looking to purchase homes. If you have a home to sell, it is important to cater to this age group. Keep them in mind when staging your home to sell. However, the baby boomer generation is still buying and selling homes in full force, and this trend is expected to continue throughout the next decade at least. So, don't forget this age group if you are looking to sell your current home and purchase something new.

Location

Millenials are finding that the big cities aren't the only places to find a home and be close to the action. These younger buyers are moving away from the cities, to quieter areas. Bucks County is one of the areas that is seeing an influx of younger buyers who are looking for all of the amenities of the big city, without the hustle and bustle. Again, keep these buyers in mind when you are preparing to sell your home. And buyers should be aware of the competition when deciding when to make an offer, and what type of offer they plan to come out of the gate with.

Attitude

Experts are cautioning both buyers and sellers against becoming overly-optimistic in the face of the upswing in the real estate market. The dark days of the market crash are behind us, but a lesson should still be learned so history is not repeated. Confidence is great, but don't become overly-confident. Sellers should be reasonable when determining asking prices and other terms for their properties. As well, buyers should be reasonable and make appropriate offers when looking to purchase.

The market in the Bucks County is stable, and real estate experts expect prices to go up over the next few months. If you are looking to purchase a home and your finances are stable enough to do so, the best time to purchase is now. The market is making a comeback and as prices continue to increase over the next few years, savvy Bucks County buyers have an opportunity to capitalize.

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