When you thinking of selling your home you should not only make it shine from the inside and out, you should think about what type of buyer is in the market. It also depends what type of buyer would be looking at your house in the area where you are located.  For example you will not see young buyers in a 55 and over neighborhood.

61% of today’s buyers are between 20 and 48 years old, 30% of the buyers are boomers, and the other 9% are the 68 and older generation. The younger buyer is attracted more often to the older homes. It might be due to pricing or they might not be turned off by having to make possible renovations or updates. Where the boomer generation is ready to retire and they are looking at homes that don’t need such repairs. While most of the buyers that are under 60 are attracted to the single family freestanding rather than the condo, the younger buyers are tending to look at connectivity and convenience to the job, shopping, entertainment, good schools, community, cost, and community conveniences.

Most all buyers regardless of what age group started their search for a new home online and very few contacted a mortgage professional. However, most of them purchased their home with the help of a real estate professional.

There is nothing you can do about the location of your home but you should consider who you are selling to and decide whether or not to update your home prior to selling. When you don’t make any renovations or updates to your home be prepared to attract a first time buyer who is not willing to pay much for the home compare to a buyer that is willing to pay a close to full price when your home is renovated and updated.