Selling a home, as many people learn, is an entirely different task than buying a home. Buying a home is exciting, and in most cases fairly simple. Selling a home is a little more involved and takes a bit more careful planning. When you are preparing to sell your home, you must look for ways to attract people to your home and then make them want it. In order to do this some renovations may be required.
In many areas of the country, the number of available first-time buyers is at an all-time low. Rural areas are feeling the strongest pinch, but urban and suburban locales are also lacking that layer of the market. The efforts of real estate agents, sellers, and mortgage pros seem fruitless these days. Real estate professionals have shifted their focus to the aging Baby Boomer population downsizing to smaller homes and condos, or opting for active adult living communities. The recent decrease in mortgage rates might do the trick, or so the real estate professionals hope. Where have all the buyers gone?