Real estate is a lucrative market, but it is also highly competitive. In this situation, agents must have a competitive advantage when selling land. It's crucial to get into the mind of the ideal buyer and figure out who they are and why they want to purchase a particular house. These factors influence asking and selling rates for properties, and they should be considered if you're looking to buy or sell a home.

While 2020 was not the best year, it was a successful year for the real estate industry. Homebuyers have been able to view properties from the comfort of their own homes thanks to mobile apps like Proxgy, which offer convenient access to virtual real estate viewings. Easier access to homes has given rise to an increase in the number of homebuyers.

Everyone is unique, but they are searching for a home that distinguishes them. The problem is that there are so many different types of people looking to buy a house, each with their own set of requirements. As a result, sellers and agents must first develop and recognise the buyer's identity, which will help in assessing the buyer's needs and how they should be handled.

Therefore, we've compiled a list of various types of homebuyers so that agents know what to expect. If they understand this, it will be easier for agents to assist them and provide them with the properties they need.

  1. Buyers Who Are Making Their First Purchase

These buyers are typically from middle-class families searching for a way into homeownership through affordability and secure, liveable home. They are likely to be drawn to homes with large gardens that provide enough space for planting as well as play areas for children. They usually need at least two bedrooms and two full bathrooms to accommodate growing families and visitors. 

  1. Investors with a Long-Term Horizon

These buyers have a specific goal in mind when purchasing a home. They will be affected by mega-infrastructure projects such as airports and Metro rail, with the anticipation of high returns over time. As you might be aware, such ventures will take anywhere from three to eight years to complete, and the developers who are considering these innovations do so with a long-term outlook in mind. Their interest in future developments near these projects will be evident. As an investor, they would search out an offer that allowed them to pay a lower upfront cost.

  1. Customers Who Are Highly Inspired

These are the types of customers that agents want because they are able to purchase right now! They may be relocating to this area due to a work move, or they may have already sold their previous home and need to find a new one quickly. They are well-informed, have done their homework, are familiar with home values, and are prepared to make an offer if the price, location, and amenities all match! These buyers are almost always pre-approved by a lender and work with a realtor.

  1. High-End Consumers

These are wealthy individuals or foreign professionals who may own many homes who are willing to invest the money necessary to secure a home with luxury features such as heated floors, open floor plans, chandeliers, and large bathrooms. These buyers are likely to look at a variety of homes before deciding on a particular spot, and they may have a long list of criteria for their new home.

  1. Those Who Invest in Buy-to-Let Properties

This buyer is most interested in a property that can produce income while rising in value over time. They're generally looking for a secure, long-term investment that requires little upkeep. They're usually looking for units that don't need much work and can be rented out right away to start earning money. These buyers are often seeking larger homes that can be leased to affluent tenants or students in a commune environment.

These five forms of homebuyers should be on the lookout for agents, and they will come across them at every turn. Real estate virtual site visits, as previously reported, have increased the number of buyers, and site visits with the Proxgy user app provide homebuyers with the added benefit of real-time guided tours.

Simply download the Proxgy app, choose Proxgy for Real Estate Viewings, and your virtual avatar will be ready to assist you and take you around the property you're interested in!

Author's Bio: 

The author of this article is a professional having years of experience in the field of Digital Marketing and currently associated with Proxgy. The author is an expert in writing on virtual travel, online video shopping and Digital marketing topics.