Intero Insider: Move-up Buyers Hungry for Bigger, More Expensive Homes

By Gino Blefari, President & CEO, Intero Real Estate Services, Inc.

Here’s a term we haven’t heard much of in the last few years: move-up buyer. But many markets are now seeing many more of these folks. Some are even showing signs of strength in luxury or the high-end of the market thanks to this type of buyer.

After the recession started to take hold in 2008, the market for large and expensive homes fell as more buyers looked for more affordable places to live that weren’t as much of a drain to heat, cool and keep lit up.

Top 5 Reasons for Buying



HouseLogic is producing some video tips about buying and selling real estate. Here's a sample, this one about getting ready to buy a home. Let us know how you like it. If there's enough interest we'll post more.

Buyers Welcome!

Real estate transactions are happening in Gilroy. Inventory is moving downward and neighborhoods are filling up. As an example, the last two homes in our immediate neighborhood have gone into contract.

With sales comes financing - and there is money to loan for residential purchases. The caveat is that it's not easy to qualify for it.

There's a lot of info out there about what it takes to get a residential real estate loan today, with the significant and first thing being that a buyer has to have money - a down payment. After that, buyers have to prove that they can make the payments, and that's the part that's taking a great deal of time. Very few escrows close in 30 days anymore.

Here's an article on what lenders look for nowadays.

Team Patereau has had success in guiding buyers through transactions this year. We have good lenders to refer our buyers to, and we help them every step of the way. Contact us as the first step in your journey to purchase a new home.