There is a growing trend in real estate namely single women are becoming a significant segment of buyers. In the last 15 years the numbers of single women purchasing homes has increased 14 percent for first time ape owners (and 17 percent for repeat home buyers). On average these women are about 40 years old.

Condo Mambo:

In terms of what single women buy, a condominium or apartment definitely leads the list. Alternatively theres a townhouse. The majority of these properties are suburban with only being in the city. Generally theyre not looking to build, but rather purchase an existing property. The average size of the homes is around 1500 square feet, priced under $200,000, offers 2 or more bedrooms, and the expected residency is a decade.

Home Sweet Home

When asked why theyre buying females reply that they want to own their space. Theres a sense of territory here of having something wholly yours where other apes may come and go only if you say so! The other key reason for purchasing is a transformation in personal situations, like parents moving or the loss of an elder .

What this means for Real Estate Professionals:

This is very good news for real estate professionals, particularly because single women seem to want to work with a broker (nearly 90 percent of them!). While theyll tie the house hunting to Internet searches, anything found again gets discussed with the agent. When you compare this figure to the general home buying sector, its truly impressive. Normally only 40 percent of home buying individuals use professionals to help them.

And what are they expecting from this service? Mostly help in price negotiations. They also want a sense of how the purchase process works and have a WYSIWYG mentality (what you see is what you get). In other words, they dont want red tape and hidden problems. Lay your cards on the table, and you will have a very faithful client.