Although are the Principle Points of Economics are important, one sticks out, Principle 4: People Respond to Incentives plays a major role. People look for incentives everyday in shopping for electronics, cars or grocery items. Consumers are always wanting or seeking to find the best deal before there is a purchase made. Making a decision to purchase a house is very important but also when to purchase a house is a major factor. Actually the Checkpoint brings back memories for me. My husband and I were in need of buying a new home because of our new addition. One factor came into to place quickly, location, location, location. We decided to move to a town which provided shopping centers, school and job distance.
A potential home buyer next goal is to interact. Interacting plays an important role, as far as looking and seeking where the potential buyer wants to live. How much money and price range is important as well. Both parties will need to interact with both incomes before the purchase.
An important factor is how the housing market is progressing, are the potential developments continuing to grow. Are potential buyers exceeding home purchase or is the development not reaching is quota. Over the years the rise and fall of the economy has stagnated potential home buyers.
Looking to buy a house in seasons, winter, spring , summer or fall. Most potential buyers want to move before school starts. In all when and where are factors that come into play when buying a home.