Survey Results

Page: Default Section

1. This survey is for people with FIRST HAND experience in a multiple-offer sale in Massachusetts in 2008. (If you were in more than one, please complete the survey for each one separately.) You were in a multiple-offer situation as a
		Response Percent	Response Count
Buyer		80.3%	53
Seller		9.1%	6
Agent		10.6%	7
	answered question		66
	skipped question		1

2. What kind of property was this?
		Response Percent	Response Count
Single family		75.0%	48
Condo in a 2/3 family home		6.3%	4
Condo/Townhouse		7.8%	5
Condo in a larger complex		6.3%	4
Two-family home		3.1%	2
Investment property		1.6%	1
Land		0.0%	0
Other (please specify)			3
	answered question		64
	skipped question		3

3. When did this multiple offer sale happen?
		Response Percent	Response Count
Spring 2007		3.2%	2
Summer 2007		4.8%	3
Fall 2007		6.3%	4
Winter 2007-2008		3.2%	2
January 2008		0.0%	0
February 2008		1.6%	1
March 2008		7.9%	5
April 2008		25.4%	16
May 2008		19.0%	12
June 2008		23.8%	15
July 2008		4.8%	3
exact date, if known			6
	answered question		63
	skipped question		4

6. When did this multiple offer happen? (SELLERS and seller's agents continue at number 15...)
		Response Percent	Response Count
Fall 2005		0.0%	0
Winter 2005-2006		0.0%	0
Spring 2006		0.0%	0
Summer 2006		0.0%	0
Fall 2006		0.0%	0
Winter 2006-2007		1.7%	1
Spring 2007		5.0%	3
Summer 2007		5.0%	3
Fall 2007		6.7%	4
January 2008		0.0%	0
February 2008		3.3%	2
March 2008		15.0%	9
April 2008		26.7%	16
May 2008		16.7%	10
June 2008		18.3%	11
July 2008		1.7%	1
date, if you know it			7
	answered question		60
	skipped question		7

7. What was the most important criteria that this property met for you?
		Response Percent	Response Count
Location		54.5%	36
Size		3.0%	2
Condition		12.1%	8
Style		4.5%	3
Affordability		16.7%	11
Good investment		9.1%	6
Other (please specify)			6
	answered question		66
	skipped question		1

8. What are you looking for in terms of location? What does the property need to be near?
		Response Percent	Response Count
Mass Transit		50.8%	31
Child's playground		16.4%	10
School		37.7%	23
Retail area/ restaurants		27.9%	17
Park, greenspace		32.8%	20
Highway for commuting		27.9%	17
Work		55.7%	34
	answered question		61
	skipped question		6

9. What are you looking for in terms of size?
		Response Percent	Response Count
two bedrooms		13.8%	8
three bedrooms		63.8%	37
more than three bedrooms		25.9%	15
one and a half baths		15.5%	9
two or more baths		27.6%	16
fours rooms		1.7%	1
five rooms		0.0%	0
six rooms		0.0%	0
seven rooms		1.7%	1
eight rooms		3.4%	2
nine or more rooms		1.7%	1
Other (please specify)			5
	answered question		58
	skipped question		9

10. What are your needs in regard to outdoor space?
		Response Percent	Response Count
no space is OK		13.3%	8
balcony I can stand on		0.0%	0
balcony I can serve breakfast on		8.3%	5
patio		13.3%	8
enough yard to grill on		30.0%	18
enough yard to seat 10 people		20.0%	12
enough yard to have a swingset and play space		33.3%	20
enough yard to play volleyball		3.3%	2
enough yard to play touch football		8.3%	5
enough yard to play touch football and have a table for 10 people		1.7%	1
enough yard to need a riding mower		1.7%	1
	answered question		60
	skipped question		7

11. How many parking spaces do you need?
		Response Percent	Response Count
one		26.3%	15
two		57.9%	33
three or more		15.8%	9
	answered question		57
	skipped question		10

12. How many garage spaces do you need?
		Response Percent	Response Count
none		55.4%	31
one		25.0%	14
two		19.6%	11
three or more		0.0%	0
	answered question		56
	skipped question		11

13. How much work would you be willing to do after purchase?
		Response Percent	Response Count
Complete rehab		8.5%	5
Major rehab, like kitchen or bathrooms		25.4%	15
Minor rehab like painting a floor sanding		39.0%	23
Nearly move-in, but some old-fashioned but usable		16.9%	10
Move-in only		10.2%	6
Other (please specify)			2
	answered question		59
	skipped question		8

14. What is the address of the property? (BUYERS, this is your last question. Thank you! The rest of the questions are for sellers.)
		Response Count
		14
	answered question	14
	skipped question	53

15. What was the most important aspect of the offer you accepted?
		Response Percent	Response Count
Price		50.0%	4
Closing date		12.5%	1
Secure financing		12.5%	1
Agreeable/nice person or people		0.0%	0
My agent said it was best		25.0%	2
Other (please specify)			0
	answered question		8
	skipped question		59

16. Why do you think your property sold so well?
		Response Percent	Response Count
Priced right		25.0%	2
Good condition		12.5%	1
Good location		50.0%	4
Well staged		12.5%	1
Great broker		0.0%	0
We were lucky		0.0%	0
Other (please specify)			1
	answered question		8
	skipped question		59

17. Did you need to sell in order to finance your next purchase?
		Response Percent	Response Count
Yes		50.0%	4
No		50.0%	4
	answered question		8
	skipped question		59

18. Which of these things did you want in your accepted offer?
		Response Percent	Response Count
Buyer with 20% or more down		37.5%	3
A specific closing date		50.0%	4
A flexible closing date		12.5%	1
Rent-back option		0.0%	0
Easy to work with buyers		25.0%	2
Someone who would love the house		12.5%	1
Other (please specify)			0
	answered question		8
	skipped question		59

20. How long was your property on the market before you had multiple offers?
		Response Percent	Response Count
Less than one week		50.0%	4
One to two weeks		25.0%	2
Two to four weeks		0.0%	0
One month to two months		12.5%	1
Two to three months		0.0%	0
More than three months		12.5%	1
	answered question		8
	skipped question		59