Looking for more serial buyers

If you cover residential real estate long enough, you’ll hear a lot of strange terms. I came across another one earlier this week: the serial buyer.

Writer Dan Van Benthuysen in a story published in Newsday, wrote about those home buyers who don’t mind moving five or six times, who can’t resist the call of another fixer-upper and who can’t stop imagining what it’d be like to live in that other home down the street, in the next town or in the next state.

You can read this fascinating story here.

It’s hard for me to imagine that anyone would enjoy the moving process. My wife and I moved our son, our dog and our modest belongings from Indiana to Illinois about two years ago. I think my back still hurts.

The Newsday story, though, profiles one real estate agent who had lived in four different homes in six years. And each of the homes had sat in the same one-square-mile village.

What the real estate industry needs to do is find more people like that and clone them. Agents can use all the serial buyers they can find.