Posts made by author 'Carol Solis'
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30
Congratulations to CAAR's 2019 Good Neighbor Award Recipient!
Credit: CAAR 2020 Installation of Officers Meeting photography provided by Tod Cohen Photography. Left to right: CAAR Second 2019 GNA sponsor Hal Johnson of Guaranteed Rate, CAAR Second 2019 GNA recipient Rives Bailey, The Arc of the Piedmont Executive Director John Santoski, and CAAR 2019 President Tele Jenifer.
CAAR has announced Rives Bailey REALTOR® with Montague, Miller & Company REALTORS, as the recipient of the CAAR Second 2019 Good Neighbor Award (GNA), sponsored by Hal Johnson at Guaranteed Rate.
The Good Neighbor Award program highlights local REALTORS® who dedicate significant time and interest to projects that make a lasting impact on our communities.
Bailey has been volunteering with The Arc of the Piedmont, an organization that provides services to people with intellectual and development disabilities, for five years.
"He has been a valuable part of the organization. He has served as a Board member, and most recently as our Board Chair. He has been very instrumental in getting us into our new building on Rose Hill Drive, that we are very, very pleased with," said John Santoski, Executive Director of The Arc of the Piedmont.
A $500 donation was made to The Arc of the Piedmont in Bailey's name.
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30
When a House Becomes a Happy Home!
A special Thank You to all of our customers and clients for the opportunity to serve you throughout 2019! It has been our pleasure helping you in your journey to realize "When a House Becomes a Happy Home!
Most of us can agree it makes financial sense to buy a home, but more often than not, we forget to reflect on the emotional reasons for homeownership. Whether it's a comforting view, a certain scent or a favorite chair, the feel-good connections to our own homes are typically more important to us than the financial ones. Here are some of the reasons why
1. Owning your home offers stability to start and raise a family
From the best neighborhoods to the top school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for c...
3
Is It a Good Idea to List My Home This Holiday Season?
8
Snapshot of Today's Home Buyer
Home buyers are ready to plant roots: Today's buyers are young, multicultural, tech-savvy, and eager to buy a home as a personal investment, according to the National Association of REALTORS®' 2019 Profile of Home Buyers and Sellers. Young adults ages 25 to 34 make up a quarter of all home buyers, the largest share. Meanwhile, first-time buyers are getting older: The median age of this cohort rose to 33—the highest on record in the NAR survey.
Snapshot of Home Buyers
- Average age: 47
- Median household income: $93,200
- Living situation: 61% married; 17% single females; 9% single males; 9% unmarried couples
- Demographics: 84% white; 7% Hispanic; 5% Asian; 4% African American; 3% other
- Average length of house hunt: 10 weeks (touring a median of 9 homes)
- Primary reason for purchase: Desire to own a home
- Most common house type purchased: Detached single-family home, 1,850 square feet, three...
8
Snapshot of the Today's Seller
Sellers are already rooted, having lived in their current home an average of 10 years, NAR's report shows. Sellers are equity-rich and rely on real estate professionals for guidance now more than ever before, according to the National Association of REALTORS®' 2019 Profile of Home Buyers and Sellers. Equity gains prove a boon to sellers. Higher home prices have translated into faster appreciation for homeowners.
Snapshot of Todays Sellers
- Average age: 57
- Median household income: $102,900
- Living situation: 72% married; 16% single females
- Tenure in the home: 10 years (up from 6 years from 2001 to 2008)
- Median length of time on the market: three weeks
- Price sold: Median of 99% of the list price
- Median equity: $60,000 higher than what owner originally paid at purchase
- Incentives for buyers: 34% offered incentives, such as home warranty policies or assistance with closing costs...