Posts in category 'Buying A Home'

We've entered into another decade, but what does that mean in the real estate industry for the next ten years? According to a recently released by Lending Tree for a significant number of U.S. homeowners, moving is in the cards.

LendingTree surveyed more than 1,500 Americans, finding that 45 percent of homeowners are planning to move during the 2020s. What is the motivation? At the top of the list is moving to a location with a lower cost of living, at 30 percent. Nearly as important to respondents (at 28 percent) is moving for better job opportunities. Other reasons include moving to be closer to their children (21 percent), retire (18 percent), be in a bigger city (12 percent), be in an area with better schools (9 percent), be closer to their parents (11 percent) and because they don't like their current area (16 percent).

Click Here to Read More...

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...

Click Here to Read More...

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...

Click Here to Read More...

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...

Click Here to Read More...

Image by Bruno Glatch 

The best dog of course is the one you have and love, however, if you're thinking about getting a dog... there are ones that are quite content in small places and don't need a lot of exercise outdoors. See what adorable furry friends might just fit your needs.

Click Here to Read More...