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The Top Reasons Why Americans Buy Homes
Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained: “Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.” Boland went on to say: “The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make.” This was evidenced in the report when they asked today’s homebuyers to define homeownership. Their answers tell the whole story. Bottom Line Homeownership has always been a part of the American Dream and survey after survey confirms this will always be the case. Source: http://www.keepingcurrentmatters.com/2016/04/13/the-top-reasons-why-americans-buy-homes/ #HomeBuying #HomeOwnership #RealEstate #SimardRealtyGroupLLC #TheHouseSoldName The reason that your Connecticut home did not sell is thatthe market thinks your home is overpriced.As an expert in real estate marketing, I would like to offer you a free review of how the following items couldincrease the market's perception of the value of your home:
Stephen Simard - Simard Realty Group with Keller Williams REALTOR Keller Williams 860-626-5090 SimardRealtyGroupLLC@gmail.com License #: Res.0788068 524 Hopmeadow St Simsbury, CT 06070 860-626-5090 Licensed in CT and MA Licensed in CT & MA Check out all the great listings we have for sale! Know anyone who might be a good fit for one of these properties? Contact me at 860-626-5090.
http://www.searchallproperties.com/simard #SimardRealtyGroup #ContactUs #Listings Thinking of Selling? 5 Reasons You Shouldn’t FSBO
In today's market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. There Are Too Many People to Negotiate With Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner: The buyer who wants the best deal possible The buyer's agent who solely represents the best interest of the buyer The buyer's attorney (in some parts of the country) The home inspection companies, which work for the buyer and will almost always find some problems with the house The appraiser if there is a question of value 2. Exposure to Prospective Purchasers Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you? 3. Results Come from the Internet Where did buyers find the home they actually purchased? 44% on the internet 33% from a Real Estate Agent 9% from a yard sign 1% from newspapers The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial. 4. FSBOing Has Become More And More Difficult The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years. The 8% share represents the lowest recorded figure since NAR began collecting data in 1981. 5. You Net More Money When Using an Agent Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent's commission. The seller and buyer can't both save the commission. Studies have shown that the typical house sold by the homeowner sells for $210,000, while the typical house sold by an agent sells for $249,000. This doesn't mean that an agent can get $39,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense. Bottom Line: Before you decide to take on the challenges of selling your house on your own, let's get together and discuss your needs. #RealEstateAdvice #SellingYourHome #SimardRealtyGroupLLC Foreclosure Rate Drops to New Post-Crisis Low
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