All posts by Philip Ford

More Professionals Weigh a Job in Real Estate

The number of applications for real estate licenses is up in many areas of the country due to the improving real estate market. The National Association of REALTORS® added 42,000 agents in 2013, which marked the first increase in about seven years.

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Most Common Regrets of the First-time Homebuyer

  • 62% outgrew their homes quickly and wished they had purchased a larger home
  • 40% feel they paid too much or should of put more down
  • 38% were surprised by how much it costs to maintain a home
  • 34% wished they had negotiated more or found a better mortgage rate
  • 25% found out after moving in that they didn’t like the neighborhood
  • 24% have regrets related to their yard
  • 17% dislike their parking situation

Source: HouseHunt.com

What Amenities Are Important to Home Buyers?

Here are the results of a recent survey of more than 1,000 people ages 25 to 65:

  • 64% say they prefer a move-in ready home
  • 51% say they want their next home to be larger than their current home
  • 29% say the kitchen is the most important feature in a home
  • 22% say the master bedroom is important
  • 18% say the living room is important

Here are some things that buyers are willing to give up in order to get certain amenities:

  • 41% are willing to give up a location near public transportation
  • 35% are willing to give up better schools and proximity to entertainment and shopping

How Can Home Buyers Assist Their Real Estate Agent?

You can make the home buying process go much smoother for yourself and your agent if you can answer these 10 questions in the beginning:

  • Why buy and why buy now
  • Are you working with a lender
  • How many houses have you looked at already
  • How do you prefer to be contacted
  • What if we found the perfect house tomorrow
  • What are your three favorite neighborhoods
  • What is your favorite room in the house
  • How important is outdoor/garage space
  • How long do you think that you’ll live in the house that you buy
  • What is a deal breaker for you