More than half of homebuyers are willing to trade a larger house for a larger yard, according to a survey recently conducted by the Society to Talk Millennials into Buying Boomers’ Obsolete Sprawling Ranchers.
33 percent of 412 millennials recently surveyed listed their pet as their top homebuying motivation. 25 percent listed marriage. 19 percent listed the birth of a child.
From a reader: “The market has gotten VERY HOT this year and we are starting to wonder if the bubble is back…this time encouraged by zero inventory, a handful of IPOs and a great deal of foreign investors worried about the stability of the economy in their home country. Seems like a great time to sell but would you advise waiting for a market correction to buy?”
Are suburban buyers looking for urban-style features in their homes?
Anyone who goes to city hall to ask a question about permit status, tree removal or a lot’s development potential–questions potential buyers often ask–runs the risk of getting contradictory or even just-plain-wrong answers. The best legal thinking these days is that buyers should get their right, wrong or just confusing answers directly from the city (or county) rather than second-hand from their agent.
One of the great things about being an agent is that not only do you get to help your clients achieve their dreams, you get to live vicariously. If they’re looking for a vacation home on the Central Coast, you’re looking for a vacation home on the Central Coast, at least until escrow closes and reality reasserts itself.
Ever wondered what the next real estate downturn will look like? Ever wondered why they say it’s unwise to try to time a market? Read on.