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Home Buyers and Sellers With Children: Understanding Priorities
Louisiana Realtors • Dec 27, 2018
Buying a home is an exciting time in anyone’s life. However, depending on the stage that your client is in, there are going to be varying priorities. This is especially true for a family with young children. This type of client is going to be focused on a lot of different things compared to a newlywed couple or empty nesters. Understanding not only what they want and what they need, but why is what makes a REALTOR® such a valuable resource. Here are some statistics that show what is important to potential homebuyers with children under the age of 18.
· 50% of homebuyers with children consider a neighborhood based on the quality of the school district, compared to 11% of buyers without children.
· 45% of homebuyers with children consider a neighborhood based on its convenience to schools, compared to 6% of buyers without children.
· 40% of homebuyers with children find their REALTOR® from a referral.
· 76% of homebuyers with children prefer personal calls from their REALTOR® for updates.
· 62% communicate via text message.
· 27% of homebuyers with children cite that child care expenses have delayed the homebuying process.
· 26% of home sellers with children try to sell their home urgently, compared to 14% of home sellers without children.
· 24% of home sellers with children need a larger home, compared to 8% without children.
· 18% of home sellers with children want to move closer to family, compared to 5% without children.
While each buyer and seller has unique needs, a REALTOR® is a knowledgeable professional there to help navigate any challenge.
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A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy
Since REALTORS® are essential in enabling housing access for all people, regardless of background or attributes, they view adherence to the FHA as both a legal and moral responsibility.
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