Infographic showing where families’ priorities lie with the majority of home buyers opting more to pay a premium for the schools of their choice than for certain luxury amenities like a pool/spa.
This supports the current pricing trends in areas with the highest ranked schools (Cupertino, Saratoga, Los Gatos, Los Altos) where purchase prices can be up to 25% higher than original list prices!
Check out the current attitudes of young renters as they start considering purchasing their first home.
Top opinions deal with lifestyle and investing long-term.
Slight gender differences in desired property criteria.
- Women value open floor plans second highest while men value garages.
- Both rank outdoor living spaces the highest!
Real Estate Crushes
There’s been a dramatic increase from 2012 to 2013 in the number of people who feel that home prices will be rising.
2012 represented a slump in the economy while 2013 represents the recovery we’ve all been enjoying – which unfortunately produces higher home prices and interest rates.
Here’s a quick update on how quickly homes are currently selling – half are selling within 6 weeks!
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Another great infographic illustrating the overlap in successful offers that stood out to sellers in order to compete successfully in multiple offer situations.
Ideally the highest overall, all-cash, no contingency offer will appeal greatest to sellers.
Here is an interesting breakdown of how the average household uses water and some ways to reduce water waste.