Home Features Most Desired by Age

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Home buyers are demanding more home features that help them save energy and keep the home organized, a new study released by the National Association of Home Builders, “Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers” reveals.

However, the generations – millennials (born 1980 or later); Gen X’ers (born 1965-1979); baby boomers (born 1946-1964); and seniors (born 1945 or earlier) – do show some differences in what home features they value the most. In a nationwide survey of more than 4,300 home buyers, NAHB pinpointed those differences and which features each generation most desires.

The following are the home features most wanted by each generation…

5 Dating Tips That Apply to Home Shopping

Front Door 2

Finding the perfect housing match can be like finding the perfect mate, and that search isn’t always easy!

In a recent article, realtor.com® highlights how home-shopping can feel a lot like dating.

Appealing to Multigenerational Buyers

Appealing to Multigenerational Buyers

Select the photo above to read about one of the latest trends.

What’s Topping Home Buyers’ Shopping Lists

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Home buyers are looking for storage, energy efficiency and outdoor space, according to the latest preference survey released by the National Association of Home Builders and Better Homes and Gardens during the NAHB International Builders’ Show in Las Vegas this week.

Some of the top new-home desires cited by home buyers of all ages include separate laundry rooms, energy-star appliances and windows, exterior lighting, and a patio.

Read more…

Why Age 61 Is Important to Real Estate

United States

By age 61, the majority of people feel free to choose where they most want to live, according to a new study by Merrill Lynch, “Home in Retirement: More Freedom, New Choices.”

“Throughout most of people’s lives, where they live is determined by their responsibilities,” according to the report. “Most careers demand that people live within a reasonable commuting distance from where they and/or their spouse work. However, as people enter their 50s and 60s, they begin to cross what this study reveals to be the ‘Freedom Threshold.'” That’s the age when people say they can finally choose where they want to live, according to the survey of more than 3,600 retirees.

Read the article…

Is That Nanny Cam Recording You in a Listing?

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You and your buyers should walk through every home like there is a nanny cam recording your private conversations. If you are recorded, the information gleaned from your private conversations with buyers could be used against you in negotiations, warns a new video by the Washington REALTOR® Legal Hotline Lawyer.

Lawyer Annie Fitzsimmons with the Washington REALTORS® says that more sellers are using nanny cameras to record video – and in some cases, even audio – when their home is on the market. The cameras may allow them to intercept conversations between agent and buyer inside the house that sellers can then use to their advantage in negotiations, such as the buyer raving about how much they loved the house and how they’d even be willing to pay full price for it, Fitzsimmons says.

Read more…

Where Autumn is Hot for House Hunting

Seasonal Home Search Activity

Labor Day marks the end of summer – and the end of the traditional house-hunting season. Based on properties viewed on the Trulia website for the full years of 2011-2013, home search activity jumps in March, stays high through summer, and then falls below the annual average in September and stays that way until the new year begins. Nationally, home searches for September and October combined are 6% below the annual average.

Does that mean that everyone looking to buy or sell a home in 2014 has missed the boat? Not necessarily. Every local market has its own seasonal pattern for house hunting. Comparing September and October search activity with annual averages in 2011-2013, we found markets where the autumn slowdown is slight. And there are a handful of local housing markets where autumn is actually prime house-hunting season – mostly vacation areas that are in the mountains and forests but not near the beach.

Read the article and see where Seattle ranks…

Millennials Will Move to the ‘Burbs for Good Schools

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The next generation of home buyers say they will move to the suburbs if it means they can find quality schools there, according to a newly released survey by realtor.com®.

In fact, millennials – the generation born between 1980 and 2000 – are less likely than other generations to compromise on school districts when in house-hunting mode, the survey revealed. Fifty-two percent of millennials said school districts are a deal-breaker in their home search, compared to 31 percent of all buyers, the survey found.

Read the article…

The Great Debate: Old vs. New Homes

There’s no right or wrong answer when it comes to the question of old vs. new in real estate.

Ask yourself, do you enjoy a home with character and timeless style? Or, are you a fan of the starting-from-scratch approach, which begins from the ground up—literally—and creates something new, modern, sleek and, energy efficient?

Read Jessica’s post…

How Buyers Can Irk Sellers

Both parties have to come together in a transaction, and real estate professionals sometimes find themselves wedged in the middle of buyer and seller disagreements. Some sellers may accuse the home buyers of being too pushy with their demands.

Bankrate.com recently highlighted several ways that homebuyers have been annoying some sellers.