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What do buyers want in a home? Survey offers cluesCategory: Real Estate News | Permalink Published: Friday, April 09, 2010 Home buyers have a tendency to desire it all, especially in this time of affordablitiy, when prices and mortgage rates are low. However, this also is the time of frugality, a period of economic uncertainty when numerous people are not as worried about their next pay increase as they are about the next round of layoffs. So today's buyers are far more willing to do without "extras." The question is what to give up: Do you actually need a formal living room? A fifth bedroom would be lovely, but is it necessary? What about that view of a golf course? Several builders rely on surveys that examine soon-to-be buyers about their preferences to help answer these and other question marks. But buyer wannabes have yet to make any of the tough decisions. In a recent study of more than 22,000 owners who purchased their homes within the last nine years, sheds light on where buyers were willing to put their money and may possibly supply significant clues for builders, architects and current buyers. After all, if your predecessoys didn't opt for an outsized backyard patio equipped with a five-burner grill, maybe it's not as necessary as you think. The survey Avid Ratings of Madison, Wisconsin, found that current homeowners planned to be "more practical" the next time around. For example, a community clubhouse is "not a big deal anymore," Avid Chief Executive Paul Cardis said at the recent International Builders' Show in Las Vegas, where he detailed his findings on a panel with design experts. Health clubs that people end up using "maybe five times a year" can be eliminated, as can dog parks and gold courses --even 24-hour security. "no one said a swimming pool is a must, either," said Cardis, who has worked with more than 400 builders in the U.S. and Canada. A kid's park, however, is necessary, as are walking trails. Inside, large kitchens are still a must have, but formal dining rooms are not. Upstairs laundry rooms and home theaters aren't deal breakers either. Other Recent Articles1.) Before agreeing to handle a task from a client: Make sure that you're the most qualified person to deal with it. If a client wants to appoint you for a task beyond your field of knowledge, suggest someone else who could carry out the task better rather than putting your reputation at risk. Who knows, maybe later down the line that same client will call and seek help in your area of expertise. 10 Important Tips to Successful Real Estate InvestingCategory: Real Estate News Published: Monday, July 12, 2010 1. Compare property values and rents: The best way to determine the market vaulue of the property is to find out the selling prices of nearby properties in the community. The same applies to properties for rent. A low cost is regularly justified by a sensible rent; renters who can meet the expense of a higher rent can afford to buy as an alternative, so reasonably priced rent is a must. Studies Say Minorities Hurt More By ForeclosuresCategory: Real Estate News Published: Monday, July 05, 2010 According to a new study, recent African-American and Latino home borrowers were highly more likely to lose their homes to forclosure than those who are non-Hispanic whites throughout the continuing housing crisis, regardless of their income. As their income increased, in fact, minority horrowers foresaw the probability of foreclosure growing even larger in contrast to non-Hispanic white borrowers in the identical income group. Tax Credit Closing and Flood Insurance ExtensionsCategory: Real Estate News Published: Thursday, July 01, 2010 Today the National Association of Realtors praised Congress for the passing of two bills to extend the home buyer tax credit closing deadline and reauthorize the National Flood Insurance Program. Both of the bills cleared the House beforehand and were accepted by the Senate last night. THe bills are now headed to the president for his signature. Credit scoring is very important to the mortgage process. Behind the situation, a battle is rampaging over who can place claim to that process. The Fair Isaac Corp (FICO) was rejected a new trail concerning what it claims to undoubtedly be it's trademark; the act of rating an individual's credit on a scale of 300 to 850. Call Us Today!
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