So…for no other reason than
it’s just kind of interesting, here are fifteen fun Real Estate facts to liven
up your Friday.
is where the heart (and equity) is: 61.4% of the average American family’s net
worth is in home equity.
homeowner’s net worth is over thirty times greater than that of a renter.
The best day of the week to list your home is Friday.
the best month of the year to sell is April. Although we would dispute that
–maybe it’s the most common month, but often sellers fare better in the
‘off months’ of summer and winter.
are you’re going to need some help selling: Homeowners have a 120% better
chance of selling their home when using REALTOR®.
2013, NAR reports that the median age of first-time buyers was 31. On average
these buyers purchased a 1,670 square-foot home costing $170,000 (guess they
don’t live around here!).
typical repeat buyer was 52 years old. On average these buyers purchased a
2,060-square foot home costing $240,000.
to a NAR Community Preference Survey, 78% of respondents said that the
neighborhood is more important to them than the size of the home.
said they’d give up a home with a larger yard if they could have a shorter
commute. (Commuting is one of Arlington’s
most attractive features to buyers)
reports that 80% of home buyers believe their home is a good investment, 44
percent saying it’s better than stocks.
searched a median of 12 weeks and visited 10 homes. If you live in Greater
Boston, you know this is a much lower number on both fronts.
of home buyers who used the Internet to search for a home purchased through a
real estate agent.
of buyers financed their purchase.
homeowners paint their front door red when they pay off their mortgage.
finally, don’t be so quick to change your brass to brushed nickel! Brass
doorknobs disinfect themselves. It’s called the oligodynamic effect: the ions
in the metal have a toxic effect on spores, fungi, viruses, and other germs