Daily Real Estate News | Tuesday, November 01, 2016
Families moving with children can face a lot of complications and time pressures during a real estate transaction.
Fifty-three percent of families with children under the age of 18 report that the most difficult task in the home search process is finding the right property in the right location, according to the National Association of REALTORS®’ Home Buyers and Sellers survey. Many families need to factor in the quality of schools and activity offerings for their children as well as finding a home with suitable space and in proximity to their job too.
Families with children under the age of 18 often times have a great urgency to sell. Twenty-four percent of sellers had to sell their home quickly while 46 percent had to sell their home in a somewhat urgent or reasonable timeframe. Many families want to get settled in before the new school season begins, notes Tim Beary, Arlington Board of REALTORS® president, in a recent column for the Dallas-Fort Worth’s Star-Telegram.
What’s more, many families are searching for more space. Twenty-nine percent of families with children under the age of 18 say their main reason for moving is to find a larger home. Finding a good neighborhood is another important factor. Fifty percent of families cited the quality of the school district as a reason for buying their home, and 43 percent decided upon their home because of its convenience to schools.
The typical home of families with children under the age of 18 is a 2,100-square-foot, four-bedroom, two-full bathroom single-family home.
Learn some ways you can help parents with kids in the process: 16 Ways to Get Kids on Your Side
Source: “Moving With Kids: Families Rely on REALTORS®,” Star-Telegram (Oct. 30, 2016)
“Copyright National Association of REALTORS®. Reprinted with permission.”