Selling a house can seem daunting. Not only do you have to get your home ready for viewings, you also have to worry about getting a good price and selling it within a timeframe that works for you. Add in all the little details and possibly shopping for a new place at the same time and you have a recipe for stress. One recent survey shows just how much. According to the results, 36 percent of recent home sellers said they cried during the process and, among them, 20 percent cried more than once. Overall, younger sellers were more likely to say they cried – which makes sense since they’re also more likely to be going through it for the first time. But, whatever the case, the evidence is clear. Selling a house can be a stressful experience. It doesn’t have to be, though. Having a good team of experienced professionals to guide you through the process is key. As is listing at the right time, having appealing photographs to post online, and staying flexible and ready for anything. It can be overwhelming, but with a good team and appropriate expectations, it will be far more manageable. More here.
Archive for July 2019
Renters Spend More Of Their Income On Housing
Whether to rent or buy is a common debate for Americans looking for a new place to live. The arguments are well known. Renters say it’s cheaper, if only because there are no upfront expenses like a down payment or closing costs. Homeowners, on the other hand, will point to the long-term financial benefits of owning a home, including equity and wealth creation. Ultimately, what you choose will be determined by factors specific to your life, goals, and finances. But, according to a new survey from Freddie Mac, on one key issue, homeownership is clearly winning the debate. The survey results found that “34 percent of renters spend more than one-third of their income on rent, while only 25 percent of homeowners spend that much on their mortgage.” In other words, though renters often view renting as the more affordable option, they are also spending a larger percentage of their monthly income on housing. Additionally, the survey found that 62 percent of renters said they’ve had to make spending or housing changes to be able to afford their monthly payment, compared to just under half of homeowners. More here.
