Seventy-two percent of homeowners say they are satisfied with home ownership, according to a recent survey of more than 1,400 homeowners conducted by HomeGain, a provider of online marketing programs that connect agents and brokers with home buyers and sellers.
Among the 28 percent who said they were dissatisfied, 63 percent cited price depreciation as the main reason for their dissatisfaction.
Other dissatisfied homeowners cited the costs of owning and maintaining a home as major reasons for their dissatisfaction.
HomeGain also assessed satisfaction levels by sales type and found that homeowners who purchased a home through a short sale were the most likely to be pleased with their choice.
Eighty-three percent of short sale purchasers were satisfied homeowners.
Homeowners who purchased foreclosed homes were the group next likely to be satisfied with owning a home. The group reported a 79 percent satisfaction rate.
Existing-home and new home purchasers were least likely to be satisfied, though a majority of these homeowners
were still satisfied. Seventy-one percent of existing home purchasers and 73 percent of new home purchasers said they were satisfied.
Home ownership satisfaction varied somewhat by region with the highest satisfaction rates in the Northeast – 77 percent – and the lowest in the Midwest – 68 percent.
The Southeast and West fell in between at 73 percent and 71 percent, respectively.
When comparing satisfaction among homeowners of different age groups, HomeGain found that satisfaction was greatest among older homeowners and least prevalent among the youngest homeowners.
Homeowners ages 18 to 25 were the only homeowner to report more than a 50 percent dissatisfaction rate.
Fifty-five percent of homeowners ages 18 to 25 were dissatisfied with homeownership, while 24 percent of those 55 and older expressed dissatisfaction with being a homeowner.
The survey also found that home value was inversely related to home ownership satisfaction. Those whose homes are valued at less than $75,000 are 77 percent likely to be satisfied homeowners.
The rate trends steadily down as prices rise, with the highest category in the survey – homes valued at more than $801,000 – bringing in the lowest satisfaction rate – 69 percent.
Sixty-seven percent of dissatisfied homeowners with homes valued more than $801,000 cited price depreciation as a primary source of their discontent.
For those with homes valued less than $75,000, price appreciation was not a major factor in their outlook. Fewer than 40 percent of these homeowners cited price appreciation or depreciation as the primary reason for their position on home ownership.
written by HomeGain.
Tuesday, January 31, 2012
Friday, January 27, 2012
Selling your home and being scarce when buyer is looking.
The location, the time of year, the economy — these are just some of the factors that can impede the sale of a property. One of the biggest impediments to successful sales often is the homeowners themselves — particularly the ones who are trying the most to be helpful.
One of the things that can hinder a sale is when the buyer is looking at the home and the seller is following around with comments on each room. I once had a seller that was talking about the neighbors and how they don't like them.
It's best to not be there when you're selling the home. Buyers like to look at homes freely and not have someone follow them around, even if it's to help explain all the wonderful details and upgrades that have been done.
If you're in a situation where you have to be home, then move around to different rooms as the buyers look. Better yet, if it's possible,just go outside while they are looking. In some cases, that may not be possible, so the best thing to do is just stay put in one area.
Buyers really like to look at homes freely, open cabinets, closets, etc. If a seller is present, they will not be comfortable doing any of those things. Some cases they may not even come back to see the property again when seller is not there. So don't take the chance and be gone if at all possible. As inconvenient as it is, it's the best thing to do.
Remember your home is now a product and the buyer has to check it out thoroughly before putting an offer.
One of the things that can hinder a sale is when the buyer is looking at the home and the seller is following around with comments on each room. I once had a seller that was talking about the neighbors and how they don't like them.
It's best to not be there when you're selling the home. Buyers like to look at homes freely and not have someone follow them around, even if it's to help explain all the wonderful details and upgrades that have been done.
If you're in a situation where you have to be home, then move around to different rooms as the buyers look. Better yet, if it's possible,just go outside while they are looking. In some cases, that may not be possible, so the best thing to do is just stay put in one area.
Buyers really like to look at homes freely, open cabinets, closets, etc. If a seller is present, they will not be comfortable doing any of those things. Some cases they may not even come back to see the property again when seller is not there. So don't take the chance and be gone if at all possible. As inconvenient as it is, it's the best thing to do.
Remember your home is now a product and the buyer has to check it out thoroughly before putting an offer.
Thursday, January 19, 2012
Ten Home winterized MUST
http://www.inman.com/buyers-sellers/columnists/burnettbrothersinmancom/10-home-winterization-musts
Thursday, January 12, 2012
Maryland Schools No. 1 in Nation
http://www.fredericknewspost.com/sections/news/displayUpdate.htm?StoryID=130487
Tuesday, January 10, 2012
Tuesday, January 3, 2012
30 year mortgage falls to the lowest in years
http://www.marketwatch.com/story/30-year-mortgage-falls-to-lowest-level-in-years-2012-01-03
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