You don't want to feel rushed when choosing a home to buy. It's a big decision and one you will be living with for years to come. So it's best to take your time and only make an offer when you find a house that is really right for you. So how long does the usual home buyer search for a home? Well according to the National Association of Realtors, the length of the median home search has gotten longer over the past 30 years. In fact, buyers in 1987 searched a median of 7 weeks before buying a home. In recent years that has risen to as much as 12 weeks- though it has held steady at 10 weeks since 2014.
Because they are the two markets Americans are most likely to invest in, the stock market and housing market are often compared. Analysts and economists will break down the numbers in an effort to decipher which is the better long-term bet for your bottom line. Most recently, David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, took a look at the past several years and compared home price increases and the stock market rebound. “Since the last recession ended in June 2009, the stock market as measured by the S&P 500 rose 136 percent to the end of August while home prices are up 23 percent,” Blitzer said. “However, home prices did not reach bottom until February 2012, almost three years later. Using the 2012
Or if I decide to sell, how long will it take to sell it?
There are 3 factors that determine the resale performance of a home: Price, Location and Condition.
"Pricing your home right, and offering something that no other homes in your price range are not, this increases your marketability. Don’t base your price on the homes that are currently active, base it on homes that have actually sold in the last 3-6 months. These are actual numbers that Realtors can work with, and can get the actual listing price based on amenities that you have or don’t have compared to those that sold." (Kimberly Perez)
Obviously today's market presents challenges. That's why you need a full service personal consultant that is looking out for you through each step