“WOW, I DIDN’T KNOW THAT!” REAL ESTATE FACTS
Of course, we felt obliged to join in on the fun by offering, “Pahrusals”—comments from Pahroo Real Estate and Consultancy that you can peruse for more info and insights.
A. TGIF—Friday isn’t just the best day in the world; it’s the best day to list your home for sale. Pahrusal: The Wall Street Journal reported that sellers who listed their homes for sale on a Friday ended up with 99.1 percent of their original asking price, on average. Talk about TGIF.
B. Your Home Houses Your Net Worth—On average, 61% of your equity is tied upin the worth of your home. Pahrusal: According to the NAR (National Association of Realtors), three out of four homeowners say their home is their biggest source of wealth. The NAR points to this as a reason to become a real estate land baron, or at least a home owner in America. “Your home is not just a place to live, it can represent your financial future,” says the NAR.
C. Buy Don’t Rent—A homeowner’s net worth is over thirty times greater than that of renters, sources reveal.
D. Why April is Awesome—Stats indicate that he best month of the year to sell is April, though rumors and at least one source have it that the winter months favor more lucrative deals for sellers.Pahrusal: Nothing like the real estate “Spring Market” to get sales blossoming.
E. Youth TRUMPS All—The NAR reports that the median age of first-time buyers in 2013 was 31.
Pahrusal: That’s pretty young to be turning into a real estate mogul like Donald Trump, but don’t fire us for saying that. F. Not in Chicago They Don’t—The average buyer noted above purchased a 1,670 square-foot home costing $170,000
Pahrusal: $170,000?! Apparently those are people buying property on Mars, not i Chicago.
G. Repeat Buyers Move UP— Nationally, the typical repeat buyer is 52 years old. On average, these buyers purchase a 2,060-square foot home costing $240,000.
H. Neighborhoods Count—As indicated in the the NAR Community Preference Survey, (http://bit.ly/1y3rTss), 78% of buyers state that the neighborhood is more important to them than the size of the home.
I. Strangeness in Loch Ness Land—In Scotland, homeowners paint their front door red when they pay off their mortgage. Pahrusal: In Chicago, people paint the town red when they pay off their mortgage and it’s not always water-based paint.
J. Imagine the Brass: Here’s a fascinating fact: it may not be a good idea to change your brass doorknobs 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. Pahrusal: That fact is nothing to sneeze at!
K. Real Realtor Value—90% of home buyers who used the Internet to search for a home purchased through a real estate agent.
L. Peruse this Pahroo Stat: 1000% of buyers or sellers appreciate dealing with Pahroo Real Estate Appraisal & Consultancy for home or commercial valuation—(or at least that’s how we evaluate it). And, by the way, we are 50,000% grateful for our wonderful clients.
The Wall Street Journal
The National Association of Realtors http://www.NAR.com
Blurb at End
In today's turbulent real estate markets, property owners, property investors, financial planners, lenders and portfolio and asset managers turn to Michael Hobbs & PahRoo Appraisal & Consultancy for prompt, trustworthy guidance and keen valuation insight into real estate appraisal, both commercial and residential, estate appraisal, real estate valuation, and business consulting designed to create transformational growth and success. Appraise our ability to meet and exceed your needs at www.pahroo.com
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