Thursday, August 16, 2018

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

Read the latest blog post on the housing market below.
View this email in your browser

Real Estate with Gloria Benaroch

Homebuyers Willing to Sacrifice 'Must-Haves' in Favor of Good School Districts

It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.

What is surprising, however, is that 78% of recent homebuyers sacrificed features from their "must-have" lists in order to find homes within their dream school districts.

The top feature sacrificed was a garage at 19%, followed closely by a large backyard, an updated kitchen, the desired number of bedrooms, and an outdoor living area. The full results are shown in the graph below.

 

Homebuyers Willing to Sacrifice 'Must-Haves' in Favor of Good School Districts | MyKCM

Buyers are attracted to schools with high test scores, accelerated academic programs, art and music programs, diversity, and before and after-school programs.

With a limited number of homes available to buy in today's real estate market, competition is fierce for homes in good school districts. Danielle Hale, Chief Economist for Realtor.com, explained further,

"Most buyers understand that they may not be able to find a home that covers every single item on their wish list, but our survey shows that school districts are an area where many buyers aren't willing to compromise.

For many buyers and not just buyers with children, 'location, location, location,' means 'schools, schools, schools.'" (emphasis added)

Bottom Line

For buyers across the country, the quality of their children's (or future children's) education ranks highest on their must-have lists. Before you start the search for your next home, let's get together to discuss the market conditions in our area.


Gloria Benaroch
Broker Associate
CRS, e-Pro, Real Estate Instructor
Heritage House Sotheby's Int'l Realty
Rumson NJ
732-245-4031
Email Me
Visit My Website
Sotheby's International Realty® and the Sotheby's International Realty Logo are service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Heritage House Sotheby's International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. (o) 732-842-3434
Thinking of buying?

Download my free eGuide covering the things you should consider when buying a home.
Download Now
Check Out More Articles
Just click a category below!

Gloria Benaroch and Keeping Current Matters, Inc. do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein, and will not be liable for any loss or damage caused by your reliance heron. Nothing herein should be construed as investment advice. Consult a professional before making any investment decision.





Copyright © 2018 Heritage House Sotheby's Int'l Realty, All rights reserved.


Mailing Address:
Heritage House Sotheby's Int'l Realty
848 Broad Street
Shrewsbury, NJ 07702

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

Friday, October 27, 2017

Fwd: Jersey Shore Restaurant Week


You are invited to Bay Pointe Inn
for Jersey Shore Restaurant Week!
We are proud to take part in this special Jersey Shore event.

3 Course Complete Lunch $15.17
3 Course Complete Dinner $32.17

*Please note that our restaurant week menu is available only until 7pm on Saturday 11/4 and 11/11.

To view our Restaurant Week Lunch Menu, click here
To view our Restaurant Week Dinner Menu, click here

Lunch is served daily from 12 to 2:30pm 
(closed Mondays)

For Reservations: 732-629-8000

Saturday, October 21, 2017

Fwd: October 21: Doggie Costume Contest at The Green Leaf!


BROUGHT TO YOU BY
Monmouth Health & Life
 

This email was sent by Monmouth Health & Life
110 Summit Avenue, Montvale, NJ 07645
Subscribe | Unsubscribe


Myths vs facts

From the guru of agency, John Reilly: Regarding the Bright Analysis by Lisa Sturtevant, PhD Bright Chief Economist Our analysis shows that t...