The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

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You owe it to yourself to hire the best listing agent for your home. Here are a few questions you should ask when interviewing listing agents.

  1. Are you a full time Realtor?
  2. Will we be working with you personally or passed off to an assistant?
  3. What updates or changes can we make to increase our sales price?
  4. Do you believe an open house will help sell our home?
  5. Do you work with a home stager and provide furniture for staging?
  6. Will our home be featured on Zillow and Realtor.com?
  7. What is your cancellation policy? 
  8. Do you also work with buyers? 
  9. What day of the week should we list; do you have a marketing strategy?
  10. Do you promise gimmicks like “I’ll buy your home…” that we heard on the radio? 

Want to know our answers?…

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Our real estate market in certain price ranges and areas is still extremely competitive. In a market like ours there are two ways to buy a home. One way gives you the best chance to buy a great home. The other way will be frustrating and leave you picking through only the homes nobody else wants.

 

Joyce Peterson was recently contacted by a buyer who wanted to move his family into a larger home. In his desired neighborhood there are many people who want to buy this type of house. We have seen several other agents post messages in Realtor Facebook groups asking for this exact type of property and we know from open houses we have done in the same neighborhood there is a great demand for larger, newer homes in the neighborhood.

Because this buyer…

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The Magic Of Thinking Big

A friend suggested I read this book a couple months ago. Some of the ideas in the book have helped our business tremendously this year. 

In particular Chapter 5 titled “How to Think and Dream Creatively” has helped us get over a few challenges we have experienced as our business has grown. 

I’ve found if you face any challenge optimistically instead of thinking of the reasons why it can’t be done you’ll have a much better chance of success.

https://www.amazon.com/Magic-Thinking-Big-David-Schwartz/dp/0671646788

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