30
Apr 19

What Would Make You Sell Your House?

What Would Make You Sell Your House? | Simplifying The Market

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving.

The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). Relocating for a job was the top reason for those ages 54 to 63 and the second most popular response for those under 53. The chart below shows the breakdown for these two reasons.

What Would Make You Sell Your House? | Simplifying The Market

For homeowners over the age of 64, wanting to be closer to friends and family served as the top motivator to move. Downsizing to a smaller home or moving due to retirement came in as a close second and third.

What Would Make You Sell Your House? | Simplifying The Market

Have you outgrown your current house? Are you a homeowner who can relate to wanting to be closer to family and friends? Is your house becoming a burden to clean now that the kids have moved out?

Bottom Line

Let’s get together to set you on the path to selling your current house and finding the home that fits your needs, today!

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30
Apr 19

BAZAAR Daily Finds: Tuesday


Pair of Mies Van Der Rohe MR10 chairs – $1000 – A pair of vintage MR10 chairs by Mies Van Der Rohe. Mid century modern cantilever chrome legs with aged caramel leather.
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30
Apr 19

This Hidden Section of IKEA Is a Hacker’s Paradise


It’s no secret: We love IKEA in all of its attainable, design-forward glory. But that’s not to say it’s the easiest store to shop.
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30
Apr 19

This NYC Townhouse Had an Underground Tunnel That Led to Ernest Hemingway’s Prohibition Haunt


New York City is filled with mystery. Around every corner and down narrow streets are unexpected twists and secrets waiting to be discovered.
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30
Apr 19

Get Ready for Summer 2019 with IKEA’s Latest Outdoor Finds


It’s about time to perk up your patio—or at least start thinking about what you might want to replace or tweak about your yard or deck.
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30
Apr 19

These Indoor Vining Plants Give Your Home a Jungle Vibe


Aiming to achieve the indoor jungle look? Vining plants are the way to go.
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29
Apr 19

How Quickly Can You Save Your Down Payment?

How Quickly Can You Save Your Down Payment? | Simplifying The Market

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

Using data from HUD, Census and Apartment List, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.

By determining the percentage of income spent renting in each state, and the amount needed for a 10% down payment, we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own.

According to the data, residents in Kansas can save for a down payment the quickest, doing so in just over 1 year (1.12). Below is a map that was created using the data for each state:

How Quickly Can You Save Your Down Payment? | Simplifying The Market

What if you only needed to save 3%?

What if you were able to take advantage of one of Freddie Mac’s or Fannie Mae’s 3%-down programs? Suddenly, saving for a down payment no longer takes 2 to 5 years, but becomes possible in less than a year in most states, as shown on the map below.

How Quickly Can You Save Your Down Payment? | Simplifying The Market

Bottom Line

Whether you have just begun to save for a down payment or have been saving for years, you may be closer to your dream home than you think! Let’s get together to help you evaluate your ability to buy today.

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29
Apr 19

Henry David Thoreau’s “Yellow House” Just Hit the Market for $2.6 Million


Anyone got a few million to lend us?
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29
Apr 19

The 9 Things You Need to Budget for If You Have Kids in School


It’s the one type of expense that creeps up on me every single year.
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29
Apr 19

Tell People How You Really Feel With This “Keep Off” Rug


Let them know what you think right when they walk in.
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