Sometimes you need to know the cold hard facts about Real Estate like fixed-rate mortgages, flood insurance and Fannie Mae, but sometimes you just want the fun facts.
Scroll on down for some interesting real estate facts to liven up your day.
- Home is where the heart (and equity) is: 61.4% of the average American family’s net worth is in home equity.
- A homeowner’s net worth is over thirty times greater than that of a renter.
- The best day of the week to list your home is Friday. TGIF!
- Historically, the best month of the year to sell is April. Often sellers fare better in the ‘off months’ of summer and winter.
- Odds are you’re going to need some help selling: Homeowners have a 120% better chance of selling their home when using REALTOR®.
- In 2013, NAR reports that the median age of first-time buyers was 31. On average these buyers purchased a 1,670 square-foot home costing $170,000.
- The typical repeat buyer was 52 years old. On average these buyers purchased a 2,060-square foot home costing $240,000.
- According to a NAR Community Preference Survey, 78% of respondents said that the neighborhood is more important to them than the size of the home.
- 57% said they’d give up a home with a larger yard if they could have a shorter commute. ( Luckily, in Mammoth, you get ’em both)
- NAR reports that 80% of home buyers believe their home is a good investment, 44 percent saying it’s better than stocks.
- Buyers searched a median of 12 weeks and visited 10 homes. ( Seems shorter on both fronts at Mammoth Realty Team)
- 90% of home buyers who used the Internet to search for a home purchased through a real estate agent.
- 90% of buyers financed their purchase.
- In Scotland, homeowners paint their front door red when they pay off their mortgage.
- And finally, don’t be so quick to change your brass 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
There you have it, folks. See, Real Estate can be fun.