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ORLANDO, Fla. – Buying a home, packing and moving into it is already hard enough. When there are children involved, too, it adds a different set of requirements and stresses, according to the 2018 Moving with Kids report from the National Association of Realtors® (NAR).
For families, moving with children often means a lot of planning and research. Finding a home with the appropriate amount of space, in your preferred school district, and convenient to a job or school location are often priorities for buyers with families.
Using information from NAR’s 2018 Profile of Home Buyers and Sellers, the report explores the unique needs of homebuyers and sellers with children under age 18.
“For about 50 percent of all buyers, finding the right property in the right location was the most difficult step in the home search process,” noted Eric Sain, Florida Realtors® 2018 president-elect and 2019 president. “Families realize that having a Realtor with local market expertise and a broad range of resources to guide them through the process makes it a lot easier to find the right place to call home. In fact, the study found that 87 percent of all buyers purchased a home through the help of a real estate professional.”
- The average buyer with children under 18 purchases a 2,100-square-foot home with 4 bedrooms and 2 bathrooms, while the average buyer with no children chooses a 1,750-square-foot home with 3 bedrooms and 2 bathrooms. Both groups prefer a single-family, detached house.
- Unsurprisingly, schools play a critical factor in the purchasing decisions of buyers with children: 50 percent with children say the quality of a neighborhood’s school district is important compared to 11 percent of buyers without children. Convenience and proximity to schools is also a crucial consideration with 45 percent saying it’s an important factor compared to just six percent of buyers without children.
- 27 percent of buyers with children said childcare expenses delayed the process of buying a home. Those expenses also had an impact on the buying process, forcing buyers with children to make compromises on the house they purchased: 30 percent compromised on the size of their home, 29 percent on the price and 22 percent on the condition.
- Buyers with and without children – 87 percent each – relied equally on the help of a real estate agent during the buying process.
- When it comes to selling a home, 24 percent of those with children chose to sell because their house was too small. Only 8 percent of people without children at home sold their house for the same reason.
- When sellers were asked what they want most from their agent, 22 percent of those with children said they wanted their agent to sell their home within a specific timeframe compared to 20 percent of sellers without children. However, sellers both with and without children expect their agents to provide a broad range of services and manage most aspects of their home sale, 80 and 79 percent respectively.
- For sellers with children, urgent is the word that most often describes their selling situation: 26 percent of sellers with children qualified their need to sell as ‘very urgent’ compared to only 14 percent of sellers without children.