ElEctrical
“Parents are choosing the home they will raise their kids in, the schools their sons and daughters will attend and the
neighborhood where they will play and make friends. Realtors help buyers navigate every emotional and financial factor
to ensure families find their dream home.” – Elizabeth Mendenhall, NAR President
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10 West Hawaii Real Estate | September 14, 2018
Realtors help families navigate back-to-school home shopping
Buying and moving into
a new home is already a
complicated process, but
moving with children adds
an entirely different set of requirements
and stresses. The National
Association of Realtors’ 2018 Moving
with Kids report explores the unique
needs of homebuyers and sellers with
children under 18.
“Buying a house is rarely just a
financial transaction, especially when
children are involved,” said NAR President
Elizabeth Mendenhall, a sixthgeneration
Realtor from Columbia,
Missouri and CEO of RE/MAX Boone
Realty. “Parents are choosing the home
they will raise their kids in, the schools
their sons and daughters will attend
and the neighborhood where they will
play and make friends. Realtors help
buyers navigate every emotional and
financial factor to ensure families find
their dream home.”
When choosing a home, buyers
with children tend to purchase
larger homes than their childfree
counterparts. The average buyer
with children under 18 purchases a
2,100-square-foot home with four
bedrooms and two bathrooms, while
the average buyer with no children
chooses a 1,750-square-foot home
with three bedrooms and two bathrooms.
Both groups prefer a singlefamily,
detached house.
Unsurprisingly, schools play a critical
factor in the purchasing decisions
of buyers with children. Fifty percent
of buyers 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 to buyers
with children, with 45 percent saying
it is important factor. Just six percent
of buyers without children agreed.
More than a quarter of all buyers
with children, 27 percent, said childcare
expenses delayed the process of
buying a home. Those expenses also
have an impact on the buying process,
forcing buyers with children to
make compromises on the house they
purchase. Thirty percent of these buyers
compromised on the size of their
home, 29 percent compromised on
the price of the home and 22 percent
on the condition of the home.
Buyers with and without children
equally relied on the help of an agent
during the home buying process, with
87 percent of all buyers purchasing
their home through a real estate agent.
When it comes to
selling a home, 24
percent of those with
children choose to sell
because their house is
too small. Only 8 percent
of people without
children at home sold
their house for the
same reason. This is
further demonstrated
when sellers were
asked what they want most from their
agent. Sellers with children want their
agents to sell their home within a specific
timeframe (22 percent), more so
than sellers without children (20 percent).
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 urgently’ and
needed to sell their home as quickly
as possible. Compare that to only 14
percent of sellers without children.
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