Privately owned homes are common among adult Americans, and if a person is not renting their residence, then they probably own it. Buying a house is a complicated and major financial responsibility, and there are real estate agents and firms out there to help clients buy the right home for them at the right price, juggling many factors to find the right purchase. Conversely, a homeowner may eventually decide that the time has come to sell their home, and companies such as We Buy Houses in Huntsville, Alabama and similar cities can help homeowners make a quick sale of their home if the house is slow to sell on the real estate market. Searching online for “We Buy Houses in Huntsville” can help a homeowner sell their house soon and in a reliable manner, and in nearby states, Knoxville home buyers or cash for houses in Knoxville can be a way to cleanly sell a home. How can We Buy Houses in Huntsville and similar services aid a home seller? What statistics are out there to show how homes sell in the United States today?
The American Real Estate Market
We Buy Houses in Huntsville is but one part of the larger real estate market in the modern United States, and this industry is a big one. For example, data from the Nation Association of Realtors revealed that 5.51 million existing homes were sold in the year 2017 alone, and various buyers are out there looking for different models and properties. Who are these home buyers? Many of them are older home buyers, which is the typical image of those on the real estate market, but Baby Boomers and Gen Xers now have a lot of company from younger buyers. Despite general trends of Millennials (those born 1982-1995) renting their residences or living with their parents, more and more buyers in their 20s and early 30s are looking for real estate to buy. Many of them make up the population of first-time home buyers, and statistics are being kept to track their numbers and spending habits. For example, in the year 2017, younger, first-time home buyers bought 2.07 million properties, which represents a 7% boost from the previous year. Overall, nearly 32% of those looking to buy a house are first-time buyers, and by the year 2017, Millennials represented about 33% of the home-buying population. But for a house to be bought, someone has to be offering it for sale. How can that be done?
We Buy Houses
Companies such as We Buy Houses in Huntsville and similar urban areas can help home buyers if they need it. A homeowner who is having trouble selling their residence can contact a company that will consider buying it off them. When a homeowner reaches out to such a company, that business will send a representative who will look over that residence and estimate its value, then offer a buying price. Should the homeowner accept, they can make a quick and easy sale for cash, and the homeowner can then move on to a new residence as they wish, and they are no longer burdened with the home that they do not want.
What makes a house more valuable? Many factors are being juggled, one of which is the neighborhood and the location itself. If features such as shopping malls, parks, and schools are close by, this can make the properties in a neighborhood more attractive to buyers, and this means that they may sell faster and for a higher price compared to homes in less desirable neighborhoods. On the house’s own merits, serious maintenance issues such as a leaking roof, damaged drywall, rotting wood or termite damage, drafty windows, torn-up carpet, leaking pipes, and more can lower its value and appeal on the market. Conversely, a home in good repair can sell better, and even if it does not sell soon, a home buyer company can offer a solid price for it (this may vary). Landscaping can also be a factor. A property may be worth much more of it features trees, shrubs, a swimming pool, a wooden deck, an attractive fence, or a sunroom, and home buyer companies will probably factor this into the prices that they offer to homeowner clients.