July 29, 2022
How Work from Home has Changed Homebuyer Needs
In a blink of an eye our entire world has been altered due to the pandemic.
In an effort to slow down the spread of COVID-19, we have been restricted from going to the movies, gyms, church and even the workspace.
With much of the population working from home many aspects of our lives have changed, many of us no longer have to work inside of a brick and mortar.
Because of that, buyers are opening up their options, since they don’t have to be confined to an area that offers an ideal commute.
Some buyers may find it beneficial to move to parts of the country where the cost of living is much lower than the are in which their employment lies.
Here’s 4 new dynamics that are available for buyers who work from home.
Buyers are Searching with a Wider Area
Since being at the office is no longer a requirement, buyers can expand their search criteria.
Some can essentially live and work in different states. In the past, studies have shown that the most common commute is 30 minutes one-way.
People who work from home can consider living in areas outside of the city or areas of heavy traffic.
Office Space is Now Required...Not Just "Nice To Have"
A buyer that works from home would need an additional area specifically dedicated for a workspace.
If the typical need for the buyer is 3 bedrooms, then they would now require an extra office or bonus area, that can ideally be isolated from common home distractions.
The buyer would also have a search flexibility of looking for a home with additional bedrooms.
Wider At-Home Lifestyle Requirements
If the buyer is married with kids, there must be a consideration of the lifestyle needs of the family while working from home.
There would need to be an additional workspace area for the spouse and/or the children.
Because they're working and living in the same space, the family may also desire additional amenities or features that make their homes more comfortable for relaxing, such as game rooms, swimming pools, exercise areas, or outdoor living spaces.
Long-Term Living for Generational Families
There is no secret that we have a steadily declining inventory and the biggest reason why because homeowners are looking at the purchase of a home more long-term.
Since they are now required to work from home, they can move to any area they would prefer and won't have to worry about relocating if their company undergoes changes or if there is a change in role.
Buyers may be encouraged to search in a higher price point because of the additional amenities they desire and because of the ability to save from the gas spent commuting.
Working Remote is Here to Stay
There’s no telling what I will post COVID world would look like but one thing is for certain: more and more companies are relying on their employees to work remotely.
This adds a lot of flexibility to a home buyer because they are not down to a specific location and their monthly expenses has decreased due to gas mileage savings.
July 20, 2022
What is Due Diligence in North Carolina?
The purpose of the due diligence fee and date is loosely defined as a block of time purchased by the buyer.
December 30, 2021
5 Ways to Make Your Home Offer Stand Out
Being realistic and aggressive will get you the house that most likely took some time to find. If you like the house enough to write an offer, don’t hold back any punches. As long as housing demand trumps housing supply, houses won’t lose value.
December 27, 2021
How To Find A Custom Home Builder Near Me
What usually sets one builder apart from another is the floor plan. Pay attention to the flow of the floorplan.
December 23, 2021
Pros & Cons of Buying a Luxury Home
Consult with a professional who knows how to sell luxury real estate to determine if buying a luxury home is the right decision for your family and lifestyle.
December 23, 2021
Buying a House During a Pandemic
Buying a house in a pandemic is definitely a different experience, but that doesn't mean it can't be a great experience. Many buyers will find their dream homes despite the dynamics of the pandemic.
December 23, 2021
Avoid These 5 Mistakes When Buying Luxury Homes
Owning a luxury home is definitely obtainable, but being aware of the pitfalls is paramount. Avoid these mistakes by hiring a skilled and experienced luxury real estate agent.
December 20, 2021
5 Times When It's Okay To Offer Above List Price
There are several loopholes and angles that could be exercised with using the right agent in situations like these.
November 30, 2021
The New Normal: Houses Available to Buy Reach All Time Lows
Housing inventory has fallen to all-time lows in the United States. The Triangle is not exempt from these effects, let's dive into the reasons why real estate prices are being driven up due to low availability.
November 26, 2021
First-Time Buyer? 10 Things Nobody Tells You
Learn as much as you can about the process before interviewing agents to help you.
October 13, 2021
Understand Due Diligence and Home Inspections
It is up to the skills of both buying agent and listing agent to properly inform their clients so that realistic measures are taken and all of the necessary options are explored objectively.
September 15, 2021
First-Time Home Buyer? Mistakes to Avoid
Be careful, do your homework and surround yourself with individuals who have your best interests at heart. If you follow these steps carefully and correctly, your first home purchase won’t be your last.
June 20, 2021
Are Land Values Increasing In The Triangle?
Developers are rushing in to build in areas like Clayton, Garner, Knightdale, Creedmoor, Wendell, Louisburg, Pittsboro, New Hill, among others.
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