Deciding to move is a big decision, especially if that move involves a brand new home and a brand new town. If you are moving to Yakima and wondering “what should I know?” At Hayden Homes, we understand that moving can be stressful, so we want to with you our favorite things about Yakima. Plus, when you work with us, we make the home-buying process exciting and fun, and provide peace of mind along the way. If you’re thinking about moving into a brand new home, our new homes for sale in Yakima should be at the top of your consideration list.
- Our Hayden Homes commitment to quality;
- Our warranty;
- Our charitable work – you can feel good about working with us;
- Our homes – you can count on energy-efficient homes outfitted with the best technology; and
- Our home-buying process – we make home buying easy with great financing options.
If you are thinking about selling your home in the Pacific Northwest, you should learn when the best or the worst time to list your home, in order to sell as quickly as possible and upgrade to a new home. According to a recent article in MarketWatch, listing your home at the wrong time could mean difficulty selling, and it could also mean that you are not taking advantage of the recent research on homebuyer trends. The article discusses a new study conducted by Zillow which argues that the best time to put your home on the market is the two-week period from May 1 through May 15. What else do you need to know about listing homes for sale and getting your property sold?
Listing Your Home During the First Half of May Could Mean a Quicker Sale and Higher Profit
According to the Zillow study, homeowners who list their properties for sale during the first two weeks of May this year are likely to see a couple of major benefits: these properties “sell on average two weeks faster and for $2,400 more.” In other words, timing impacts the time it takes to sell the home, as well as the profit on your investment. The Zillow study reached these calculations by analyzing home-buying trends in the 24 largest real estate markets in the country.
Why is Early May the Prime Time to List Your Home for Sale?
First, consider a first-time purchaser who wants to buy a property that is ready for move-in. As the study highlights, by May, many of those buyers may be in a position where they have already submitted multiple unsuccessful bids and want to move quickly on a property. In such situations, those potential buyers may be most likely to put in a high offer during the first two weeks of May and, in fact, may ultimately spend more than they wanted to as they engage in competition and/or rush to finish the deal before the summer begins.
Listing Over the Weekend for the Best Premiums and Fastest Sales
Many of these potential home buyers we mentioned above are eager to move on a property. Moreover, they want to move in before summer when kids are on vacation from school and moving prices climb. While a lot of people search for homes on websites like Zillow everyday, sellers should also think carefully about the day that is best to list the property. In addition to planning for a listing in early May, you may sell your home even faster and for a higher premium if you list over the weekend. More potential buyers are searching for homes on the weekends, and they are visiting more properties and open houses.
What happens if you fail to list your home during an ideal period and on a weekend? In short, you may learn that it will take longer for your home to sell and you may end up settling for less than your asking price. Online listings get 50 percent (or more) of all views during the first week the properties are on the market, and more than 75 percent of sellers who fail to find buyers within the first month of the property being on the market will end up taking an offer below the initial list price for the home.
Learn More About New Homes for Sale and How a New Home Builder Can Help
By listing your home for sale between May 1 and May 15, you increase your chances of selling your home quickly and for the highest price. If you are able to make enough money on the sale of your home, you may be able to afford your dream home. To learn more about buying your first home or working with a new home builder to move into a brand new – never been lived in – home, contact us today. We build new construction communities in Oregon, Idaho, Washington!
Potential homebuyers today are looking for a number of features in newly constructed homes, and energy efficiency is one of the most important. In fact, energy efficiency is so important that a Consumer Housing Trends Report conducted by Zillow shows that close to one in two buyers list energy efficiency as a desired home characteristic. What’s more, another study coming out of the U.K. found that homeowners in both the U.S. and the U.K. will pay more for a home that’s “smart,” which includes features like smart thermostats and solar panels, both of which save money through energy efficiency and help to protect the earth.
What Energy Efficient Features Are Most Important?
Some energy efficient house features are more important than others, with data showing that homebuyers are willing to shell out more cash for top-of-the-line energy-efficient technology and features such as:
- Brand new energy-efficient appliances. A new home wouldn’t be complete without brand new appliances, and brand new appliances these days are designed to reduce the amount of energy necessary to operate them. Energy Star-certified appliances are a must in new homes. Every Hayden Home comes standard with Energy Star rated GE® appliances, including; a dishwasher, microwave and range.
- Lighting and windows. Homebuyers are also looking for two other important, yet underrated, energy-efficient features: energy-efficient windows and LED lighting. LEDs can save hundreds of dollars, and last up to 20 years! We highly recommend you make the switch to LED’s if you’re able. High quality, energy-efficient windows are those that have a low-e rating and high U-factor. Each Hayden Home is built with Cascade® Energy Efficient white vinyl thermal pane windows.
- Smart thermostats. Smart Thermostats seem to be all the rage these days. This is a thermostat that is not only programmable, but will also learn about homeowners’ habits and preferences, adjust the temperature on its own, and can be controlled remotely. This is something that a large percentage of homeowners are beginning to put in their homes and is an easy thing to add to a one’s home to improve a home’s energy efficiency.
- Solar panels. Solar panels aren’t possible in all areas, but when they are, they’re popular. Solar panels offer homeowners huge energy savings, and significantly reduce costs related to things like heating and use of appliances and energy.
Why is energy efficiency important? Smarter/Energy Efficient homes aren’t just cool; they can also save homeowners hundreds of dollars in costs each year. In addition to cost savings and increased value, living in an energy-efficient home can also be more comfortable. As a note, the U.K. study cited above found that in addition to energy-efficient features, “smart” features like USB connections, super-fast broadband, and smart security systems were also things that homeowners were willing to pay more for. Those most likely to pay for smarter and energy-efficient feature are young people, although people across all generations have started to realize the benefits. Learn more about the Hayden Homes commitment to quality and energy efficient features HERE.
Hayden Homes Has You Covered
Our homebuilders know that homebuyers are looking for quality features and energy efficiency when looking for homes for sale in Washington, Oregon, and Idaho. Whether you’re buying your first home or are a homebuyer who’s looking to upgrade, we have dream homes throughout the Northwest that offer energy efficient features. Contact us today to learn more about our new homes for sale in Hayden Homes communities throughout the northwest.
A study titled “Consumer Housing Trends Report 2017” published by Zillow Group explored the ways that those living in America think about where they live, including how and where they buy and rent. We wanted to provide a summary of some of that data, focusing on what’s drawing homebuyers to new homes. Three of the biggest factors that influence new home buying include location, appealing features, and income.
First, a look into what we know about homeowners in America, including things like their reported ethnicity, marital status, income level, and more.
The Zillow report explains that the majority of homeowners are Caucasian (76 percent) and married (68 percent). The median income for the average homeowner is just over $62,000 a year.
Most homeowners purchase a new home as an investment, and some even view their home as a “reflection of who they are personally.” Nearly 90 percent of homeowners say that they have no plans to sell their home within the next three years. What’s more, nearly 50 percent live in the first home that they purchased.
As a note, the demographics of current homeowners and homebuyers are different. The report explains that the average homebuyer in America today is young and educated, and that the annual household income amongst homebuyers has increased to over $87,000.
Things that Draw Homebuyers to New, Never-Before-Lived-In Homes
So, we know that homeowners want to invest in a home as part of their financial plan, and want to live in their home, but why do some people choose brand new homes over older homes?
When looking at homebuyers’ wants and needs, we’ve found some key takeaways. Some of the key wants and needs of homebuyers today include:
- Air conditioning (which was rated as being more important than a yard or patio)
- Ample parking
- Great bathrooms (58 percent say that the preferred number of bathrooms is a requirement)
- Appealing kitchens (preferred finishes for countertops, flooring, etc.)
- Energy efficient appliances
Location is one of the most important features in a home for a potential buyer, with things like proximity to work, friends and family, and a preferred school district making a big difference. As stated above, safety – which is dependent upon location – is also a big priority. Whether or not public transportation is in place is key, too, with almost 50 percent of buyers saying that proximity to public transportation matters to them.
A huge thing to note is that over half of homebuyers are considering new construction homes as opposed to older, already existing homes. 43 percent say that this is because of the desirable location of new construction homes, and 39 percent say that appealing features (like custom finishes and energy efficient appliances) make them want a new home. Those who make more money are more likely to buy a brand new home, with 65 percent of buyers who make over $100,000 per year considering brand new homes.
New Homes for Sale in the Northwest
If you’re looking for your dream home in the Pacific Northwest, we’re building attractive, friendly communities in Idaho, Washington, and Oregon. We have homes for sale you’ll love, and want to be your homebuilder of choice. If you’re buying your first home or looking for a new place to live, we can help. Contact us today to learn more.
The demand for brand new homes in the United States is strong, and is getting stronger. To be sure, builder sentiment, which is measured by the National Association of Home Builders’ survey, is considered positive when the results are 50 points or above – the index currently sits at 68 points, signifying that homebuilders’ confidence has risen. The demand for brand new homes in the United States is strong, and is getting stronger. To be sure, builder sentiment, which is measured by the National Association of Home Builders’ survey, is considered positive when the results are 50 points or above – the index currently sits at 68 points, signifying that homebuilders’ confidence has risen.
Factors that Are Driving Homebuilder Sentiment and Housing Demand
One of the factors that may be positively affecting homebuilder confidence has to do with deregulations – and promises of deregulation – thanks to the current Administration. CNBC reports that builders experienced a major win in terms of regulations dealing with building and obtaining water permits, and that builders are looking forward to the future.
Of course, another thing that is driving homebuilder confidence is the fact that there is rising demand in the new-home market. The new demand in the new-home market – with a large increase in individuals and families desiring never-before-lived-in-abodes – is likely thanks to the strong job market and current economic state (GDP growth), the fact that mortgage rates continue to remain low, and the fact that confidence is growing amongst homebuyers.
Here are some of the reasons that the demand for brand new homes is currently on the rise, and why now may be the ideal time for you to start building, too:
- Mortgage interest rates are low. Buying a home when interest rates are high means that over time, you will end up paying more back on your loan than you would have had you bought when interest rates were low. For a 30-year fixed loan, Bankrate.com reports that the interest rate for September is just 3.95 percent, a dip from July 2017 when the rate was 4.13 percent.
- Home prices are reasonable. Another reason to think about buying brand new today is that prices, while not at the lowest they have ever been, are very reasonable. However, home prices are currently on the rise, so if you’re thinking about buying new, doing so now before prices surge out of your reach is recommended.
- Buying a home is a smart investment. Of all of the types of investments out there, buying a home is one of the best you can pursue, and one of the least risky. Investing in real estate is one of the very best ways that you can ensure your financial future. Furthermore, you already know that investing takes time – houses (and other investment types) don’t increase in value overnight. If you wait too long, you may look back to now and regret that you didn’t act when you had the opportunity to.
Other factors you should consider include the costs of renting vs. owning, your current budget, where you want to live and demand in that area, your debt-to-income ratio, how much cash you have available for a down payment (and how this may affect your interest rate), and your credit score (which will also have an effect on your interest rate).
Turning Your Dreams Into Reality With Hayden Homes
Nothing beats buying and living in a brand new home that you can call your own. With homebuilder confidence and new home demand rising, now may be the perfect time to buy the home of your dreams. At Hayden Homes, we help buyers find their dream homes in Oregon, Washington, and Idaho, and our new homes are ready to move into today! To learn more about buying one of our high quality, affordable homes, contact us to find out how we can help. We look forward to working with you.
Whether you are a homeowner thinking about selling, or a prospective buyer on the market, knowing what’s in store for the housing market over the course of the year can help you make smart financial decisions. Based on opinions published in Forbes and BankRate.com, here’s some information about what the experts are saying about the housing market in 2017.
Housing Prices Expected to Increase
The good news for those who are thinking about selling their home this year is this: 2017 may be the year to get the most bang for your buck. That’s because home prices are predicted to continue rising steadily through 2017, with a 3.2 percent increase in median home value expected.
Getting a Loan Might Be Easier
Remember the pre-housing crisis of 2008? Prior to this, getting a loan on a home was easy – even if you had bad credit you were much more likely to be approved compared to today. Since the crisis, banks have cleaned up the way they do things (thanks to the Dodd-Frank Act, signed by former President Obama in 2010), and getting a mortgage requires proving financial stability. But because President Trump has vowed to roll back regulations under the act as much as possible, banks may have more leniency when it comes to when, and to whom, they give out loans. This means that getting a loan could be easier in 2017.
Competition Will Grow
If you are set on buying a home in 2017, you may want to put in an offer on the first great house you come across without delay. That’s because competition for homes is supposed to be even more heated in 2017 than it was in 2016. In fact, since data started being collected in 2009, 2016 was the fastest year ever in terms of how quickly homes listed for sale sold – the average home was only on the market for 52 days. In 2017, things are supposed to move even quicker.
Potential for First Time Buyers
Even though competition is growing and prices are increasing, there’s a lot of potential for first time home buyers in 2017. Many buyers who have been thinking about buying for a long time may be pushed off the fence due to fears about home prices rising any more, questions about political uncertainty and policy changes. However, given the low unemployment rate, steady job market, and favorable interest rates in 2017, it’s a good year to buy your first home! Many of these first-time homebuyers will be millennials, who are beginning to dominate the home-buying and rental markets.
Let Hayden Homes Help You
If you’re thinking about buying a new home, our team at Hayden Homes wants to help you make the right decision for you at whatever stage in life. We make homebuying easy by offering a wide variety of beautiful, smartly designed new homes. We’re confident we have the new home you’re looking for, with the latest and greatest in technology, energy efficiency and, of course, financing options with credit approval. To learn more about what you can afford and where our new homes are located, in Oregon, Washington and Idaho, get in touch with us today!