Mov­ing with kids a spe­cial chal­lenge

Home - Santa Fe Real Estate Guide - - NEWSFROMSFAR YOURMONEY’SWORTH - PACO ARGUELLO

Most peo­ple can re­late to the com­pli­ca­tions and com­plex­i­ties in­volved with mov­ing. Whether you’re re­lo­cat­ing to a re­cently pur­chased town­home, con­do­minium, or a new home, re­mem­ber that re­set­tling takes time, ef­fort, and plan­ning. Mov­ing with kids re­quires even more 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.

Ac­cord­ing to the Na­tional As­so­ci­a­tion of Real­tors Pro­file on Home Buy­ers and Sell­ers, eight in 10 home buy­ers worked with an agent to pur­chase a home in 2015. Agent use is even higher among buy­ers ages 36 to 50 (87 per­cent) and 35 and younger (89 per­cent)— the demo- graph­ics most likely to have school-aged chil­dren.

Fifty-three per­cent of fam­i­lies with chil­dren un­der the age of 18 re­ported that the hard­est task in the home-search process was find­ing the right prop­erty in the right lo­ca­tion. Fam­i­lies find them­selves need­ing a real-es­tate pro­fes­sional with a wealth of lo­cal mar­ket knowl­edge, hands-on at­ten­tion, and a broad range of re­sources to help find the right home.

Fam­i­lies with chil­dren un­der the age of 18 of­ten­times have a greater ur­gency to sell their home, too. Twenty-four per­cent of sell­ers had to sell their home ur­gently while 46 per­cent had to sell their home in a some­what ur­gent or rea­son­able time­frame. This is mainly due to a fast-mov­ing mar­ket and the fact that most fam­i­lies pre­fer to get set­tled in be­fore the new school sea­son starts.

In many cases, fam­i­lies are look­ing to move be­cause their home is too small. Twenty-nine per­cent of fam­i­lies with chil­dren un­der the age of 18 cited up­siz­ing as the main rea­son for sell­ing. Neigh­bor­hood choice is another fac­tor: 50 per­cent of fam­i­lies cited the qual­ity of the school district as a rea­son for buy­ing their home, and 43 per­cent de­cided upon their home be­cause of its con­ve­nience to schools.

The type of home pur­chased by fam­i­lies tends to dif­fer from those with­out kids at home as well. The typ­i­cal home of fam­i­lies with chil­dren un­der the age of 18 is a 2,100-square-foot, de­tached, sin­gle-fam­ily house with four bed­rooms and two full bath­rooms.

In cit­ing the char­ac­ter­is­tics of fam­i­lies with chil­dren who are buy­ing or sell­ing a home, it is no sur­prise that buy­ers find them­selves in need of a real-es­tate pro­fes­sional to help with the buy­ing and sell­ing process.

Rubel “Paco” Arguello is a Santa Fe na­tive and chief ex­ec­u­tive of the Santa Fe As­so­ci­a­tion of Real­tors.

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