Help Homeowners Keep Their 2010 Resolutions

By
Education & Training with Corcoran Consulting & Coaching

resolutions

A recent survey put homeownership as the Number10 on the list of 10 Hottest Resolutions for 2010.  The interest that Americans have in this is backed up by a Move.com survey that inquired about real estate resolutions people have for the year.

The Move.com resolutions go like this.

1.   Start a home improvement project (37.7%)

2.   Start saving money so you can purchase a new home (15.4%)

3.   Fix my credit so I can buy a home next year (9.1%)

4.   Become a first time home buyer (7.2%)

5.   Refinance my mortgage or modify my loan (6.8%)

6.   Learn more about local real estate condition in my community (5.5%)

7.   Sell my home next year (5.2%)

8.   Buy investment property (5%)

9.   Talk to a lender about what I can afford for a new home (3.2%)

10. Purchase a home to live in myself next year (2.2%)

The list of resolutions above exceeds 100% so some people may be double counted, but the list is good news for real estate agents.  Some of those who will do home improvement projects are doing so to prepare to move from existing homes, though only 5% committed to having plans to sell the home next year. Some 31% talked of buying a home, even if they were only in the stage of fixing their credit or starting to say money. More than 5% are checking our local real estate conditions. Many may be waiting to see what happens with housing, though some may hope to take advantage of the home buyer's tax credit.

Whether all this interest translates into purchases in 2010 has yet to be seen but real estate agents have their work cut out for them in working with potential buyers and sellers.

How you will respond to this challenge? Will you help homeowners carry out their resolutions?

Comments (3)

Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Bob-

Those don't seem like great numbers on a Move.com survey.  It sounds like a lot of indecision, but maybe that's due to a large extent to the nature of buyers on internet sites, where the proportion of "lookers" seems to be larger.

Sara in San Antonio

Jan 01, 2010 12:25 PM
An Marshall
Berkshire Hathaway - St. Augustine - Saint Augustine, FL
Your St Augustine Real Estate Consultant

I may use some of this information for my homebuyer webinar marketing material.  Thanks.

Jan 01, 2010 12:42 PM
Bob Corcoran
Corcoran Consulting & Coaching - Swansea, IL

Thanks for your replies, Sara & Ann. What I found interesting about this story is how many people are thinking about real estate and contemplating action.  Survey responses aren't signed contracts but where there's interest, we have good reception when we do our jobs!

 

Jan 02, 2010 12:09 PM