NAR report: Kids have big say in real estate
Buyers with children put more weight on the neighborhood, local schools, and size of homes when shopping for the right property, according to the “2017 Moving with Kids” report produced by the National Association of REALTORS (NAR).
The neighborhood, in particular, has a big influence on home buyers with children under the age of 18. Forty-nine percent of buyers who have children consider the neighborhood based on the quality of the school district, and 43 percent choose a neighborhood by the convenience to schools, according to the report.
Sellers with kids also have unique needs. One notable need is that they usually have to sell their homes faster. Twenty-six percent of owners with children under the age of 18 sold their home urgently compared to 14 percent of owners with no children at home.