This news comes at a great time as we approach August and Back to School! In the current housing market, homebuyers are facing competition, multiple bids, low housing inventory, and rising mortgage rates— but a new survey reports homebuyers are willing to compromise their bidding price if the Eastern Panhandle real estate is located near a good school system.
Think of your home wish list when you began looking to purchase a home in West Virginia. Chances are you wanted a property located near your work, with a short commute time, located near great shopping, community locales like parks, and probably situated in a great school district. According to this new real estate survey, Jefferson County and Berkeley County homebuyers are willing to pay more for a home depending on its proximity to good schools.
"More than 44 percent of home buyers who plan to buy a home within the next two years said they would be willing to go over their budget by up to 10 percent in order to buy in their preferred school boundaries," according to a new survey by Realtor.com®.
In fact, 3 out of 5 homebuyers surveyed said one of the greatest influences on their purchasing decision were school boundaries. The survey found "nearly 9 percent of buyers indicated that they’d be willing to pay 11 to 20 percent above their budget to get a home in a desirable school district." In addition, the survey reported around 17 percent of buyers said they want to live within a mile of a school so their children can walk there.
Schools are so important to homebuyers in the current real estate market that many are willing to trade amentities and features for location. Close to 62 percent of homebuyers said they would give up a spa or pool, 50 percent would give up distance to shopping, and nearly 44 percent said they would give up an extra room.
Are good schools a priority in your West Virginia home search? If you're planning a move to Charles Town, Harpers Ferry, Martinsburg, Inwood, Falling Waters, Ranson, Sheperdstown, or Hedgesville, let the Kable Team help you meet your criteria for homes for sale located near great schools.
The Kable Team
Kable Team Realty
Check Out Our Website
See Homes for Sale in Eastern Panhandle
Learn About The Kable Team
Find us on Facebook
Follow us on Twitter
Connect With us on LinkedIn