Golden Realty Blog

In June 2009, a bill was passed in the House recognizing the importance of homeownership in the United States, and declaring June to be Homeownership Month. The following is the resolution that was passed, recognizing National Homeownership Month and the importance of homeownership in the United States.

Whereas the month of June is recognized as National Homeownership Month;

Whereas the people of the United States are one of the best-housed populations in the world;

Whereas owning a home is a fundamental part of the American dream and is the largest personal investment many families will ever make;

Whereas homeownership provides economic security for homeowners by aiding them in building wealth over time and strengthens communities through a greater stake among homeowners in local schools, civic organizations, and churches;

Whereas creating affordable homeownership opportunities requires the commitment and cooperation of the private, public, and nonprofit sectors, including the Federal Government and State and local governments;

Whereas homeownership can be sustained through appropriate homeownership education and informed borrowers; and

Whereas affordable homeownership will play a vital role in resolving the crisis in the United States housing market: Now, therefore, be it resolved, That the House of Representatives–

(1) fully supports the goals and ideals of National Homeownership Month;

(2) recognizes the importance of homeownership in building strong communities and families; and

(3) reaffirms the importance of homeownership in the Nation’s economy and its central role in our national economic recovery.

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Here is some information from the National Association of Realtors (NAR), the largest professional association and The Voice for Real Estate.

The 2009 NAR Profile of Home Buyers and Sellers provides research results on the experiences home buyers and sellers had when purchasing or selling their home. The majority of the respondents used a REALTOR® (a member of the NATIONAL ASSOCIATION OF REALTORS®). Here’s what they had to say:

Home Sellers

• Sellers reported that an agent’s reputation was the most important factor in their selection process.

• Nearly three-fifths of sellers report that they would “definitely” use the same real estate agent again.

• The top four home seller expectations of real estate agents are:

1) price my home competitively (22%);

2) find a buyer for my home (21%);

3) sell my home within a specific timeframe (19%);

4) help market my home to a potential buyer (19%).

Home Buyers

• 88% of buyers would probably or definitely use their real estate agent again.

• The benefit most buyers say they receive from their agent is help understanding the process.

• 88% of buyers were very satisfied with their agent’s knowledge of the purchase process.

• 77% of home buyers used a real estate agent and/or broker to complete their transaction.

Why Sellers should use a REALTOR®

REALTORS® provide sellers invaluable services, and there are many reasons to work with one.

A REALTOR®:

• Can give you up-to-date information about the market, prices, financing, terms and conditions of competing properties.

• Will market your property to other real estate agents and to the public.

• Will know when, where and how to best market your property.

• Can help you objectively evaluate every buyer’s proposal without compromising your marketing position.

• Can help close the sale of your home.

Why Buyers should use a REALTOR®

REALTORS® provide critical assistance with the home buying process.

A REALTOR®:

• Has many resources to assist you in your home search.

• Can provide objective information about each property.

• Can help you negotiate.

• Can help you determine your buying power.

• Provides guidance during the evaluation of the property.

• Can guide you through the closing process and make sure everything flows together smoothly.

When buying or selling a home is pays to work with a REALTOR®.