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Tuesday, August 27, 2013

The Survey Shows: Buyers Will Pay More for Good Schools

Tucson High School
A new national survey shows that over 44% of potential home buyers are willing to go over their house buying budget by up to 10% in order to buy a home in their preferred school district.  One statistic showed that 62% of these prospective home buyers would even give up a swimming pool to be in a better school district. Well, maybe not Tucson home buyers. 

I have a lot of clients, particularly those coming to Tucson for retirement or who are empty nesters, who never even ask about the schools.  For many of these clients, amenities such as mountain views, pools, and proximity to restaurants and the arts are the priority for their new Tucson home.

But those with children, or who are planning a family some day, usually want to make sure the school system in general, and the local schools in particular will be good for their children to attend.   I give them the information in the Arizona Buyer Advisory that allows them to check out the local schools, but also encourage them to talk with the school system directly and consider visiting the local schools their children would attend.

And Sellers too need to be aware that while a prospective buyer may love their home, a bad rating for a school system or individual school may send the buyers scurrying off to another property.  Another reason for all of us, even those without children, to support our local Tucson schools.

More information on Arizona schools and ratings for individual schools can be found at  Arizona Department of Education

And more information on the nation survey of buyers is available at Survey: Buyers Will Pay More for Good Schools

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