{"id":469,"date":"2020-02-04T20:50:28","date_gmt":"2020-02-04T20:50:28","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=469"},"modified":"2020-02-04T20:50:31","modified_gmt":"2020-02-04T20:50:31","slug":"how-to-avoid-a-gender-gap-when-investing-in-the-housing-market","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/how-to-avoid-a-gender-gap-when-investing-in-the-housing-market\/","title":{"rendered":"How to Avoid a Gender Gap When Investing in the Housing Market"},"content":{"rendered":"\n
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When buying a home, we all want to feel like we\u2019re making the right decision, paying a fair price<\/a>, and making the best investment<\/a> of our lives. According to a recent gender-based study, men and women can unknowingly walk away with very different financial outcomes when the deal closes. Thankfully, if you follow some simple ways to arm yourself with the information you need to prepare in advance, you\u2019re more likely to feel like you\u2019ve won when the keys to your new house are in your pocket.<\/p>\n\n\n\n

Kelly Shue and Paul Goldsmith-Pinkham of the Yale School of Management<\/em> showed in their recent study The Gender Gap in Housing Returns<\/em><\/a>, when single women invest in the housing market, they\u2019re generally losing out compared to their male counterparts. The report explains,<\/p>\n\n\n\n

\u201cWe find that single men earn one percentage point higher unlevered returns per year on housing investment relative to single women\u2026The gender gap grows significantly larger after adjusting for mortgage borrowing: men earn 6 percentage points higher levered returns per year relative to women. Data on repeat sales reveal that women buy the same property for approximately 2% more and sell for 2% less.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

On National Public Radio <\/em>(NPR), Kelly Shue elaborated by saying<\/a>,<\/p>\n\n\n\n

\u201cWomen are losing about $1,370 per year relative to men because they tend to buy the same house at a higher price and sell for a lower price.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

In the grand scheme of things, $1,370 a year could be as much as an entire month\u2019s mortgage payment for many households in the United States.<\/p>\n\n\n\n

How can you make sure this doesn\u2019t happen to you?<\/strong><\/h4>\n\n\n\n

The good news is, it doesn\u2019t have to be this way for anyone, regardless of gender. Here are a few tips on how to make sure you\u2019re prepped and ready to enter the housing market with your best foot forward.<\/p>\n\n\n\n

1. Work with a Trusted Real Estate Professional<\/strong><\/p>\n\n\n\n

You need someone on your side<\/a> who\u2019s going to have your best interest in mind and support your unique homeownership goals. Hiring an agent who has a finger on the pulse of the market will make your buying experience an educated one. You need someone who\u2019s going to tell you the truth, not just what they think you want to hear.<\/p>\n\n\n\n

2. Understand the Homebuying Process<\/strong><\/p>\n\n\n\n

Know the key homebuying steps<\/a> in advance, so you have the best context for how the process<\/a> works from pre-approval to budgeting, inspections, and more. Have a price range in mind that you can realistically afford, too, so you\u2019re ready to make an offer<\/a> that positions you for success. Ask your agent questions along the way, and partner together so you feel confident and prepared at every turn.<\/p>\n\n\n\n

3. Research the Current Market<\/strong><\/p>\n\n\n\n

Make sure you know the current trends and insights of the housing market as well. When you find a home that\u2019s the perfect fit, determine what other homes are selling for in the neighborhood. These numbers can vary over time based on market conditions<\/a> such as inventory, appreciation, and many other economic factors. A great agent will provide you with this information and guide you through every step from start to finish.<\/p>\n\n\n\n

Bottom Line<\/strong><\/h3>\n\n\n\n

When you have a trusted advisor on your side and you\u2019re confident you know exactly what\u2019s happening in the market, you\u2019ll be in a great position to negotiate effectively. Let\u2019s get together today to make sure you\u2019re ready to win the homebuying deal.
<\/p>\n\n\n\n

Contact us:
PHP Houses<\/a>
142 W Lakeview Ave
Unit 1030
Lake Mary, FL 32746
Ph: (407) 519-0719
Fax: (407) 205-1951
email: info@phphouses.com<\/a><\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

When buying a home, we all want to feel like we\u2019re making the right decision, paying a fair price, and making the best investment of our lives. According to a recent gender-based study, men and women can unknowingly walk away with very different financial outcomes when the deal closes. Thankfully, if you follow some simple ways to arm… Finish Reading How to Avoid a Gender Gap When Investing in the Housing Market<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[38,18,98,27,91,51,52,25,9,49,42,99,64,63,20,48,13,54,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/469"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=469"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/469\/revisions"}],"predecessor-version":[{"id":471,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/469\/revisions\/471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media\/470"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}