SANTA CLARA, CA— With life returning to normal as the COVID-19 pandemic  declines, prospective  property buyers have  established a  particular set of priorities when it comes to the  items and  style  functions they want in their next house.

That is the  crucial conclusion of a new national  study  performed by Realtor.com. The  current online poll  included more than 1,200 adults over the age of 18 who  prepare to  buy a home within the next 12 months, according to Realtor.com, which is  run by  openly traded News Corp under a license from the National Association of Realtors.

“ The COVID pandemic  introduced a new  method of thinking about what sofa with chaise‘ house‘  suggests,  which is  affecting much of what today‘s home  consumers are looking for,“  stated George Ratiu, senior economist for Realtor.com, which reported that the desire for additional space was the  leading reason driving home shoppers‘ decisions to  acquire a  brand-new home in the coming year. Survey  reactions also  show  purchasers are looking for more flexibility in their home  area and  price in exchange for a  much shorter commute, the  brand-new  truths of a post-COVID world, Ratiu said.

“ Garages,  big backyards and  area for  animals  constantly rank  high up on  purchasers‘ wish lists, but those  functions  have actually grown in  value,“ he  stated. “The pandemic has elevated our relationship with family,  along with the need for our  house to serve  numerous purposes, especially the  capability to work remotely. As a result, we‘re placing a premium on the  requirement to accommodate extended family, and features like a  office and broadband  web.“

When asked which home  functions have become a priority as a result of the pandemic, a  peaceful location (28%), an  upgraded  cooking area (25%) and garage and  big backyard (24% each) topped the list. Outdoor living area (20%),  area for  family pets (18%),  upgraded  restrooms (19%), home office and broadband  web  abilities (17% each) and open  layout (16%)  completed the top 10 pandemic-induced most  wanted home  functions (see graph, left).

Sixty-five percent of respondents  showed that they are  thinking about extended sectional sofa with chaise loungefamily when they  buy a  house, with  almost a quarter  mentioning that they are  preparing to  purchase near family members, Realtor.com reported. One-fifth of those surveyed said they will have extended family  coping with them full time, while 30% said their new home would need to accommodate extended family staying with them part time or visiting.

 Reducing in importance from prior  studies was the need for a short shop home office furniturecommute time and a  house with  smaller sized square footage. For example,  just 9% of those polled indicated a short commute time was a  top priority, and  just 4% said they are  searching for smaller square  video footage. This was  below 11% and 8%, respectively, prior to the pandemic.

How to Apply For an IVA

If you are wondering how to apply for an IVA, you may be wondering what the process entails. Before applying for an IVA, it is important to know what it involves. An IP will help you set up a plan and negotiate with your creditors to get your debts under control. The IP will work with you to determine the monthly payment you can realistically afford. This payment must be low enough to keep you from falling into a financial hardship. Your IP will then speak with your creditors to arrange a meeting to discuss your case. Your creditors will either meet in person, by phone, or even via video conference.

When you start to apply for IVA, you need to have some proof to back up your claims. The more documents you can provide, the better, because this will help the IP calculate the most affordable monthly payments and fees for your plan. Make sure that you are truthful when providing this documentation, because if it is inaccurate, it will hurt your application, and could lead to you paying more than you can afford. Your IP will need to see some of your recent bank statements and other documents to verify your income. If you have a mortgage or rent agreement, you should have this as well.

Your creditors will have the opportunity to approve or reject your application. For an IVA to be approved, you need to have seventy-five percent of your creditors vote in favor of it. Once 75% of the creditors have approved the application, the IVA will start. At this point, your creditors will be notified that all outstanding debt will be frozen. During this time, you will be expected to make regular monthly payments. You will also have to pay an IVA fee, which will be disclosed to your creditors.