| The National Association of Realtors
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| | median listing price. An average home
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| (NAR) conducted a survey to identify the
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| | stayed on the market for 6 weeks before
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| typical profile of homebuyers and home
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| | it was sold.
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| sellers. The most recent findings were
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| | Real estate professionals continue to
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| published in NAR's 2006 Profile of Home
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| | play a major role in successful home
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| Buyers and Sellers report. This article
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| | selling. The percentage of home owners
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| focuses on the profile of a typical home
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| | who used the services of a real estate
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| seller based on the NAR report.
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| | agent or broker to sell their homes was
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| According to the report, the median age
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| | 84%. Of these, 80% sold their homes by
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| of a home seller is 46 years, which is
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| | using an agent or broker exclusively. For
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| older than the typical home buyer's age
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| | Sale By Owner (FSBO's) accounted for 12%
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| of 41 years. Home sellers have a higher
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| | only.
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| income than homebuyers with a median
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| | The major factors that influenced home
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| household income of $83,200 in 2005, as
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| | sellers to choose their real estate
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| compared to $71,800 for homebuyers. Home
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| | agents were - Agent's reputation (35%),
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| sellers being older than the typical home
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| | honesty and trustworthiness (21%), agent
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| buyer are less likely to have children
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| | being a friend or family member (15%) and
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| under 18 living in their home, and are
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| | knowledge of a neighborhood (11%). About
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| more likely to be married-couples.
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| | 44% of sellers chose their agent based on
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| On average, homeowners sold their
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| | referrals from friends or relatives and
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| property after 6 years of ownership.
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| | 30% based on previous experience with an
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| Approximately 13% of homeowners are
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| | agent. Home sellers report great
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| first-time home sellers.
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| | satisfaction with their real estate
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| According to the report, the most common
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| | agent; 82% of them said that they would
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| reasons why homeowners sell their current
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| | use the same agent again or recommend
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| home is the need for a larger home, or to
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| | their agent to others.
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| move closer to friends and family, or to
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| | The Internet continues to be the major
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| relocate. Older home sellers (ages 65 and
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| | marketing tool of home sellers with 88%
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| above) were more likely to sell their
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| | of recent home sellers having listed
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| current homes because they wanted to
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| | their homes in the local multiple listing
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| downsize to a smaller home. Younger home
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| | service (MLS). More than 50% of home
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| sellers (ages 44 and below) were more
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| | sellers used yard signs and open houses.
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| likely to sell their home because they
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| | If you are considering buying or selling
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| wanted larger home.
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| | a home, condo or any other type of real
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| The median sales price was found to be
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| | estate, be sure to seek out the services
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| more or less at par with the listing
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| | of a knowledgeable real estate agent to
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| price. According to the report, the
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| | help you with this complex transaction.
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| median sales price in 2005 was 99% of the
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|
