For Sellers

The 2008 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:

pspaar_sellersHome Sellers and Their Selling Experience

• Slightly over half of home sellers traded up to a larger and higher priced home and slightly more than one-fifth traded down to a smaller and less expensive home.
• Eighty-four percent of sellers were assisted by a real estate agent when selling their home.
• Recent sellers typically sold their homes for 96 percent of the listing price, and 60 percent reported they reduced the asking price at least once.
• Forty-two percent of sellers offered incentives to attract buyers, most often assistance with closing costs and home warranty policies.

Home Selling and Real Estate Professionals

• Thirty-eight percent of sellers who used a real estate agent found their agents through a referral from friends or family, and 26 percent used the agent they worked with previously to buy or sell a home.
• Ninety percent of sellers reported that their home was listed or advertised on the Internet.
• Among recent sellers who used an agent, 85 percent reported they would definitely (65 percent) or probably (20 percent) use that real estate agent again or recommend the agent to others.

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.

 

Courtesy of NATIONAL ASSOCIATION OF REALTORS®

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