According to the 2013 Profile of Home Buyers and Sellers published by the National Association of REALTORS:
- Almost half of home sellers traded up to a larger size and higher priced
home and 59% purchased a newer home. - The typical seller lived in their home for nine years. The median tenure has increased in recent years. In 2007, the typical tenure in home was only six years.
- Recent sellers typically sold their homes for 97% of the listing price, and 47% reported they reduced the asking price at least once.
- 36% of sellers offered incentives to attract buyers, most often assistance with home warranty policies and closing costs.
If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.
Are you interested in hot real estate topics, tips and trends?
Click below to subscribe to our blog!
