The National Association of REALTORS recently released some highlights from their 2014 Profile of Home Buyers and Sellers, with a section devoted to characteristics of home sellers. Did you know: -resized-600.jpg?width=308&height=205&name=mp900442525_(1)-resized-600.jpg)
- 40% of home sellers traded up to a larger sized home, 47% purchased a more expensive home, and 53% purchased a newer home.
- The typical seller lived in their home for 10 years. The median tenure has increased in recent years. In 2007, the typical tenure in home was only 6 years.
- 88% of sellers were assisted by a real estate agent when selling their home.
- Recent sellers typically sold their homes for 97% the listing price, and 45% reported they reduced the initial asking price at least once.
- 17% of recent sellers had to delay or stall selling their home because the value of their home was worth less than their mortgage.
- 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.
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