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What Sellers Should Know About Home Buyers

CB-for sale 3Spring is in the air and many homeowners are now gearing up to put their home on the market for sale.   If you are a seller who needs to know what buyers think, then this study by the National Association of Realtors is for you.  Here is just a few highlights from that study which provides detailed insight into the home buyer's experience.

Here are highlights from that report.

  • 66% of recent home buyers were married couples--the highest share since 2001.
  • For 42% of home buyers, the first step in the home-buying process was looking online for properties. While fourteen percent of home buyers first looked online for information on the complete home buying process.
  • The use of the Internet in the home search process rose slightly to 92%.
  • The typical home buyer searched for 12 weeks and viewed 10 homes.
  • 88%  of buyers purchased their home through a real estate agent or broker. This share steadily increased from sixty-nine percent in 2001.
  • 88% of sellers were assisted by a real estate agent when selling their home.
  • Two-thirds of home sellers only contacted one agent before selecting the one to assist with their home sale.
  • The share of home sellers who sold their home without the assistance of a real estate agent was 9%. 40% knew the buyer prior to home purchase.

Coldwell Banker Upton-Massamont REALTORS is highly aware of the conditions of the real estate market and look forward helping you navigate through the process.  Give one of our agents a call today?

 

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