Page 34 - Training Manual Port City Realty Updated

buyers undertook a home improvement project within 3 months of buying, typically spending $4,550 in improvement projects.
Home Seller Statistics
The typical home seller in 2017 was 55 years of age, had a median household income of $98,800, and lived in their home for 9 years.
91% of sellers were assisted by a real estate agent when selling their home.
Recent sellers typically sold their homes for 99% of the listing price, and 23% reported reducing the asking price at least once.
The typical home sold was on the market for 3 weeks.
39% of sellers who used a real estate agent found their agents through a referral by friends or family, and 24% used the agent they previously worked with to buy or sell a home.
Sellers who definitely would use same agent again: 69%
Source: 2018 National Association of REALTORS® Profile of Home Buyers and Sellers
For Sale By Owner (FSBO) Statistics
FSBOs accounted for 7% of home sales in 2017. The typical FSBO home sold for $200,000 compared to $265,500 for agent-assisted home sales.
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FSBO methods used to market home: Yard sign: 22%
Friends, relatives, or neighbors: 18% Online classified advertisements: 6% Open house: 10%
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Source: 2018 National Association of REALTORS® Profile of Home Buyers and Sellers
For-sale-by-owner websites: 5%
Social networking websites (e.g. Facebook, Twitter, etc.): 12% Multiple Listing Service (MLS) website: 4%
Print newspaper advertisement: 2%
Direct mail (flyers, postcards, etc.): 2%
Video: 1%
None: Did not actively market home: 49%
Most difficult tasks for FSBO sellers:
Getting the right price: 17%
Understanding and performing paperwork: 12%
Selling within the planned length of time: 5%
Preparing/fixing up home for sale: 8%
Having enough time to devote to all aspects of the sale: 3%