Sunday, July 22, 2007

REAL ESTATE TRENDS

According to a National Association of Realtors economist, 12% of homes sold for more than the listing price.

Nineteen percent of sellers said that the primary reason for selling their home was because it was too small, while 13% said the neighborhood was less desirable and 10% decided to move so they could be closer to their job. The typical home seller owned their home six years.

Twelve percent of sellers said they sold their home without a real-estate agent, down from 13% a year ago and 20% -- the report's recorded high -- in 1987. Of those who sold their home on their own in this year's survey, 40% said they sold the property to someone they already knew.
Of those who did use an agent, 73% used a full-service agent, 8% used a discount broker and 7% used a minimum-service agent who may have done as little as list the home on the Multiple Listing Service, the survey found.

So it looks as if the complications of selling and buying a home make the full-time professional realtor more and more valuable to sellers as well as buyers. If you need help, call a professional realtor at Tyler Texas Real Estate!

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