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Descriptions of the average buyer, seller, and agent in real estate. How do YOU stack up?
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Profiles of the main players in real estate.
Average Description:
Average Buyer Age: 42 - First Time Offender: 31 - Repeat Offenders: 52
Most are Married
92% Research Homes on Internet
88% Used an Accomplice (Real Estate Professional)
88% Will Finance Home
Will plan an average of 12 weeks and visit 10 homes before purchase.
38%are
first time buyers
42%start process online
2/3interviewed one agent before
finding a fit
88%would
recommend their agent
Average Description:
Last spotted in their previous home for 9 years
Almost half seek larger home
Over half seek newer home
Typically receive 97% of listing price
88%used an
accomplice (real estate agent or broker)
47%reduced asking price at least once
2/3interviewed one agent before
finding a fit
85%listed on MLS
Average Description:
Typical Realtor is a 57 year old white female who attended college.
13% are guilty of not owning their primary residence
Believed to be in possession of 13 years of experience
Median earnings of $43,500 per year. Spends $4,900 on business expenses.
Closes an average of 12 transactions a year.
70% have had a website for 5+ years12% maintain
a blog56% are on
social media
40 hour work week
avg.
21% of business is repeat clients
21% of business is referrals
17%use an
accomplice aka
personal assistant
77%say real estate is their only occupation
6%of agents
began their working
career in the industry
HouseHunt Presents
CASE CLOSED
STARRING REAL ESTATE AGENTS, HOME SELLERS, AND INTRODUCTING FIRST TIME BUYERS“THE USUAL SUSPECTS: PROFILES OF THE MAIN PLAYERS IN REAL ESTATE”
DATA COLLECTED FROM NATIONAL ASSOCIATION OF REALTORS 2013 ANNUAL REPORTPRODUCED BY HOUSEHUNT.COM DISTRIBUTED BY BLOG.HOUSEHUNTNETWORK.COM