Characteristics of a Home Seller
September 11, 2018
Age Distribution of Sellers
34 and less 14%
35-55 42%
56 and over 44%
Sellers Use of Property
Primary Residence 68%
Vacation Home 8%
Investment 19%
Other 4%
Don’t Know 1%
Seventeen percent of Sellers offered incentives with the purchase of their property. Of those 2% was for remodeling, 9% was a home warranty, 6% was assistance with the buyers closing costs, and 83% offered no incentive at all.
The average number of offers that a Seller received on their most recent sales transaction was 2.5, indicating a sellers’ market.
When did the Seller vacate their property?
After closing doing a leaseback with the buyer 10%
Between contract acceptable and closing 55%
Between listing and contract acceptance 4%
Within one month before listing 8%
2-3 months before listing 3%
3-6 months before listing 4%
More than 6 months before listing 6%
Don’t know 1%
Source: National Assoc. of Realtors, Confidence Index Survey
