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Published byOlivia Merritt Modified over 6 years ago
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Today’s Home Buyers & Sellers Want the Professional Edge
Highlights from The NATIONAL ASSOCIATION OF REALTORS® 2006 Profile of Home Buyers & Sellers
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Collaborate with a Professional
Consumers prefer more traditional methods of buying & selling homes Buyers begin the search process online But it’s the real estate agent who introduces them to the home they buy
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80% of Buyers Use the Internet to Search…
Source: NAR 2006 Profile of Home Buyers and Sellers
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And, Real Estate Agents are the Most Frequent Way They Find “THE Home”
Source: NAR 2006 Profile of Home Buyers and Sellers
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“One customer, well taken care of, could be more valuable than $10,000 worth of advertising.”
Jim Rohn Business Philosopher and Author
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Full-Service is King Most sellers prefer full-service brokerage
But discount brokerage is still an important market segment
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Dear Agent: Please Take Care of Everything! The Seller
Exhibit 7-8 LEVEL OF SERVICE PROVIDED BY THE REAL ESTATE AGENT (Percentage Distribution) Source: NAR 2006 Profile of Home Buyers and Sellers
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Dear Agent: Please Help Me Find the Right House The Buyer
Source: NAR 2006 Profile of Home Buyers and Sellers
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Reputation is a Terrible Thing to Waste
More than a third of sellers say reputation is the most important factor in choosing an agent For buyers, honesty and trustworthiness are tops…then comes reputation
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For Sellers: Reputation Matters Most
Source: NAR 2006 Profile of Home Buyers and Sellers
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For Buyers: Honesty and Trustworthiness Matter Most
Exhibit 4-13 MOST IMPORTANT FACTORS WHEN CHOOSING AN AGENT (Percentage Distribution) Source: NAR 2006 Profile of Home Buyers and Sellers
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“It takes many good deeds to build a good reputation and only one bad deed to lose it.”
Benjamin Franklin
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Fewer Sellers Choose to Go it Alone
For Sale By Owner (FSBO) transactions, down to 12% in 2006 But only 7% were open-market FSBOs
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FSBOs Trending Down Source: NAR 2006 Profile of Home Buyers and Sellers
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and click on the Research Tab Item #
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