It’s no secret that the current real estate market is competitive and constantly evolving and changing in response to unprecedented circumstances over the last couple of years. While the purchase or sale of a home has always been among the most intricate and largest financial transactions most people will ever make, the complications that can often arise during the process can be especially challenging in this market.
That’s why, now more than ever, the most important tool you can have for a successful real estate transaction is an experienced and knowledgeable real estate professional. An increasing number of buyers and sellers are trusting real estate professionals to handle their real estate transactions instead of facing the market on their own. Take a look at some of the statistics from the 2021 NATIONAL ASSOCIATION OF REALTORS® (NAR) Profile of Home Buyers and Sellers that show these percentages*:
- 87% of buyers recently purchased their home through a real estate agent or broker
- 90% of home sellers worked with a real estate agent to sell their homes.
- Only 7% of recent home sales were FSBO sales [in 2021]
In this competitive market, working with a real estate professional and taking advantage of their access to cutting-edge sales and marketing tools, along with their in-depth knowledge of the current landscape, will be invaluable to you as you pursue your dreams of homeownership.
If you’re looking to sell, per additional statistics from the NAR, the involvement of a real estate professional can also potentially help increase your final home sale price*:
- FSBO homes sold at a median of $260,000 last year, signiﬁcantly lower than the median of agent-assisted homes at $318,000.
When navigating today’s real estate market, make sure you use all the resources at your disposal to ensure a smooth buying or selling experience, including working with a real estate sales professional. Contact one of our HUNT Real Estate sales professionals today to get started on your homeownership journey!
Copyright ©2022 “Profile of Home Buyers and Sellers.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. https://www.nar.realtor/reports/highlights-from-the-profile-of-home-buyers-and-sellers