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McWilliams Buckley
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Real Estate Professionals - 239-466-9411 - www.McwilliamsBuckley.com
Real Estate Professionals - 239-466-9411 - www.McwilliamsBuckley.com

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Drink your morning cup of coffee and enjoy the picturesque views- Fiddlesticks Country Club- a private golfing community with two championship golf courses.
http://www.mcwilliamsbuckley.com/Featured_Properties&menuaction=detail&mcity=Featured_Properties&maction=2&sort=DESC&page=4&id=216062703

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What does a ‘typical’ Fla. buyer, seller look like?

 ORLANDO, Fla. – Jan. 15, 2015 – What does a 'typical' Fla. home buyer or seller look like?

 While a single description doesn't apply to every buyer and seller, the latest Florida 2014 Profile of Home Buyers and Sellers, compiled by the National Association of Realtors® (NAR) research staff and released by Florida Realtors provides some insights.

 Florida 2014 highlights

 Home buyer characteristics
 24 percent of home buyers were first-time buyers in Florida, compared to a national level of 33 percent
 14 percent of buyers purchased a multi-generational home because older children moved back, to save money or to take care of aging parents
 The typical buyer was 54-years-old; the typical first-time buyer was 33; and the typical repeat buyer was 59
 67 percent of buyers were married

 Characteristics of homes purchased
 New home purchases continue to drag at a share of 18 percent
 81 percent of buyers purchased a detached single-family home
 21 percent of buyers over the age of 50 bought a home in senior-related housing

 The home search process
 40 percent of home buyers nationally started their home search online; 12 percent relied on the Internet for information about the process
 91 percent of Florida buyers used the Internet in some way during the home search process, but only 12 percent used a mobile device – noticeably less than the 50 percent nationally who used a mobile device
 97 percent of Florida buyers view real estate agents as a source of useful information
 The typical home buyer searched for 10 weeks and viewed 10 homes
 87 percent of Florida buyers were at least somewhat satisfied with the process

 Home buying and real estate professionals
 85 percent of buyers purchased their home through a real estate agent or broker
 35 percent of buyers found their agent through a referral from a friend or family member; 10 percent used an agent they had used before
 54 percent of recent Florida buyers only interviewed one agent before choosing representation
 89 percent of buyers would use their agent again or recommend them to others

 Financing the home purchase
 77 percent of Florida buyers financed their home purchase – less than the 88 percent who did so nationally
 25 percent of buyers said the mortgage application and approval process was somewhat more difficult than expected; 24 percent said it was much more difficult than expected
 In Florida, 82 percent of buyers believe their home is a good financial investment

 Home sellers and the selling experience
 The typical seller lived in their home for 11 years
 87 percent of sellers were assisted by a real estate agent
 In Florida, sellers typically sold their homes for 97 percent of the listing price, though 50 percent reduced their asking price at least once
 15 percent of sellers had to delay their home sale because the value of their home was worth less than their mortgage
 29 percent of sellers offered incentives to attract buyers – most often assistance with home warranty policies and closing costs

 Home selling and real estate professionals
 35 percent of Florida sellers using a real estate agent relied on a referral from friends or family; 21 percent used an agent they worked with previously
 65 percent of home sellers only contacted one agent before selecting one
 92 percent of sellers reported that their home was listed or advertised on a multiple listing (MLS) website
 Among sellers who used an agent, 81 percent said they would definitely (68 percent) or probably (13 percent) use that real estate agent again or recommend him or her to others

 For-Sale-by-Owner (FSBO) sellers
 12 percent of Florida home sellers sold their home without the assistance of a real estate agent. Of those sellers, 33 percent already knew the buyer
 8 percent of Florida FSBO sellers who did not already know the buyer sold after the buyer contacted them
 50 percent of Florida FSBO sellers said they went the independent route because they did not want to pay a fee or commission

 The complete Florida 2014 Profile of Home Buyers and Sellers can be downloaded from Florida Realtors website.
© 2015 Florida Realtors® #florida #realestate #homebuyer #homeseller
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