Leslie Appleton Young (Chief Economist and VP of The California Associaton of Realtors) posted an analysis on rismedia that I found very exciting.
In her words "If You Currently believe the Internet is the #1 factor to Real-Estate" YOU ARE RIGHT!!!
The statistics below are trends since 2000. "If Your Not On The Internet You Will Not Be Found"
- 94% of Internet buyers found their agent on a website
- 63% Found them on an Internet Search
- 0% of Internet buyers found their agent through brochures, flyer's, yard signs or mailers.
- In 2000, 28% of people said they used the Internet as a part of their home search.
- 2006, 70% said they did.
- 86% of home buyers started on the Internet before they even started looking for their specific home.
- 14% Of People Did after they started looking.
- That means 100% of Internet Buyers surveyed looking at homes first, agents second.
- 81% of Internet buyers stay with the first agent they contact.
- Internet Buyers spend an average of 4.8 weeks doing research before contacting an agent, a traditional buyer spends 1.7 weeks.
- Internet Buyers bought on average of 2.2 weeks looking for a home with an agent, traditional buyer was 7.1 weeks.
-Internet Buyers previewed an average of 6.7 homes with their agent, Traditional Buyers 15.4.
- 69% of Buyers said response was very important. 83% chose email as their favored communication. 0% of them chose in person.
- Internet Buyers were more satisfied with their agent by 4.3, Traditional 3.3.
- 97% of Internet Buyers said they would use their agent again, Traditional 50%.
- 70% of people over 65 years of age read the paper; However only 35% of 24 year olds do. According to the report "PRINT IS DEAD".
I found this to be extremely positive news. I focus alot via Internet and I just wanted to share this information so hopefully it will help you as well.
