The Home Search Process of 2011

By
Mortgage and Lending with The Jonathan Arnold Team of Inlanta Mortgage
https://activerain.com/droplet/tDX

The Home Search Process of 2011

The one ultimate thing for us all to know is how and what a potential home buyer does to start the home search process.  We all normally assue that the first step is for the curious home buyer to go online but the stats this year have changed slightly just as our other characteristics have.

The Home Search Process of 2011

  • 35% of hoime buyers start their search by looking for properties online
  • 10% of home buyers looked online for information about buying a home
  • Online home searches dipped to 88% from 90% last year (possibly due to the shift in older repeat buyers instead of those first time home buyers)
  • 98% of those who used and Agent noted that they offered useful information
  • The typical home buyer searched of 12 weeks and looked at 12 homes
  • 9 out of 10 buyers were satisfied with the home buying process
  • 89% of buyers purchased with a Real Estate Agent
  • 41% of buyers found their Agent through a referral
  • 9% used an Agent they had used previously
  • Two-thirds of buyers only interviewed one Agent before decideing who to work with
  • 9 out of 10 buyers would use their Agent Again

 

Previous Posts on the 2011 Profile of Home Buyers and Sellers

2011 Profile of Home Buyers and Sellers Introduction

2011 Profile of Home Buyers and Sellers Environment & Characteristics of Home Buyers

Characteristics of Homes Purchased in 2011 Profile of Home Buyers and Sellers

Posted by

 

 
 
  Katrina Cole  

Katrina Cole

Business Development

The Jonathan Arnold Team
   


Inlanta Mortgage, Inc
2029 Celadon Dr NE
Grand Rapids, MI 49525

 
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HOW we do business is WHY people do business with us.

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Topic:
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Rainmaker
1,060,712
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Katrina, thank you for putting together this wonderful summary.

Feb 22, 2012 03:59 AM #1
Rainer
119,944
Katrina Cole
The Jonathan Arnold Team of Inlanta Mortgage - East Grand Rapids, MI
Inlanta Mortgage, Business Development Manager

Sharon you are welcome. Thank you for the comment.  I know how intimidating a 100+page document can be.  I plan to continue to post tidbits as I get through the report.

Feb 22, 2012 04:06 AM #2
Ambassador
428,985
Rich Cederberg
eXp Realty - Albuquerque, NM
eXp Realty Agent Albuquerque

All three of your profile posts were well put together and useful.  Thank you for taking the time to research and post.

Feb 22, 2012 07:58 AM #3
Rainer
119,944
Katrina Cole
The Jonathan Arnold Team of Inlanta Mortgage - East Grand Rapids, MI
Inlanta Mortgage, Business Development Manager

Your welcome Rich.  I think it is important to constantly educate myself and share the knowledge with those around me.  Keep an eye for the rest of my review.

Feb 23, 2012 12:22 AM #4
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Rainer
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Katrina Cole

Inlanta Mortgage, Business Development Manager
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