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Finance > Real EstateHome Buyers And Sellers Are Going Online
Posted by nick_niesen in Finance on November 8th cheap air max clearance , 2010


Technology is changing how Americans buy and sell homes in unexpected ways, including how they work with real estate agents and brokers. That's a key finding of one of the largest surveys of real estate consumers ever conducted.


According to the study, conducted by the National Association of Realtors, nine out of 10 home buyers use a real estate agent in the search process, but use of the Internet to search for a home has risen dramatically over time, from only 2 percent of buyers in 1995 to 77 percent in 2005. The next largest source of information for buyers is a yard sign, mentioned by 71 percent of buyers.


The 2005 National Association of Realtors (NAR) Profile of Home Buyers and Sellers, based on more than 7,800 responses to a questionnaire, is the latest in a series of surveys evaluating various characteristics of home buyers and sellers.


NAR President Thomas M. Stevens from Vienna, Va., said the findings underscore the complexity of the home-buying process. "Buyers who use the Internet in searching for a home are more likely to use a real estate agent than non-Internet users, and consumers rely on professionals to provide context, negotiate the transaction and help with the paperwork," said Stevens.


The study also shows that it may pay for a seller to rely on a real estate agent. The median home price for sellers who use an agent is 16 percent higher than the price of a home sold directly by an owner.


The Web site Realtor was the most popular Internet resource, used by 54 percent of buyers, followed by multiple listing service (MLS) Web sites, real estate company sites and real estate agent Web sites.


Typical buyers walked through nine properties, searched eight weeks to buy a home and moved 12 miles from their previous residence. Typical sellers placed their home on the market for four weeks, had lived in it for six years, moved 15 miles to their new residence and previously owned three homes.


The most important factor in choosing an agent was reputation, according to 41 percent of home buyers, followed by an agent's knowledge of the neighborhood, 24 percent. Fifty-seven percent of sellers said reputation was the most important factor.


The National Association of Realtors is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.


Websites really are revealing to this like it is the road level,Centimeter stated Brad Inman involved with Inman News reports, a significant real-estate news flash crowd. Inman claimed real-estate posting developed during the Salty district, became predominant inside New York and also has at this time spread across the nation.


Such as, web page cards may perhaps promote weak spots located at new trends and also constructions want covering leaking or possibly heat inadequacies and tawdry needlework and also upkeep. They could advise customers faraway from dishonest and or incompetent substances and or pricey contemporary property. They’re able to enable clients realize a fabulous local community can not be safe, make fish an vicinity surges just about every spring and coil, or that will jets aviate straightaway over head whenever the to the west wind flow strikes.


It isn’t all of the negative. “Comments regarding our content frequently look at the way awesome a new locality is certainly or simply encourage agents or maybe property managers,In suggested Mike Dobkin, publisher this contains internet sites taking care of 15 or more cities or streets.