Technology is changing how Americans buy and offer houses in unexpected methods, including how they work with property representatives and brokers. That’s an essential finding of one of the largest surveys of property consumers ever conducted.
According to the study, carried out by the National Association of Realtors, nine out of 10 house buyers use a property agent in the search procedure, however usage of the Internet to search for a home has risen considerably gradually, from only 4 percent of purchasers in 2000 to 85 percent in 2010. The next largest source of information for buyers is a backyard sign, pointed out by 75 percent of purchasers.
The 2010 National Association of Realtors (NAR) Profile of Home Buyers and Sellers, based on more than 5000 actions to a survey, is the latest in a series of surveys examining various qualities of home buyers and sellers.
The study also reveals that it might pay for a seller to count on a real estate agent. The average house cost for sellers who utilize an agent is 16 percent greater than the rate of a home sold directly by an owner.
The Web site Realtor.com was the most popular Internet resource, utilized by 50 percent of purchasers, followed by several listing service (MLS) Web websites, property business websites and property agent Web websites. For Kauai, HI, Kauai Realty is very popular for MLS searching:
Typical purchasers strolled through 9 homes, searched eight weeks to buy a house and moved 12 miles from their previous house. Normal sellers put their house on the market for 4 weeks, had actually lived in it for 6 years, moved 15 miles to their new residence and formerly owned three homes.
The most crucial consideration in picking an agent was credibility, according to 45 percent of house purchasers, followed by an agent’s knowledge of the community, 30 percent. Fifty-seven percent of sellers said reputation was the most important factor.
The National Association of Realtors is America’s biggest trade association, representing more than 1.2 million members associated with all elements of the domestic and business property industries.