Tuesday, May 18, 2004

Home buyers using internet to find houses!

The National Association of Realtors (NAR) reports that 71% of home buyers used online resources to search for homes during 2003. This percentage is up from 41% in 2001.

This is no surprise to us. We have seen a huge growth in the number of buyers (and sellers, for that matter) who have been "surfing the net" for homes before even talking with a realtor. Buyers are able to search for homes online when it is convenient (many times after hours, when real estate companies would not be open anyway). In addition, buyers can search for homes without having to commit to a real estate agent, or to an area. It allows buyers to be more informed, and to have more knowledge.

In addition to information about properties, a buyer is also able to learn more about the communities, schools, recreation, transportation and other important factors they may need in their home buying decision. Buyers can even read many local newspapers online to get a "feel" for the community they are considering.

This information and knowledge will help buyers to make an informed real estate decision. As a buyer, you will find that the internet can be a valuable tool.

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