The National Association of Realtors® recently released the results of their Buyer & Seller Profile Survey that was conducted in 2008. As agents, we like to know where buyers are shopping for homes (RESOURCE). It is also important to know how the buyers first learned about the home they actually bought (SOURCE).
No surprise, the Internet is growing in magnitude for its importance in the home search process at 87%. However, Realtors® are THE leading originator for the home the buyer actually purchased (34%). The Internet came in a close second at 32%. Here is a chart showing the NAR Survey’s findings. The yellow bars shows the various resources buyers used when they were in the exploratory stage. The dark brown bars show the source where the buyer FIRST learned about the home they actually bought.
You might be surprised that the Internet isn’t higher than Realtor® as a source for the home actually bought. What might be happening is that although buyers do so much web surfing for homes, those homes may no longer be on the market. That’s a major flaw to many of the web sites. Realtors® have access to the MLS which does show whether the home is an active listing or not. Therefore, it’s not surprising that the buyer’s Realtor® will continue to be a main source for ACCURATE info on homes.
The data also indicates why Realtors® no longer place ads in newspapers and why the home magazines have become thinner. Those media sell the agent, but don’t sell the home. The print quality of newspapers is so poor that it doesn’t compare well with the crisp photos on the Internet. The lead time on magazines is so long that the home may no longer be available. Although open houses are still conducted, they also are diminishing in favor due to security concerns and the known fact that they seldom sell the home held open.
If you are a home buyer, how do your habits compare to this National data?
Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.


Over 80% of the home buyers start their home search on various Internet sites. Sellers select their Realtor® based on how many Internet sites the agent displays the home. Conscientious agents make sure the home is featured in the best way possible by making sure the photos are as best as they can be. Now what happens when the most basic of information about the home is WRONG or MISSING?








Are You Looking Forward to 2010?
No surprise that many people are looking forward to putting the past decade behind us and getting on with the next one. The past decade has been dubbed the “Decade From Hell“. IMO, it was similar to “The 60′s” in being a game-changer. The main difference is that the changes in the 60′s were far more visible as they were occurring. During the past 10 years, the changes were more subtle and perhaps only apparent when we look in the rear view mirror.
The 60′s
I’ve heard it said that America lost its innocence during the 60′s.
If I were to summarize what I remember most, it was the public display (protests) of people willing to stand up for their beliefs and risk/suffer physical harm as a result. It should be no surprise that those same anti-establishment people were at the Tea Party protests last summer. They may be 40 years older but equally willing to take a stand for their beliefs. The generations since have lacked that passion.
The 00′s
I’m going to go out on a limb here and say that if America lost its innocence in the 60′s, then the last decade is the one where we lost America. America went global thanks to the Internet, Google and Walmart.
Unlike the tumultous 60′s, the changes above were quiet changes. Just like our freeway driving, we’ve merged. In the 60′s, we had head-on crashes. Are we more civilized now than in the 60′s … or more tolerant … or less passionate. I’m not sure which it is.
The Twenty-Teens
Actually, I’m looking forward to 2010. I survived the 60′s and I survived the OO’s, so I say BRING IT ON! I once worked for a great General Manager who said, “if it doesn’t move the business forward – don’t do it!” While that is a great time management platitude, it can work in real life, too. If we’re not happy with our real lives, we shouldn’t be afraid to make a change to correct it. Only we can be responsible for our attitudes and only we can control our destiny. Other people can affect us only if we allow them to have that influence.
I hope you have a great 2010!
Copyright © 2009. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.
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Posted in Commentary, Internet, Media, Television
Tagged Life in the 2000's decade, Life in The 60's decade