www.fgks.org   »   [go: up one dir, main page]

 
 
 
 
 
11°C
 
 
 

 
 
 
 
 
 
 

Homes

Powered by
 

New era of real estate on the Internet

 

 
 
 
 
Among the 43 per cent of buyers who reported using Internet resources for agent selection, the most important resources were the website of the real estate firm the agent represented, a real estate website such as MLS.ca, and a search engine such as Google.
 

Among the 43 per cent of buyers who reported using Internet resources for agent selection, the most important resources were the website of the real estate firm the agent represented, a real estate website such as MLS.ca, and a search engine such as Google.

Photograph by: Thinkstock, Postmedia News

What would real estate do without the Internet?

If I had asked that question a few years ago, the reply would have been, "Inter-what?" But these days, the real estate agent who hasn't latched onto the possibilities offered by the World Wide Web is rare.

A recent survey commissioned by Prudential Fox & Roach supports the overwhelming importance of the Internet -to home buyers especially.

Results of the survey, conducted by the Reed Organization and based on 284 responses to questionnaires emailed to several thousand Philadelphia-area buyers and sellers, show that the Internet plays an oversized role.

That starts with choosing an agent, according to the survey results.

Among the 43 per cent of buyers who reported using Internet resources for agent selection, the most important resources were the website of the real estate firm the agent represented, a real estate website such as MLS.ca, and a search engine such as Google.

Thirty-five per cent said they used recommendations found on social-media sites such as Facebook, LinkedIn, YouTube or Twitter.

Nearly 42 per cent said they first saw the house they eventually purchased online.

Only 14 per cent of home sellers mentioned an Internet search as the resource used to begin selling a home.

Among the 40 per cent of sellers using the Internet in selecting an agent, the three most popular resources were broker's websites, a real estate website, and an Internet search engine.

Almost two-thirds of home buyers said they used other resources, beyond their agents, to identify potential homes, with five of the top six resources being on the Internet, including a real estate website (63 per cent), the website of the agent's real estate firm (54 per cent), and a search engine (39 per cent).

Riding through a neighbourhood continues to be an important source of information for a home search (54 per cent), but other studies have shown that the Internet is used to reduce the number of houses a prospective buyer will physically visit.

Real estate websites were the most widely used Internet resources among the home buyers responding, used by 63 per cent of them.

Google (90 per cent) dominated among search engines cited by survey respondents. Yahoo was second (25 per cent), followed by Bing (10 per cent).

Just eight per cent of the home buyers responding to the survey used newspaper websites in their searches, making those a distant fourth among possible Internet resources.

Fewer than one in 20 home buyers responding used social-media sites in their home searches. Facebook was the dominant site identified, mentioned by 69 per cent.

Internet use by buyers was extensive, and it was used for a wide variety of activities associated with the process of searching for and buying a house. Eighty per cent of the buyers responding to the survey reported frequent or occasional use of the Internet.

The highest frequency of use -frequently and occasionally, according to the survey respondents -was reported this way: search for homes (99 per cent); look at pictures of a property (98 per cent); get pricing or other information (95 per cent).

And, the home buyers reported, they were likely to check with multiple broker websites, not just the site of the broker who represented them.

 
 
 
 
 
 
 
Among the 43 per cent of buyers who reported using Internet resources for agent selection, the most important resources were the website of the real estate firm the agent represented, a real estate website such as MLS.ca, and a search engine such as Google.
 

Among the 43 per cent of buyers who reported using Internet resources for agent selection, the most important resources were the website of the real estate firm the agent represented, a real estate website such as MLS.ca, and a search engine such as Google.

Photograph by: Thinkstock, Postmedia News

 
 
 
 
 
 

More Stories

 
 
 
 
 
 
 
Follow us on Twitter!