Buying a home is one of the most important decisions that you will ever make. It is going to be the most expensive purchase that most people are going to make. As a result, you want to make sure that you are making the correct purchase for both you and your family. Since the advent of high speed internet, more and more people are turning to the internet in order to find the home of their dreams. In fact, there have been some noticeable shifts in the real estate industry since the advent of broadband internet, which have not gone unnoticed.
More and more people are turning to the internet in order to find their first or their next home. In the year 2000, only 28% of potential home buyers began their search by looking on the internet. However, today nearly 98% of home buyers spend at least some time online looking for the right home before going to see it in person. In fact, nearly 100% of home buyers will first consult a computer before contacting an agent. As a result, it is important for anyone trying to sell a home to have at least pictures and maybe a video online for potential buyers to see before coming to see the house in person.
Those who spend time online looking for a home will also take more time online before contacting an agent. On average, internet buyers will spend almost five weeks looking at homes online. Internet service buyers are usually more prepared and will then only contact an agent when they are serious and spend a shorter amount of time actually visiting houses because they already know what they like and want. As a result, internet buyers spend only two weeks with an agent before settling on a house as opposed to a traditional home buyer who may spend almost two months with an agent before putting in a contract.
For real estate agents, it is important to not only have a large online presence, but to also pay attention to those who are looking for a home online. This means responding to calls and emails in a very timely fashion. Studies show that those who are primarily using high speed internet in order to find a new home, value a quick response time. For example, almost 70% of internet home buyers say that they want a fast response and almost all will initially communicate with a real estate agent by email rather than through any other method. As a result, many agents now advertise by saying that they will respond faster than any other when you are looking for a home.
Internet home buyers are also more satisfied with the complete home buying process than traditional home buyers. A lot of this happiness is the result of quick communication while traditional home buyers are more satisfied when a real estate agent works hard on their behalf.
Buying a home will never be an easy process, but it has changed forever thanks to the broadband internet service.