Is the new 2009 Survey of Home Buyers and Home Sellers accurate? I was reading the summary of the results posted on Realty Times, and I'm fairly confused by some of the answers.
For example, how are they having the buyers distinguish between finding the house on the internet verse finding the house on the internet through their agent's website, or any agent's website? That's one of the strong points of working with a Realtor is to have access to either their website with the most up to date listings, or receive listings via a saved search set up by the Realtor within the MLS to send out to the buyer.
When I, as the Realtor, send listings to my buyers and they click on the link and an internet browser window opens to view the home, is this buyer saying they saw the property on the internet or from their Realtor? I think there needs to be more distinction because the numbers the survey is showing are weird.
36% of Buyers found the home they purchased using the internet with the exact same amount of Buyers finding the home they purchased using a real estate agent. Again, how could buyers really say their agent didn't help them find the homes when most of the web-based searches are run by agents with MLS feeds? Are the buyers really giving the Internet all that much credit now when the sites wouldn't exist without the cooperation of the Brokers and the Realtors?
When asked which sources of information were useful, 81% said real estate agent, however only 77% said the internet. What did the remaining people think was useful? Foreclosure Bus Tours?
Something else I found interesting is that the 2009 Survey of Home Buyers and Home Sellers said 10% of buyers found Open Houses to be useful, though statistics consistently show less than 1% of houses are sold at an open house. Just another stat showing that buyers aren't really looking for open houses anymore, and that even the ones who think they're useful aren't out buying at Open Houses.
Maybe it was because they only had about a 7% return rate on the survey results, but the above stats don't seem very representative... but that's just my observant opinion for my market.
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* Is the New 2009 Survey of Home Buyers and Home Sellers Accurate? * was first published on donnahomesblog.com