buyers and sellers

Leading Consumer Research

On Today’s

Home Buyers and Sellers

81%

of buyers and sellers

used a REALTOR®

2008 National Association of Realtors Profile of Home Buyers and Sellers

41% of buyers were first-

time

home buyers


The typical first-time buyer

was 30 yrs old while

the typical repeat buyer was

47 yrs old


21% bought new homes,

down from 23%


80% said the commute was

very important when

considering a home



What do buyers and sellers want from real estate agents?

48% find the right house

other 3%

Help financing 3%

Determining how much to afford 3%

Help buyer negotiate terms of sale 13%

Help with paperwork 9%

Determining what comps are selling for 7%

Help with the price negotiations 14%

The number one trait people

look for in a real estate

agent?


One they can trust

81% of sellers

favor a full service real

estate brokerage


81% of buyers

purchased a home using a

real estate agent.


That’s up 54% from last year!

43% of buyers

found their agent through a

friend or family member


70% of buyers

would definitely use their

real estate agent again or

recommend them to others


85% of sellers

would definitely use their

real estate agent again or

recommend them to others


93% of home buyers

financed their home

purchase


Nearly half of home buyers

reported they have cut back

on luxury items,

entertainment and clothing

to qualify for a mortgage


One quarter of first-time

home buyers

reported that the mortgage

approval process was more

difficult than expected


One fifth of home sellers

traded down to a smaller

and

less expensive home


Over half of home sellers

traded up to a larger and

higher priced home


More than 92% of home

buyers under 44 used the

internet to search

for a home in 2008


8 out of 10 buyers

45-64 years old

used the internet to search

for homes


In 1995, 2% of all home

buyers used the internet to

search

for a home


By 2008, 87% of all home

buyers used the internet to

search for a home


3 out of 4 home buyers

drove by or viewed a home

they saw online


81% of buyers said the

internet was a

very useful tool to search

for a home


Buyers cited the internet

and real estate agents

equally

as the most useful tools

when looking for a home


Three times as many

buyers

found their home online

in 2008 than they did in 2003


In fact, more buyers

find their new home

through the internet


than


newspaper

home booksdirect connection with seller

and yard signscombined

Over 78% of all homes use

broadband


There are hundreds of

millions of queries on

Google every day

SearchEngineWatch

The first sms text was sent in

1992

http://en.wikipedia.org/wiki/Text_messaging

Today the amount of text

messaging exceeds the

population of the planet

every day

http://thefischbowl.blogspot.com/2007/06/did-you-know-20.html

The number of internet

devices in 1984

1000

http://thefischbowl.blogspot.com

The number of internet

devices in 2008

over 1,000,000,000

http://thefischbowl.blogspot.com

Change is good

Prudential Texas Properties

Is leading the way

buyers and sellers

Real Estate