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Real Estate Marketing (757) 351-7523
Avertising Effectiveness
2006 National Association of Realtors Profile of Homebuyers and Sellers
- 80% of all buyers used the Internet in their search for a home, 83% of first-time buyers used the Internet, and 78% of repeat buyers used the Internet
- 96% of homebuyers who used the Internet looked online for properties for sale.
- 81% of buyers who used the Internet purchased their homes through an agent/broker, while only 63% of those who did not search online used a real estate professional.
- The typical Internet searcher visited 11 homes, in comparison with non-Internet searchers who visited only 6 homes. Non-Internet buyers frequently purchase a home directly from the seller or builder, which reduces the number of homes viewed.
- The typical Internet searcher spent eight weeks searching for a home, compared with 6 weeks for non-Internet searchers. Internet searchers begin searching earlier and spend more time reviewing other sources of information about a community or availability of homes with specific characteristics.
- Characteristics of Internet Home Searchers: 63% are married, the median age is 39 years and the median income is $74,300. Characteristics of Non-Internet Searchers: 54% are married, the median age is 51 years and the median income is $61,000.
Actions Taken As A Result Of Internet Property Search 74% Drove by/viewed a home 61% Walked through a home 23% Found/used the agent 22% Requested more information 11% Contacted builder/developer 7% Pre-qualified for a mortgage while online 5% Applied for a mortgage online 4% Found a mortgage lender while online | Value of Online Features 83% Photos 81% Detailed property information 60% Virtual tours 43% Interactive maps 37% Neighborhood information 31% Real Estate agent contact | Where Buyer First Learned About Property Purchased 36% Real Estate Agent 24% Internet 15% Yard Sign | Information Sources Used in Property Search
85% Real Estate Agent 80% Internet 63% Yard Sign 55% Newspaper Ad 47% Open House |
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