BUYERS STUDY
Buyers Express Opinions on Buying in Extensive Study
The National Association of REALTORS® (NAR) recently released a Profile of Home Buyers and Sellers. Here are just a few interesting findings regarding buyers:
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6 Main Reasons Why People Buy a Home
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- Most mentioned by buys was the simple desire to own a home of their own.
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Other Major Reasons identified by all home buyers, were
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- The desire for a larger home;
- A change in family situation;
- A job-related move;
- The affordability of homes; and
- The desire to be closer to fa
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When asked where they first learned of the home they purchased, buyers stated the following:
- The Internet
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38%
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- Real estate agent
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37%
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- Yard sign or Open house
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11%
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- A friend, neighbour or relative
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6%
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- Home builders
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4%
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- Print or newspaper ad
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2%
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- Directly from the seller
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2%
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- Home magazine, less than (
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Buyers and REALTORS®
Most Important Factors in choosing and agent are trustworthiness and reputation.
83% of buyers purchased their home through a real estate agent or broker.
Real estate agents were viewed as a very useful information source by 81% of buyers who used an agent while searching for a home.
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Benefits Buyers Had When Using an Agent
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Helped buyer understand the process:
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66%
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Pointed out unnoticed features and faults with property
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52%
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Negotiated better sales contract terms
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41%
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Improved buyers knowledge of search areas
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42%
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Provided a better list of service providers
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41%
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Negotiated a better price
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34%
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Posted by Barbara Scarlett
on January 9, 2012