The internet has changed the way people do everything. Constant connectivity has made it so that it seems as if the world is in your pocket. Looking for new homes for sale is no different. In fact, the National Association of Realtors recently released a study that showed that in 2016 nine out of ten home buyers used the web in some capacity to find their new residency. Cullers Homes is here to help.
Statistics on New Homes for Sale and the Web
We live in a digital world where home buyers can use apps to compare and contrast new homes for sale. They can research neighborhoods and take virtual tours in order to narrow down their search. Prospective homeowners are able to find out every detail possible about the homes they are considering before they go see them in person. It is only then that they will contact a real estate agent. This is a huge change from 1981 when 22 percent of home buyers read newspaper ads in order to find a home.
This statistic is broken down even further and shows that the average buyer of a new home for sale used a mobile device to search for properties online. And looked at websites with photos, home listings, and information about the home buying process. After contacting an agent, he or she physically saw approximately 10 homes over the span of around 10 weeks before purchasing a home.
These numbers can be broken down by age. As expected, almost all Millennials used the internet is some capacity to search new homes for sale. Their grandparents, who are part of the Silent Generation from 1925-1945 referenced the web less than 80% of the time. This is important because Millennials are the largest group and make up about 66% of first-time home buyers. Nearly 60% of Millennials found their new home on the web while less than 10% of their grandparents can claim the same.
How to Use the Web When Looking for a New Home for Sale
Personal engagement is still important when looking for new homes for sale. This can be seen in the fact that almost 90% of first-time buyers used an agent. This shows that just because they are looking online for their homes, they still need a professional when it comes to making the big decision. One reason for this is that nothing replaces seeing new homes for sale in person. Unlike the complete series collection of Fraiser on DVD you ordered from Amazon, a new home can not be returned if it fails to meet expectations upon delivery. If you are in the market for a new home for sale in the El Paso area, once you have narrowed your selection down online, stop by and take a look at Cullers Homes. We have over 50 years of experience in the industry.