Thursday, March 31, 2005

Home Buyers Using the Internet?

Homebuyers who used the Internet as an integral part of the homebuying process increased to 62 percent in 2005 compared with 56 percent the previous year, according to C.A.R.'s "2005 Internet Versus Traditional Buyers Survey." Nearly two-thirds of all first-time homebuyers used the Internet as a significant part of the homebuying process, while less than half of repeat homebuyers did so.Close to six of 10 Internet buyers said the information they gathered from the Internet was less useful than that provided by their REALTORS®, and none considered the information gathered from the Internet to be more useful than that obtained from their REALTORS®, according to the survey. "The Internet has complemented, not diminished, the REALTOR®'s role in the homebuying transaction," said C.A.R. President Jim Hamilton. "Homebuyers ultimately turned to their REALTOR® for both interpretation of information gleaned from the Internet, and for their REALTOR®'s expertise and judgment throughout the homebuying process."

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