Originally Posted By: Nick Gromicko
This post was automatically imported from our archived forum.
The Internet has become the tool of choice for homebuyers, with nearly three-quarters of buyers logging on to search for houses, new industry figures show.
That's up sharply from the 41 percent of buyers who went online just two years ago when looking for a house, according to the 2003 National Association of Realtors' Profile of Home Buyers and Sellers.
"Almost every home placed on the market today can be found on the Internet, and more buyers than ever are using the Web to search for a home," said NAR President Cathy Whatley.
But the Internet is not putting REALTORs out of business. Instead, technology has actually driven more business to real estate professionals: nearly 90 percent of those who use the Internet for a home search end up using a real estate broker in their deal compared to 79 percent of non-Internet users. So we inspectors aren't getting rid of agents yet. We have to still market to real estate agents. The internet is allowing us to find and market to our clients directly though.
NACHI.org stats for July are now posted at http://www.nachi.org/stats.htm