Most people these days spend a great deal of time on the Internet, whether it's on a computer, laptop, or another type of mobile device.
Tweeting, browsing Facebook, or Instagramming can be quite entertaining. But did you know that these modern wonders can be a very valuable tool in home buying as well? Buyers, sellers, agents and brokers now have access to an endless amount of information and resources on the Smartphone or Notepad. Due to this increased ability to stay constantly connected, the Internet has become one of, if not the most, consistently-used source of real time information and is now a major part of the home buying process. Specifically, social media websites have helped over 75% of buyers in the past year, which is an increase of 52% from 2011. Buying tips from friends, information about neighborhoods, and even your agent's profile, can all be viewed quickly and easily.
According to the California Association of Realtors, 91% of buyers stated that they used a mobile device to access the Internet during their home search. Homes can be viewed, offers can be placed and loans researched, all remotely and within a matter of minutes.
- Buyers viewed a median of 20 homes in the search
- 65% of buyers who used an agent found their agent online
- 92% of buyers obtained a fixed-rate loan, an increase from past years
- The average age of the home buyer has increased
- The average number of offers that each buyer made was 3.6, up from 3.0 in 2013
In this digital, fast-paced world, being able to access online resources remotely can mean the difference between getting the house of your dreams or missing out on a great opportunity. Get connected and stay informed -- right from your pocket -- and your home buying experience can be that much easier.