Internet and real estate

NAR study shows growing buyer use of Internet

The National Association of Realtors (NAR) released a report detailing the growing use of the internet for buyers of real estate. In 2005, the Internet was used by 77 percent of all home buyers up two percent from 2004.

It is interesting to note that 9 out of 10 buyers also utilize a real estate
agent in the buying process.

“The Internet doesn’t tell you to put a coat of paint on your door or to clean up your home,” said Tom Stevens, NAR president. “Those are things that come back many folds in terms of returns.”

The Internet also doesn’t provide information about the market, neighborhood, schools and roads. That’s information that comes from experience and an understanding of the area.

No surprises here, in fact it would appear that the NAR is reporting the obvious. If you are reading Gulf Returns, you have discovered the power of the Internet for making real estate investment decisions. Surf on.

Study: Internet not hurting Realtors [Naples Daily News]

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