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Internet Homebuyers Save Time, Spend More Money

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It may surprise some that the average priced home bought by an Internet homebuyer is $462,000. It may surprise most Realtors that the Internet homebuyer typically does more research than do homebuyers calling on their newspaper ad to see homes, and that Internet homebuyers are quickly becoming the majority of homebuyers.

Most Internet homebuyers still work with a Realtor, and they do rely on their services and expertise when it comes to area information, property information and closing services, plus relocation services, but they also seek quite a bit of information on their own, whether or not they’re working with a Realtor.

The majority of my clients are Internet homebuyers, or Internet real estate investors or renters. One to two people contact me daily, on average, to request my various real estate services. According to the “Internet Versus Traditional Buyers Survey,” traditional homebuyers decreased from 72 to 55 percent from 2000 to 2003, while Internet homebuyers increased from 28 to 45 percent, and still appears to be growing.

What does this mean for the real estate industry as a whole?

Well, it means that instead of cold calling to get listings, real estate professionals of the future are going to get most of their business from Google positioning and other electronic communications, other than SPAM, which is likely to become more regulated in the near future.

My clients range from manufactured home buyers seeking to find Florida retirement paradise, to your family seeking an average-priced new home, to families seeking upscale luxury homes and condos, to investors seeking to purchase strip and shopping centers, or seeking to purchase small apartment complexes. I never would have met any of them without creating my website.

Click here to read the Inman News article showing why homebuyers go online to buy homes and find a Realtor.

-John Mudd

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