Did you know that almost 80 percent of those who purchased homes for the first time used the Internet as a very important part of the process? That is part of a report made by one of the biggest realty trade groups in the country, the California Association of Realtors.
CAR’s report highlights the value of utilizing the Internet to guarantee yourself a buyer for your home. It is also indicated that Internet buyers have done more house research when they first began their very own home buying process. Here’s some more fascinating statistics:
Home buyers on the Internet had a median age of 39 years old and approximately 90 percent of them were married. Internet buyers were also quicker compared to the slow and traditional buyer. The former just needed two weeks to look for a perfect home they would eventually purchase. Traditional buyers on the other hand, needed seven weeks.
Furthermore, the role of the realtor is very crucial in the process of home buying, as the CAR report stresses. Most first-time buyers usually spent four weeks reflecting on purchasing a home and another four weeks inspecting homes for sale before eventually getting in touch with a realtor. Then, another three weeks is spent previewing eight chosen homes together with their realtor.
Now if you are putting up your home for sale by owner, also known as FSBO, the CAR report should give you some moral support. You could actually use the Internet as a tool in promoting your property, which is a superb source of looking for buyers.
The conventional way of locating buyers through flyers, front ads, etc. are still important, but registering your home into cyberspace is even more important. There are plenty of Internet website hosts like Owners.com which focus on offering you with a simple Internet space at an acceptable price.
If you use the Internet for your home FSBO, you present your buyers with:
- The capacity to learn immediately all the vital specifics about your property like its size, how many bedrooms and bathrooms there are, and even what things are growing in both your front and backyard.
- The chance to picture your home, both by looking through the pictures posted on your site or in virtual tours.
- The prospect of checking out the sales of current similar homes so that buyers can confirm that you are posing a reasonable offer.
- The opportunity of taking a glimpse into the local schools’ scholastic scores, crime demographics and data in the neighborhood, the nearness of your home to transportation, freeways, shopping and much more.
The great part about all of this is that buyers can do everything in their computers in their own homes. No more stressful house tours in the conventional way of looking for a home for sale by owner. With just a click the mouse, buyers can look for what is out there for them. Afterwards they can choose which FSBO home they would like to see by getting in touch with you directly.
There is a huge possibility then that when you receive a call from an interested Internet buyer, most probably that buyer already knows a lot about your house. Actually, nearly all of the house information part of the selling has been previously completed for you, thanks to the Internet. The next step would be the buyer wanting to visit your home to validate that it is a house that he or she would like to purchase.
Now if you are considering putting up your home FSBO, do not forget your best friend, the Internet.