Inman News reported this week that the National Association of Relators recently released their Profile of Home Buyers and Sellers.
The good news is that first-time homebuyers increased to 46% of all home sales, compared to 41% in the 2008 report.
85% of the sellers in the survey used a real estate professional, and 64% of those choose their agent BASED ON REFERRAL or PAST experiences with an agent.
Customer service DOES pay off.
36% found their home via their agent and almost an equal amount found their home on the Internet. This is great news for agents and Internet services. It is REALLY bad news for print, only 2% found homes via print or newspapers!
I could go on and on, but I’ll let you read the rest of the article on your own. The study mirrors my own experiences over the 18 months showing hard work and innovation do pay off for both the agent and client.