Thursday, May 18, 2006
Orangeburg - How buyers are finding their agents now
Primary Method of Shopping for Information
A majority of baby boomers (53 percent) ranked real estate brokers/agents as their primary source for shopping for information on their first home, followed by 45 percent of Generation X and 34 percent of Generation Y buyers. Generation Y homebuyers (42 percent) search the Internet far more than their Generation X counterparts (26 percent).
Forty (40) percent of all survey respondents noted that the best way to find a broker/agent was through friends and relatives. Next, the Internet is to Generation X and Y (21 percent each) what drive-by yard signage was to baby boomers (17%) in finding a broker/agent for a first home.
In all three groups of buyers, the majority preferred more frequent contact from their broker/agent when buying a first home (more than 50 percent want contact every few days).
A majority of baby boomers (53 percent) ranked real estate brokers/agents as their primary source for shopping for information on their first home, followed by 45 percent of Generation X and 34 percent of Generation Y buyers. Generation Y homebuyers (42 percent) search the Internet far more than their Generation X counterparts (26 percent).
Forty (40) percent of all survey respondents noted that the best way to find a broker/agent was through friends and relatives. Next, the Internet is to Generation X and Y (21 percent each) what drive-by yard signage was to baby boomers (17%) in finding a broker/agent for a first home.
In all three groups of buyers, the majority preferred more frequent contact from their broker/agent when buying a first home (more than 50 percent want contact every few days).
