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How Buyers Find the Home They Purchase Homebuyers may use several informational sources in their search process, but they actually purchase through a Real Estate Professional. |
þ 40% of homebuyers were first-time purchasers
þ The median age of buyers was 40 years
þ Most buyers were married with no children residing in the home
þ The median income for all buyer-households was $66,300; among first
time buyers, the median income was $54,800
þ 28% of buyers purchased a new home
þ Roughly 1 in 10 recently purchased second homes was in a resort or
recreation area
þ The typical buyer walked through 10 homes & searched 8 weeks
before finding the home they ultimately purchased
þ 86% of buyers used a real estate agent during their search
þ 75% of buyers bought their home with the assistance of an agent
þ 42% of buyers used the Internet frequently as part of their search
þ 89% of homebuyers who used a real estate professional would
definitely use an agent again
þ 93% of buyers obtained a mortgage to finance their purchase
Information taken from the 2003 National Association of Realtors®
Profile of Home Buyers and Sellers
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