Knowing real estate market trends, it's moving forward in the game

What is the average number of weeks that a buyer looking for a home puts in the search before finding a new suitable place to live? And how many houses does he usually examine before making a final decision as to which property to buy?

The statistics of the real estate sector answer these two questions with the following information:

At the same time, according to trends in residential real estate, 50% of the population buying a home is made up of first-time buyers, the remaining 50% being those who have already followed the process at least once.

At what age does a majority of people become a first buyer?

Real estate sales data show that those in their thirties are usually customers who are venturing into the world of buying a home for the first time – an age group that offers young people many opportunities a stable salary, which will increase over time, making it easier to pay monthly mortgage payments.

Many also choose to marry and start a family during this decade, making it a necessity to buy a home.

According to the latest trend of the real estate market, the World Wide Web is the first resource in search of a new home. 74% of potential buyers said they searched for educational content available on real estate information websites before starting the search.

Internet also serves field agents in many useful ways.

It is not uncommon for a real estate agent to own a website for the purpose of advertising his services to the general public in his designated work area, which is one of the many features offered via the Internet to businesses.

Social media is also important for the 84% of real estate agents who use the Internet to help them grow their business.

Sending "tweets" on current market housing on Twitter is a way that a real estate agent uses social media to get the message across. Setting up a business page via Facebook, keeping a network of friends on a site such as LinkedIn, and publishing industry-related blogs are just some of the social media techniques used by a real estate agent to maintain his business.

What are some real estate agent statistics that describe the people responsible for the complete transaction for their clients?

For starters, the average real estate agent is a natural person working between forty and fifty hours a week.

But regardless of their gender, realtors share the following characteristics: 29% have a bachelor&39;s degree, 11% have an associate&39;s degree and 32% have completed at least a few years of college, but none diploma was obtained. .

Although a large number of real estate agents are members of a real estate company, 81% of these people still belong to the category "independent contractor" of this company.

Many of those who have made a career in this field are working well, as evidenced by the fact that 65% of our previous clients say that they would rehire the real estate agent that they used previously.

Sometimes a person does not want to use the services of a real estate agent and prefers to try his luck to attract potential home buyers.

Choosing the "For Sale by Owner" route presents its own set of statistics to the owner.

For example, the most common problem faced by the person selling their home without a real estate agent is not knowing how to get to the appropriate asking price. In fact, 23% of the crowd to sell by the owner comes up against this obstacle, which leads to the failure of the overall sales process.

The lack of efforts to repair and prepare the house for sales standards is another problem, met by 18% of the group. And when a property does not correspond to the dates indicated, an owner can expect nothing less than an offer lower than face value or, in the worst case, no offer .

There are not many people without the benefit of a paralegal or lawyer training that can make sense of jargon that includes real estate documents. Yet, some are making this attempt, which can be more damaging than useful in the overall context.

As a result, 10% of the properties for sale by the owner do not end up in the escrow phase because the documents were poorly completed, specific forms were omitted or signatures were not obtained. if necessary.

As trends in the real estate market continue to evolve, more and more statistics will be created to illustrate these buying and selling habits.