THE BUYER PROFILE HAS CHANGED -- HAS
YOUR AGENT KEPT UP?
Buyers are demographically younger, have a higher education
level than previous buyer groups, tend to buy more expensive properties than previous groups, and are computer literate.
In fact, they have integrated the use
of the Internet into their lifestyles. They want MORE and BETTER information ---- and they want it immediately available ---
they don't want to have to call a real estate agent to ask for it -- they expect it ON-DEMAND and ONLINE. [See:
"Buyers Have Changed -- But Not Realtors?"]
According to the National Association of Realtors, 74% of Buyers go to the Internet
to search BEFORE they contact a Realtor; and beginning way back in 2005 --- -- more Buyers found
their property on the Internet than through a real estate agent.
If your property fits their search criteria, but doesn't provide
the information they want on-demand .... they will pass you by ... and analyze and digest the information about properties
that DO provide the information they are looking for.
So..... the buying profile is clearly to expect on-demand data, and your agent's strategy is to
provide limited "teaser" information and wait for the buyer to contact them so they can speak to them "in
person"?
Or,
they are placing print ads in the newspaper or broker-sponsored magazines distributed in grocery stores?
Can you afford to ignore 74% of the online target
market?