The Use of the Internet January 23, 2000

REALTORS® UPDATE
By Kay Wilson-Bolton
President, Ventura County Coastal Assn of REALTORS®
January 23, 2000

REALTORS® have found themselves keenly aware of how our business is being impacted by the presence and growth of the Internet.
In May of 1999 the California Association of REALTORS® commissioned an independent survey firm to study the difference between how an Internet buyer goes through the home buying process compared to the traditional homebuyer.

Internet buyers were found to spend 2.5 months in the process as opposed to five months. Internet buyers physically previewed four homes, compared to eight with the traditional buyer. Internet buyers were more likely to understand what they could afford, the type of house they wanted and their chosen neighborhood. Only 16% of Internet buyers use newspaper adverting compared to 76% of traditional buyers.

Of those who use websites to locate information, 89% used the Internet to locate real estate firms and 87% to find a specific REALTOR®. Internet buyers use an average of six webs sites to find a REALTOR® and eight sites to get listing information. They reported that 100% of the agents they used had an email account.

Other interesting demographics are that 31% of the Internet buyers are single compared to 22% of traditional. Nearly 75% of those who are single are male. Seventy percent of the Internet home buyers are between the ages of 25 to 39.

Of particular interest to Ventura County residents and REALTORS® is that the statewide median home price for a home purchased by the Internet buyers is $450,000 and $300,000 for the traditional buyer.

The Ventura County Coastal Association of REALTORS® is very aware of how these changes are impacting our industry and we are stepping up our training opportunities to assure a competitive position for our REALTOR® members.

When buying or selling your next home, choose a REALTOR® . There is a difference and you can benefit. For more information, contact Bob Seitz, CEO, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is http://www.vc-realtors.com

About Kay Wilson-Boltonhttp://www.kaywilsonbolton.netWith a full-time career in real estate, I can add to your bank of knowledge, not only in real estate but in many areas of life that deal with people and relationships and choices. My real estate career has taught me many lessons about planning ahead and looking forward. I believe in helping along the way so that they can be the best they can be in any situation. I serve as a Fire Department Chaplain and Coordinator for the Many Meals Project which serves homeless and hungry families in my community. The event is far more than many meals. As a result of my work with the homeless population in my community, I received the Good Neighbor Award 2017 from the National Association of Realtors and named as a Champion of Homes in 2015 by the California Association of Realtors. I make pastoral visits to the inmates in the County Jail System and offer them what God says about "all things being new" and His remarkable plan for our lives. I have served my community as Mayor and in many volunteer capacities. I serve others by serving God first. My husband is involved in prison ministry and is a graphic artist. We live a simple life in Santa Paula with an office cat named Scout, three rescued poodles and a cat named Tony Diane at home.

Leave a Reply if you like.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s