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Home Buyers Home Buying Process 2013Profile Highlights

home buying processThe recently released National Association of Realtors (NAR) Profile of Home Buyers and Sellers 2013 yielded a variety of interesting facts about the home buying process.

Highlights of the Home Buying Process

 

  • For 42 percent of home buyers, the first step in the home-buying process was looking online for properties and 14 percent of home buyers first looked online for information about the home buying process.
  • The use of the Internet in the home search rose slightly to 92 percent.
  • Real estate agents were viewed as a useful information source by 87 percent of buyers who used an agent while searching for a home.
  • The typical home buyer searched for 12 weeks and viewed 10 homes.
  • For more than half of buyers finding the right home was the most difficult step in the home buying process.
  • Approximately nine in 10 recent buyers were at least somewhat satisfied with the home buying process.