Technology seems to be the heart of the real estate market. It begs the question, do house hunters and owners selling their house still feel that they need to use a real estate agent? Based on a recent housing consumer study completed by Harris Insights, the answer is a resounding yes.
In fact, the percentage of home buyers or sellers who used a real estate agent in a recent transaction has increased 5 percentage points from the last study three years ago and up 9 percentage points since 2001.
Many might assume that the older population of buyers and sellers are the most likely to use a real estate agent for their transaction. After all, Gen Xers and Millennials are tech savvy and more accustomed to navigating the virtual world. However, according to an article published by Housing Wire, “91% of those ages 18 to 34 used real estate agents in their transaction. That number is slightly higher among Gen Xers, or those ages 35 to 44 years old, at 94%…Actually, it’s the older generations that are cutting real estate agents out of the picture as just 81% of those ages 55 and older reported using a real estate agent in their transaction.”
Read the entire article.
Buying and selling a home might be one or the biggest personal financial transactions of your life. It can be emotional, confusing and time consuming. Many home owners and those looking to purchase a home will eventually look to a real estate professional to guide them through the process.
In an article published by US News and World Report, the author, Devon Thorsby, provides some helpful tips and suggestions for finding a real estate agent for your next real estate transaction. Thorsby begins by suggesting that potential home buyers or those considering listing their home begin the process of searching or a real estate agent earlier rather than later. A real estate agent can help make important decisions and suggestions early on that may help the process go more smoothly.
Its important, of course, to find the right agent. Narrowing down what kind go real estate professional you need is important: an agent, Realtor or broker; each provides a different level of service and expertise. Having a prepared list of questions for a potential agent can help ensure that there aren’t any surprises or concerns late in the process. You want to be sure you feel comfortable with the type and level service the agent will provide and what the ultimate price of using the agent will be.
Read the entire article for more specific information and details about tools to use when selecting a real estate professional.
Photo Credit: Scott Maxwell