What is Your Home Search Process?
Looking for a new home is exhausting and exhilarating all at once. It can be downright fun to imagine yourself in a new space, but let’s be honest – it’s a process. Local REALTORS® engaged in a study called the Home Buyer’s and Sellers Profile and one of the things they learned was how buyers approach the process of looking for that next dream homes.
Let’s talk a look.
Across the country, for 43 percent of recent buyers, the first step that they took in the home buying process was to look online at properties for sale, while 14 percent of buyers first contacted a REALTOR®. In Indianapolis, 50 percent looked online first and 13 percent contacted a REALTOR® as their first step.
Nationwide, buyers typically searched for 10 weeks and looked at a median of 10 homes. In Indianapolis, buyers searched for 8 weeks and looked at 10 homes.
Interestingly, the typical buyer who did not use the internet during their home search spent only five weeks searching and visited five homes, compared to those who did use the internet and searched for 10 weeks and visited 10 homes. In Indianapolis, those who did no search the internet looked at 4 homes over 8 weeks.
Among buyers who used the internet during their home search, 87 percent of buyers found photos and 84 percent found detailed information about properties for sale very useful.
So if you are thinking about moving, make sure to contact a REALTOR® early in the process. Remember, once you start seriously diving in, it could be 8-10 weeks before you make an offer and then another one to two months before closing and moving.