Summer’s coming to a Close – Fall Selling Season about to Begin
August 26, 2009 in Uncategorized
And so is my hiatus from updating the blog. The time off has been spent wisely as we here at SFHomeBlog have been upgrading the site to a more user friendly interface, while still maintaining our sans advertisement policy.
In the meantime here are a few facts pulled from the 2009 California Association of Realtor Buyer’s Survey’s that I found of interest:
· On a scale of 1 to 10, 59% of all buyers rated the difficulty of getting a loan as 9 or higher.
· Main reason for dissatisfaction with agent: “did not negotiate aggressively” (83%)
· Why buyers were satisfied with their agents: quick to respond, negotiated a good deal, worked hard on my behalf, listened to what we needed
· 38% of recent home buyers were first time buyers (doubled from previous year)
· Only 37% of escrows closed on time!
· Average time spent considering a purchase, looking around, searching with an agent: over 25 weeks
· Only 13% of home buyers looked at a RE newspaper or magazine ad; 84% used the Internet
That last fact is the primary reason you are seeing less and less advertisements in the Open Home section of the Chronicle…almost all open house times and details can be found at www.SFOpenHomes.com now. It’s also the primary reason you’ll be seeing riders all over the city pointing buyers to that web site and less and less agents making the choice to spend their marketing budget on expensive and inefficient print advertising. Now if we could just insist that all agents (and you know who you are out of area agents that dont put photo’s in) reinvest in high quality photography …
Open Homes Listings in San Francisco [SFOpenHome.com]
