More homebuyers willing to purchase online

by Ryan Smith01 Apr 2016
Homebuyers are becoming more and more comfortable with completing much of the transaction online, according to a new survey.

“Consumers are heading into the spring home buying season with a positive outlook, according to our findings,” said Steve Udelson, president of real estate company Owners.com. “Home buyers also indicate a willingness to go online and handle more elements of the real estate process themselves in order to save time and money – a trend we expect to continue this year and beyond.”

According to the Owners.com survey, 73% of prospective homebuyers would use websites to search for properties. More than half would book home tours online, while 43% would consider online financing products. Most consumers still aren’t keen on doing the whole transaction on the web, but 27% of survey respondents said they would make a purchase offer online.

The survey also indicated that consumers were gaining confidence in the economy, and were confident about their own understanding of the homebuying process. Eighty percent of survey respondents were confident that the buying environment in 2016 would be as good as or better than it was five years ago. And 69% of respondents graded themselves at an “A” or “B” when it came to their understanding of the homebuying process.

COMMENTS

  • by | 4/1/2016 11:28:30 AM

    All sounds good until there are problems. Then I guess online consumers will hire an sttorney?

  • by sbharkness | 4/1/2016 12:43:04 PM

    This is laughable. With all the obstacles put in place but the CFPB the consumer needs a Licensed Lender working in tandem with a Realtor more than ever if they want to have a chance of their mortgage closing. Just the Loan Estimate disclosure what we used to call the Good Faith Estimate, consumers are thinking they signed mortgage documents. Now who are they going to call to explain to them the difference? I will tell you what will happen. They will spend 45 minutes on the phone trying to reach a human. They will loose patience and say a couple of four letter adjectives describing adverbs and give someone like myself a call. A licensed human being that can be reached usually on the 3rd ring. I too use the same whiz bang technology but I know how to make it work while avoiding the many pitfalls caused by the well intentioned CFPB.

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