Where Do Buyers Come From

Whether they’re first time buyers, move-uppers, down-scalers, transferees or investors, research shows that the buyers of real estate are introduced to property by various means and methods. A a sales professional, it makes sense to study these statistics for the benefit of our buyers and sellers. Here is some more valuable information:

• 1% bought an open house they saw.

• 3% bought for a combination of reasons.

• 3% bought property they saw advertised.

• 7% were referred by a relocation service.

• 8% responded to an open house but bought a different home.

• 18% responded to an ad but bought a different home.

• 20% bought because of the For Sale sign.

• 40% bought as a result of working with a Realtor

Everyone knows someone who bought the first open house they walked into and some can say they found the property they bought by scouring the advertisements daily. However, the above statistics seem to reveal that most buyers bought what they did because they were working with a professional Realtor who knew the inventory.

What this means is, if you are thinking of buying or selling real estate, be sure to work with an agent who knows the inventory and keep that Realtor up-to-date with anything you see that may interest you.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.