According to research from RE/MAX LLC, about 94% of homebuyers now use online platforms when searching for a new house. This popular trend is a result of the COVID-19 pandemic, which created a need for digital options to help limit the spread of the virus.
Though in-person meetings and house showings have resumed for months now, it appears some of these digital trends and virtual tools are here to stay, as they allow people to easily plan and manage their next move before ever setting foot on the property via video walk-throughs and detailed property descriptions.
To no surprise, RE/MAX LLC found that Millennials have embraced digital technologies the most at 64%, while 44% of Generation X and 25% of Baby Boomers also prefer these virtual tools when home shopping.
In addition, this digital process is also being trusted by more consumers than seen in the past, as the National Association of Realtors found that 70% of buyers and 67% of sellers felt comfortable conducting real estate business on a computer – including reviewing and signing electronic documents.
For more information, check out RE/MAX LLC’s report.
Sources:
RE/MAX LLC – remax.com
DS News – dsnews.com
