3. In the Beginning
Department of Defense
Unit creates the :Internet:
1969
Universities &
Government Agencies are
first users 1974
World Wide Web
Launches 1992(CERN)
Switzerland
4. Internet and Real Estate
Internet Home Search
Nothing Short of a
Revolution. Rich Home
Resources Launched in
1995 at National
Association of Realtors
Convention with the catch
phrase
“ CLICK A MOUSE, BUY A
HOUSE”
6. Real Estate Statistics
Home Buyer Statistics
Active home search (median):
1 Number of weeks searched: 10
2 Number of homes seen: 10
First-Time vs. Repeat Buyers:
1 First-time buyers: 41%
2 Repeat buyers: 59%
NATIONAL ASSOCIATION OF REALTORS STUDY
7. Real Estate Statistics
Information sources used in home search:
1 Internet: 87%
2 Real estate agent: 85%
3 Yard sign: 62%
4 Open house: 48%
5 Newspaper ad: 47%
6 Home book or magazine: 30%
Actions taken as result of Internet home
search:
1 Drove by/viewed a home: 77%
2 Walked through a home viewed online: 63%
3 Found agent used to search/buy home: 27%
NATIONAL ASSOCIATION OF REALTORS STUDY
8. Top Ten Internet Real
Estate Resources by
Alexa Web Information Ranking Experian Hitwise Rankings Michael’s Top Ten
Company
Realtor.com Realtor.com Realtor.com
Zillow.com RealEstate.Yahoo.com TexasRealEstate.com
Loopnet.com Zillow.com Zillow.com
Remax.com ZipRealty.com ForSalebyOwner.com
Century21.com Remax.com MLS.com
Coldwellbanker.com Trulia.com Trulia.com
Rent.com RealEstate.aol.com TexasWorkForce.com
Inman.com HomeGain.com HomeGain.com
Viviun.com Hud.gov Ector County Appraisal District
Sotherbysrealty.com Servicemagic.com Midland County Appraisal District
RANKINGS REFLECTING NOV 2008 TO JAN 2010
9. Positives, Negatives, and
Caveats
Positives Negatives Caveats
Your Internet Search will Your Internet Search will
yield significant amounts yield significant amounts Disclosure Statements
of information of information
Internet sites should Internet sites may not
contain rich sets of home accurately reflect the Always verify with data or
purchasing data whole property, terrain, a consult a professional
or structure
Your internet search can Internet sites may collect
be anonymous or as Data Privacy is a Big
requested data from your
personal as you would Issue
use of their resources
desire
10. Questions & Open Lab
Our last section of this mini
course can be used as an
open question and
discussion session with an
open laboratory to use your