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I Buy a Lot of Things on the Web…but not this!

I was reading an article the other day which I thought was very interesting. The article stated that it was a day to remember at Ebby Halliday Realtors. For the first time, a prospective buyer—a Chicago woman being transferred to Dallas—bought a home in North Texas having only seen the listing on the Internet. She never saw the house!

Let me let you in on a little secret: I don’t own a yacht or a plane so buying a house is a very important purchase to me and frankly the most expensive purchase of the year for sure! Since I have kids, the neighborhood and schools are very important. Not sure you really can get a feel for that on the Web. Let me say this, I can see how people would consider buying a summer home, rental property or investment on the Web—but a primary residence?

Like most, I buy a lot of things on the Web…but a house? I don’t think so! Over the past six years I have bought 4 homes, each one I visited at least three times. I understand that about 80% of people check the Web before searching for a house and Ebby Halliday gets abut 15,000 hits a day. Their all time high was 24,000. But to me that is just narrowing the search down.

Since most people use the Web as a tool to buy a house, doesn’t that make it easier on the realtor? Don’t they spend less time with the buyer?

I would think so. And if that’s the case, shouldn’t the commission that you pay a realtor drop in the future?

I look forward to hearing stories and comments!

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