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New Condos - Impact of Internet Marketing & Technology

Larger and more diverse segments of the population are discovering that the Internet has an ocean of information, and home buyers are taking advantage of websites like New Condos Online every day. Below are some important facts pertaining to the positive impact of technology on the real estate industry:

Home buyers who used the Internet as a key part of the process grew from 73 percent in 2004 to 77 percent in 2005. Now well over 80% of home buyers use the Internet as a primary tool in their home search. Some 73 percent of builders surveyed say they have a Web site; and most builders also use mass media advertising and new home listings on third-party web sites like New Condos Online to drive traffic to their sites. Capturing the buyers looking for new condos and homes early in their search process is crucial. However, because the buyers are not necessarily ready to purchase these leads need to be properly handled by experienced and well trained sales representatives.

Internet condo buyers devote more time to research before working with a real estate agent. But after that, they move quickly, spending just two weeks looking for a new condo, new home, pre-construction condo, townhome, or loft with an agent, and view only a few homes. Information from the Internet has complemented - not diminished - the role played by real estate professionals, as four out of five Internet condo, townhome, loft, or single family home buyers used an agent in the home buying process. Agents also use the Internet to do research on behalf of their clients and build their inventory for buyers. With the world of online social networking for business growing by the day, sites like New Condos Online that offer a community aspect helps agents network with one another and helps buyers find agents in their local markets.

As the largest and most visited new condo advertising website in the country, New Condos Online provides the premier resource for home buyers and investors looking for new real estate opportunities. New Condo developments are being built in metropolitan markets across the United States and across the world. Look for your new home on New Condos Online today!