News & Information: REALTOR® News

REALTOR® usage jumps 11 percent among buyers

Monday, January 16, 2012  
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Ninety-five percent of Orlando homebuyers who purchased existing homes between July 2010 and July 2011 did so with the assistance of a real estate professional, up from the 84 percent of buyers who did so in the period prior, reveals the newly released ORRA 2011 Profile of Orlando Homebuyers and Sellers. On the other side, the percentage of sellers who utilized a real estate professional dropped to 89 percent from 94 percent during the same prior time frame.

"Because the real estate market is always evolving, it is important for REALTORS® to have a clear picture of today's homebuyers and sellers," explains ORRA Chairman Stephen Baker, RE/MAX Central Realty. "By commissioning the ORRA 2011 Profile of Orlando Homebuyers and Sellers, ORRA intends to help its members track the changing demands of consumers. The information will assist REALTORS® as they strive to meet the varied needs of their clients and determine which services are of most value to homebuyers and sellers."

The ORRA 2011 Profile of Orlando Homebuyers and Sellers examines in great (eight chapters worth) detail the demographics and preferences of buyers and sellers; their use of real estate professionals; and the characteristics of their properties.

Click on specific chapter to learn more.

Executive Summary

Chapter 1 - Characteristics of Homebuyers

Chapter 2 - Characteristics of Homes Purchased

Chapter 3 - The Home Search Process

Chapter 4 - Homebuying and Real Estate Professionals

Chapter 5 - Financing the Home Purchase

Chapter 6 - Home Sellers and Their Selling Experience

Chapter 7 - Home Selling and Real Estate Professionals

Chapter 8- For-Sale-by-Owner (FSBO) Sellers

ORRA Partners
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