According to the National Association of Realtors’ 2011 Profile of Home Buyers and Sellers, home buyers’ use of a Realtor® is on the rise.
89% of home buyers used a real estate agent in 2011, a 7.23% increase over the previous year and a 29% increase over 2001. These figures account for all sales, whether a short sale or even a For Sale by Owner (FSBO). The reason? Because buyers increasingly realize they need the help of an agent to help them navigate the complexities of the process.
How did the rest of the home buyers buy? The report shows that 7% bought through a builder and 4% directly from the previous owner.
There is no indication of whether these home buyers started the process on their own or with a Realtor® but the result is the majority ended by using one.
So if you are buying a Los Angeles home follow the trend, Use a Los Angeles Realtor®.
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