Home sellers need to determine an asking price, and buyers need to assess how much to offer and ultimately what to pay for their new home. Many of them rely on a professional Realtor for the data and analysis to help come to their decision, while others prefer to also do their own research online and rely on sites such as Zillow for guidance.
People often do not realize the importance of the process of “escrow” when buying or selling a home. It is a concept which many people are not familiar with, especially if they have not ever bought or sold real estate in one of the 32 states which use an escrow process. Most of the states along the east coast are not escrow states, and property sales there are done through attorneys and title companies. Often buyers who are relocating to California find it confusing when they are told that hardly any transaction here is done by an attorney.
Just a few years ago, less than 20 percent of home sales involved any Internet use. Now over 70 percent of California sales involve buyers searching the Internet for homes, loans, real estate agents, quality of community and schools, and for information about the purchase process.