Nearly 40 Percent of Homebuyers First Seek Advice From Friends and Family

NeighborWorks America commissioned a poll of 1,000 adults about the home-buying process. Although three-quarters agreed that the process is complicated and 42 percent strongly agreed with that statement, only 16 percent of respondents said they turn to real estate agents first for advice on buying a home. The survey reveals that 39 percent said they go to friends and family first when gathering information. The second-most-used source for information on homeownership was the Internet at 17 percent, and mortgage lenders were fourth at 9 percent. The poll results also show that 81 percent of respondents said they know where to find reliable advice about buying a home — which indicates that they talk to family and friends because it is convenient and comfortable, but also because they believe their advice is solid. | Read More