Writers' Community!

Search:  

 

Writers' Community!

SearchWarp Home Submit An Article Frequently Asked Questions Contact Author Login
Article Submission
We Need YOUR Articles!
We'll Promote Them for FREE!

Author Login

New Authors
Register Here


Now Serving 6,839 Authors
48,262 Quality Articles
& 4,178 Current Users Online!
Featured Authors
April Lorier (3,495)
Kimberly (616)
Camille Strate (1,432)
Shan-ul-Hai (312)
Joel Hendon (4,513)
Scot McKay - Dating Coach (3,501)
Joel Hirschhorn (466)
Abigail Richards (7,059)
Susan Thom (8,095)
Teresa Ortiz (2,334)
Laura Trahan (29,574)
Robert Melaccio, Sr. (3,726)
E. Raymond Rock (3,225)
David Tanguay (5,792)

View All Featured Authors
Article Categories
Animals & Pets
Arts, Crafts & Hobbies
Automotive
Business
Careers & Employment
Computers & Networking
Do it Yourself (DIY)
Education
Electronics
Entertainment
Fashion
Finance
Furniture
Games
Government
Health
Holidays & Special Occasions
Home Life
Industry
Internet
Kids and Teens
Legal
Literature
News
Personal
Professional Services
Real Estate
Recreation & Leisure
Reference
Reviews
Science & Technology
Shopping
Society
Sports
Travel
Webmaster Resources
Website Technologies
Writing
Pick of the Day
Home » Categories » Real Estate » General Advice » The Internet is changing the home buying process » Printer Friendly

The Internet is changing the home buying process

Rated 3.5 out of 5
Rate It  /  View Comments  /  View All Articles submitted by Colleen Alderliesten
Submitted Wednesday, December 15, 2004
Submitted by: Colleen Alderliesten (216) Unverified Account
Canadian Homes 4 Sale .com
Log in to become a member of Colleen Alderliesten's Fan Club!


FYI-FSBO NEWS LETTER

The Internet is democratizing the home buying process ( PART 1 )

Phishing in Canada ( PART 2 )
Courtesy of FYI~FSBO newsletter http://www.canadianhomes4sale.com - Canadian Web Award Winner

A new study shows that home buyers who use the Internet are younger, wealthier and more ethnically diverse than traditional buyers, according to the California Association of Realtors.  Internet buyers also spend significantly less time physically looking at homes for sale before making a purchase, and look at far fewer homes before making a purchase than traditional buyers
 
Despite this, Internet buyers feel they are in control of the home buying process than traditional buyers according to the study

So-called "Internet buyers." who comprised only 28 percent of the market in 2000, accounted for 45% of the market in 2002 and may now be in the majority, reports the California Association of Realtors in its 2003 "Internet Versus Traditional Buyers" report.

California's Association of Realtors  study also quotes "Internet buyers shell out $100,000.00 more than those who are coy about the Net ---a median $426,200.00, compared to $350,000.00.  At the going 6 percent commission rate, that's a $6000.00 bonus for the agent! ( Why are we FSBO???) thank you California Association of Realtors for clearing that up!

The National Association of Realtors recently reported that for the first time more home buyers nationwide used the internet instead of newspaper ads as a key information source.  The research--- which included only newspaper ads and not magazines, direct marketing advertisement and other print media -- says 66 percent of the buyers surveyed reported using the internet, compared to 49 percent of buyers who say they used newspaper ads.  In 1995 only 2 percent of home buyers browsed the web for housing.  NAR.  This is an important piece of information when we ( FSBO site owners / marketers ) ask that you continue to market in other media such as print.  Include your listing URL address ( i.e.: view at www.canadianhomes4sale.com listing #123)

E MAIL ALERT

Phishing in Canada

Despite its growing popularity in the criminal world, only 16 per cent of Canadians with a personal e-mail account and Internet access were familiar with the term phishing.

When phishing was explained, 31 per cent of those surveyed had received at least one request for personal or financial information that they believed to be fraudulent.

One of the fastest growing online scams, phishing involves the use of fraudulent but authentic-looking, branded e-mails and websites to lure recipients into divulging personal information that can then be used to commit crimes like financial fraud.

Report Reveals Phishing Attacks are Growing at Alarming Rate
Visa, RCMP and Competition Bureau partner to inform Canadians about phishing scams

Toronto, ON, November 3, 2004

According to the Visa Canada Phishing Survey the majority of Canadians with an e-mail address and Internet access have never heard of "phishing," despite a global, 50 per cent month-by-month increase in phishing incidents. Visa Canada, the RCMP, and the Competition Bureau, joined forces today to declare November 3rd "Anti-Phishing Day" and launched a consumer awareness campaign to help inform Canadians about phishing scams.

One of the fastest growing online scams, phishing involves the use of fraudulent but authentic-looking, branded e-mails and websites to lure recipients into divulging personal information that can then be used to commit crimes like financial fraud. According to the Anti-Phishing Working Group, a global organization that monitors and tracks phishing, the two most targeted industries for phishing scams are financial services and the retail sector. In July alone, the Group reported 1,974 global phishing attacks. And while most Canadians do not fall victim to phishing scams, the Visa survey suggests that four per cent of phishing e-mail recipients, or approximately 200,000 Canadians, divulge personal information.

Derek Fry, President of Visa Canada Peter German, Chief Superintendent of the RCMP and Sheridan Scott, Commissioner of Competition, the Competition Bureau, all made appearances at the Toronto Stock Exchange Gallery to speak about the dangers of phishing and brand spoofing scams. Through the theme 'Recognize It. Report It. Stop It.', the Anti-Phishing Awareness campaign is intended to help consumers protect themselves from this fraud.

"Phishing scams are growing at an alarming rate and that's driving other crimes that threaten the protection of cardholder information. Working with our Member financial institutions we are committed to cutting the line on phishing scams, but we need a collective effort to ensure we're successful," commented Derek Fry, President, Visa Canada.

To quantify the prevalence of phishing in Canada, Visa surveyed 1,200 Canadians last month. Highlights of the Visa Phishing Survey revealed that:

  • Despite its growing popularity in the criminal world, only 16 per cent of Canadians with a personal e-mail account and Internet access were familiar with the term phishing.
  • Nearly 60 per cent of those surveyed admitted that they would likely provide personal information if requested through an e-mail from their bank or credit card company. Thirty three percent of respondents would likely provide the information to the federal government, versus 8 percent to an online auction service.
  • When phishing was explained, 31 per cent of those surveyed had received at least one request for personal or financial information that they believed to be fraudulent.
  • Four per cent of those surveyed reported that they'd actually been a victim of phishing and had divulged personal information.
  • Only 51 per cent of respondents said they would report a future phishing attempt.
  • Concern about phishing scams was expressed by 66 per cent of respondents.
"What's troubling with these survey results is that even after phishing was explained to respondents, only half of them said they would report a phishing attack," noted Sheridan Scott, Commissioner of Competition, the Competition Bureau. "If we're going to stop fraud, the first step is getting Canadians to report it."

In response, the 'Recognize It. Report It. Stop It.' campaign was developed to educate and empower consumers to protect themselves.

In their public address, the panel of experts offered tips to protect Canadians, including the following:

  • Do not reply to unsolicited e-mails, even official-looking ones that ask for personal information, particularly those that have spelling or grammatical mistakes.

  • If you receive a suspicious e-mail appearing to be from Visa, immediately report it to Visa via email at phishing@visa.com. For other phishing scams, consumers can report them via email to reportphishing@antiphishing.org.

  • Protect your own computer by installing and updating anti-virus software, anti-spy-ware programs, e-mail filters, and firewall programs.

  • Visit http://www.visa.ca/phishing to learn how to protect yourself from phishing fraudsters.


VISA Canada, Nov 3, 2004
Courtesy of FYI~FSBO newsletter http://www.canadianhomes4sale.com

Colleen Alderliesten is the Webmaster of http://www.canadianhomes4sale.com and has bought and sold real estate in British Columbia , Canada,  as a "FSBO" for over 20 years. She can be reached for comments or questions at info@canadianhomes4sale.com

 





Reprint Rights

Log in to become a member of Colleen Alderliesten's Fan Club!

Comments on this article:


bean (2 years 251 days ago.)
Reader Rating: 5 out of 5
the truth is now coming out
Respond to this comment

Was this article helpful to you? Leave a Public Comment or Question:

 

This Article has been viewed 1,284 times.
Article added to SearchWarp.com on Wednesday, December 15, 2004
View other articles written by Colleen Alderliesten (216) Unverified Account


If you found this article interesting, you may want to check out:

Disclaimer:  All information on this site is provided for informational purposes only! By no means is any information presented herein intended to substitute for the advice provided to you by any health care or other professional or organization.


Today's Most Popular
12 Tips for Buying Waterfront Real Estate

Infrared Roof Inspection, Save money!

The Story Behind Saltbox Architecture

Preventing Foreclosure Proceedings and understanding your options

The Dangers of Meth Labs

Apartment and Commercial Loans: How big of a loan can I get?

Real Estate Dirty Tricks - Conditioning of Owners by Agents

Radon Gas: A False Alarm?

Why Real Estate is Your Only Investment Option

How much does an appraisal cost?

Most Recent
No Vacancy: Squatters Take Over Foreclosed Homes

Preliminaries to Searching for Your First Home

DIY - Upgrade Your Old Deck

Insulating The Older Homes

Only Five Essential Garden Tools

Why Real Estate is Your Only Investment Option

Niche Social Networking for the Realtor

An Inconvenient Spirit: Selling Your Haunted House

Thihngs You Should Know About Buying a House. Part 3 of 3.

Things you Should Know About Buying a House. Part 2 of 3

Home  |  FAQ's  |  Contact  |  Terms of Service  |  Article Submission Guidelines  |  Reprint Rights  |  Article Categories  |  Writers' Contests  |  Privacy  |  Mission / About
Copyright © 1999-2008 SearchWarp.com, All Rights Reserved - SearchWarp.com is an IcoLogic, Inc. Company