"For Sale by Owners" AKA FSBO (pronounced
"Fizz-boes") are taking control of the sale of their own homes!
Statistics show that its probably one of the
best ways to go. 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. 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.
Nation wide real estate has increased 20—30%
since 2000 but the cost of listing with a real estate agent has
either increased or has been unchanged.
The fact is that web-surfing home buyers are
changing how Canadians are buying real estate, and changing the
real estate industry. With a flood of information Canadians are
becoming much more studious in their real estate buying techniques
and starting to chip away at the 6% commission that real estate
brokers collect on each home sold.
Home
Buyers Search On-line First, Before Making a Deal