"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. - 66 percent of the buyers surveyed reported using the internet, compared to 49 percent of buyers who say they used newspaper ads.
Nation wide real estate has increased 2030% 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. Canadians have come to realize that they cannot continue to throw their equity out the window by giving thousands of their hard earned dollars to agents. For a majority of Canadian citizens their homes are their families largest assets. Being a "For Sale By Owners" AKA "FSBO" is simply good money managing, It puts you in control of one of your largest assets, and Its where the real estate market is going with todays technology. |
