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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (6721)	11/13/2002 2:17:50 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Don't doubt it...however, here, I see an ad every week from one or more firms advertising they'll sell a home for a particular rate that is much less than "market rate". You'd think people would be falling all over themselves trying to hire this company. Not happening. Low price apparently isn't the primary factor most sellers consider when interviewing agents/brokers. These firms tend to fade, anyway, when the housing market gets tough. It's hard to attract many buyers if a firm doesn't have many listings. Having listings is how I met a great many of the people I wound up working with to find homes. So that may be one reason the exclusive buyer-agent firms haven't gained much market share, either--buyers don't call them because they don't have any signs up advertising housing inventory to sell. Meanwhile, the large firms offer both seller agency and buyer agency, and continue to swallow up most of the business. It's competitive out there!

To: Jim McMannis who wrote (6721)	11/13/2002 2:22:50 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<I don't even like the name discounter.>> I don't either, for the same reason you mentioned. It's a convenient term, but not an accurate one. As for FSBOs, they were out in force when the market was hot the last two years. I don't know how many actually succeeded. I'm sure there will be a few more around trying to save money on selling their homes if times get real tough and their homes have lost value. Then, if the market stays tough for quite a while, the FSBOs will disappear altogether and will be fishing around for a broker to help them out of their jams.