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

To: deeno who wrote (6761)	11/13/2002 7:43:40 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

with the example you gave and the numbers I used, what could you be more effecient at? Off the top of my head, the 5% to the real estate office looks excessive. How many industries pay 5% to the "house"? I can't think of any. Lots of retail industries now don't even have 5% margins, and distributors are running at 1% or sometimes even less. Distributors produce color catalogs of goods and do mass mailings, too. How could someone who looks at the real estate market only when they want to buy or sell be as knowledgable as a full time 7 day a week successful agent? You want that lock of info I guess you have to pay up for it. Want to learn it on your own? Go to the interent and reinvent the wheel. for the amount of "error" you might make paying the full boat might be cheap. I said "Maybe" some on theis thread dont need the help, they already "know" the market for their stuff. Agreed for the most part... except that (imo) if more info was available on the net, there'd be lots of armchair knowledge that doesn't exist now wrt the transaction itself. For example, I know what houses cost in my neighborhood, and what I am willing to pay. What I don't know is what the process is to buy a home... inspections required, names of inspectors, appropriate costs etc. This would be my main motivator for using an agent and paying a full fee. In the past I would have added loan info to my list of "unknowns" but now the internet has broken that wide open. I don't need an agent to refer me to some loan broker, I can get the data myself (and would prefer to)... if we can get the real estate transaction process out in the open like the loan process has become, imo that would make a difference for those that feel they "know" the market. Lizzie