(PRWEB) July 21, 2006
The real estate industry often gets a bad name and it's not always deserved but it's pretty unusual for a week to go past when you don't see some type of property scam or similar all over the current affairs news and these are only the ones we hear about.
Real estate agents are guilty of a multitude of sins every day of the week every week of the year. Many will climb over their colleagues to get listings, accept under the table kickbacks for just about any add on service they can, put their own interests ahead of their clients both buyers and sellers. When listings don't sell quickly it is not uncommon for an agent to pressure a seller into price reductions while at the same time asking for more money to market the property. Many agents will pretty much say and do whatever it takes to get a listing (including inflating the list price) then go to work on the seller trying to reduce the listing price after they have an agreement to act. If you use an agent then do your homework and try and get one on referral from a trusted source - they are not all bad.
Thanks to the internet and changing habits of people there are alternatives for those who are willing to take on the role of the agent when they decide to sell their own property. Why not pocket the expensive commission and marketing budget you would normally pay the agent? Why not use a good FSBO website? Properties are selling online from free real estate sites every single day. Are we seeing a shift in the role of agents in the traditional real estate transaction? Are you the type of person who can handle selling your own property with confidence? If your prepared to try using an online service you stand to save thousands in commissions and marketing fees which gives you more scope to negotiate price, terms and conditions with potential buyers.
Your also representing your own product with the greater product knowledge than an agent is likely to have. Owners are better positioned to look after their own interests, often agents will play buyers and sellers off against each other with their own financial interests central to the transaction, this is not an ideal situation for buyer or seller.
With a little market research a home owner can quickly educate themselves in the local market conditions and preferred marketing methods of the local agents, locate a good for sale by owner website online, take some digital photos and get started! The internet can deliver a lot of information to a potential buyer and even act as a conduit for price negotiation if needed. You can find real estate selling advice and tips online, general promotion and marketing advice, advice on getting your home ready for an open inspection day and then advice on selling, negotiating price and contract terms and conditions. Considering this it makes a lot of sense to do it your self, the agent will always be at the end of the phone if you don't succeed.
Is it possible to clean up the real estate industry? Unfortunately the human element will always be present and there will always be a few bad seeds that will bring the real estate industry into disrepute no matter how many regulations are put in place to try and clean things up.
Increasingly people are using the internet to harness the resources to sell property themselves, sellers have little to loose and thousands of dollars to gain. They will have total control and peace of mind knowing that they control the process from start to finish. Visit fastrealestate.net if your thinking of selling your property online.