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"Sell By Owner" Misguided Information from One Inside the Industry
I know that I am veering away from my second installment of Web 2.0 statistics but after reading this post (http://www.inman.com/blog/2008/05/2/take-it-agent-sell-owner) on Inman yesterday, I decided I needed to comment. In fact I URGE everyone and anyone of the real estate community to read this article, forward it, and make sure it is recognized what generalizations are made. In the post entitled, "Take it from an agent -- sell by owner", foreclosure and investment specialist Dr. Danielle Babb lays blame to Realtors and their commissions, for hindering the recovery of the real estate market. Babb has also written a post on her own blog (http://findingforeclosures.entrepreneur.com/2008/04/30/real-estate-agents-hinder-real-estate-recovery/) going further into depth with her theories and findings. As you would expect on both her blog and Inman, this posting has issued a peppering of posts from Realtors and discount brokerages alike condemning and praising Dr. Babb. In her article, "Real Estate Agents Hinder Real Estate Recovery" Dr. Dani starts the article by leading in with the following: But I have to say that agents-while protecting some home buyers and sellers-are adding an incredible amount of extra work and effort to the real estate recovery. Their added fees are creating inflated home prices, keeping sellers ... more

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