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FSBOs doing better than Realtors!

By Tchaka Owen

Real Estate Agent with Galleria International Realty

June 09, 2007 05:01 AM

Here's an article that just popped up on CNN's Money site. I'm sharing it to get insight from everyone.

http://money.cnn.com/2007/06/08/real_estate/home_selling/index.htm?postversion=2007060814

I'm not surprised that this has happened given that each market is different. I'm just concerned that a lot of people are going to read it and think that they can now do it on their own. As we all know, those who put in the time and have the right resources are able to sell on their own. But the vast majority do not have the time and/or don't understand the ins and outs enough to sell quickly. I don't know that specific market but perhaps a 7-year study could benefit FSBO stats if a sellers' market were in effect for part of that time.

Is this article going to promote false hope?

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R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham

Bank of England (NMLS#418481) - Raleigh, NC

Bob Mitchell (NMLS#1046286)

Somebody else wrote about this yesterday and the study has some serious flaws! I've got a background in economics and I don't think that the study will hold up to peer review.

Bob Mitchell

ValueList Real Estate Services, Inc.

Jun 09, 2007 05:04 AM

ARDELL DellaLoggia

Better Properties Seattle - Kirkland, WA

Answer is some can and some can't. Some who can, don't want to. Same as everything else in life. The bigger message is that everyone wants a piece of this business, 60 minutes and CNN included. And they no longer want just the fun aspects like staging. They want find something that is actually newsworthy, so they are creating newsworthy stats.

Let the Feakonomics Boys play with it and have fun doing so. We all know it's all a bunch of crapola, whether the stats come from NAR or someplace else. Broad based stats are meaningless. But the industry clearly deserves the about play after all the stats they've printed in their favor for som many years.

Jun 09, 2007 05:18 AM

Linda Sanderson

Coldwell Banker Solano Pacific - Benicia, CA

I think their stats may not really hold up to scrutiny. Statistics can very easily be manipulated to do whatever you want. Reading the article it references the last 7 years. In our area, the market has been slowing down for about 2 years now, and all of the help u sell companies are starting to close their doors. FSBOs aren't doing any better.

Jun 09, 2007 05:24 AM

Rich Jacobson

Fathom Realty West Sound - Poulsbo, WA

Your Kitsap County WA Real Estate Broker

I just performed brain surgery on myself. The procedure went extremely smoove, wifouta snittch...eye gess kant reemembur mi nayim....

Jun 09, 2007 06:06 AM

Tchaka Owen

Galleria International Realty - Hollywood, FL

I want to thank everyone for contributing. I've been away from AR since my post and have just now been able to read the responses. And great final post by Rich. I LOL'd!!!! :-D

- Tchaka

Jun 11, 2007 11:11 AM

FSBOs doing better than Realtors!

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Tchaka Owen

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