One type of business model attracts certain types of buyers and sellers while other attract others. The reason is driven by each individuals needs and circumstances.
Today the real estate market has seen some major changes in the types of real estate selling and representation methods. Most of the companies are working very hard to preserve their share of the market.
Sellers only have one goal that is to sell their homes as quickly and easily as possible and for the least cost. Seller that try the For Sale By Owner route have found it to be very difficult because of the lack of knowledge and opportunity to expose their properties though marketing avenues traditionally reserved for real estate agents and brokers. Since 1995 the HomesByOwner.com website has been representing seller in a new un-traditional method. Today the method is seen as part of the marketplace.
Many Realtors encourage sellers to try and sell if they have the time and expertise to represent themselves. The reason they encourage the For Sale By Owner option is the agents think most sellers will not be able to represent themselves for the time frame it takes to sell in this market.
Something that has changed is the training and workshops being offered to improve the selling opportunity for most For Sale by Owner sellers.
Realtors will always have the majority of the market representation but seller opportunities are growning, the Internet has become the number one source for buyers to start their home searches. This means that high profile websites like HomesByOwner.com/Lansing will play a large role in the buyers search.
The models for each type of representation are part of the overall market. It will be interesting to watch as the market shifts and turns.
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