Mis-Information in the real estate marketplace.
Just talked with a real estate agent who covers the Innisfil area about the growth of the for sale by owner listings. It seems that if you do the "I hear nothing, see nothing" approach then yes, the fsbo market would not even look like competition to the mls. Many agents view people who list on for sale by owner sites as "mis-informed" on how to sell. That fsbo's really do not understand how to sell, or how to establish a market price or qualify a potential buyer. And that is my point, old school agents ( people who view fsbo's as a non-entity when compared to the real professionally trained agents) really do not understand the biggest change to the real estate market since the introduction of the internet. I have heard countless agents put down fizbos saying that they really don't do or sell much when compared to the mls.
Well times change. With for sale by owner listings in the Barrie / Orillia and Georgian Bay areas growing by 80% last year and the mls by 8%..which is the one to watch? Which is the one to learn and study from with a "new young set of eyes"?
I used to look at the classified sections of the newspapers on weekends to find real estate...now I look on the internet. Need I say more...
Here is a great article to reinforce the change coming to the real estate market http://www.macleans.ca/article.jsp?content=20070101_138997_138997&source=srch
As well as this one which views the strength of the old school thought:
http://www.canadianbusiness.com/columnists/larry_macdonald/article.jsp?content=20070830_155214_4940
Homes by The Owner
Your For Sale by Owner Team in
Georgian Bay, Simcoe County, Midland Penetang,
Orillia, Muskoka County, Grey Bruce and Parry Sound Real Estate districts
http://www.manainvestments.com/
http://www.sixstepstosuccess.com/
Just listed 88b Bernick in Barrie Ontario.
A fantastic 4 bedroom, semi-detach bungalow that is walking distance to RVH and Georgian College in Barrie Ontario. Wood floors on main level, updated and reno'd kitchen, finished basement with second kitchen; great for student apartment. Separate laundry facilities as well as a fenced in backyard with small storage shed. Walk to corner of Grove and Duckworth Tim Hortons!!
Listed at only $239,000.
For more info go to: http://www.homesbytheowner.ca
Plus we have many more homes to view in the Midland, Orillia, Muskoka, Collingwood areas
Homes by The Owner
Your For Sale by Owner Team in
Georgian Bay, Simcoe County, Midland Penetang,
Orillia, Muskoka County, Grey Bruce and Parry Sound Real Estate districts
http://www.manainvestments.com/
This is going to be the first of many discussions on why people should consider listing their home on a for sale by owner web site and especially an fsbo site like www.homesbytheowner.ca is the obvious, the huge potential savings on realtors commissions. The cost of advertising on homes by owner versus your potential for return of saving $10,000 or more in commissions is certainly worth the effort. And what is the effort? You have to book your own showings and deal directly with potential buyers. And yes for some this may be a hassle. But the end result of saving thousands in commissions on the sale of your home may be worth it for you in the end. Besides homesbyowner provides the signs, and marketing materials just like a regular mls listing agent would do to help you in dealing with the public. So what have you got to lose...you can always list on the mls after.
Homes by The Owner
Your For Sale by Owner Team in
Georgian Bay, Simcoe County, Midland Penetang,
Orillia, and Parry Sound Real Estate districts
http://www.manainvestments.com/
We would like to welcome our first for sale by owner listing listing!! Yes sireee folks we are officially in business. http://www.homesbytheowner.ca is now in business. However we must say that our official launch date will be April 1 2008. However this is a god sign to get our first listing so soon. This multi-residential 12 plex apartment is situated along the Orillia to Midland corridor along highway 12. The small, sleepy community of Warminster is 8km from the turn off exit at Hwy 11and 400 in Orillia. It is home to the Warminster Post Office, has parking and laundry facilities as well 4 x 2 bed apartments and 5 x 1 bed apartments. Financials are provided upon request.
This for sale by owner 12 plex in Orillia Ontario is asking $599,000.00.
Homes by The Owner
Your For Sale by Owner Team in
Georgian Bay, Simcoe County, Midland Penetang,
Orillia, and Parry Sound Real Estate districts
http://www.manainvestments.com/
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