The stats are out supporting something we Real Estate Professionals have known all along. That as a market gets tougher, as buyers are harder to find and motivate, and as financial qualification for a loan becomes more difficult, more owners turn away from self representation to hiring a professional: and generally not just a part timer either, the very best there is.
I have blogged about the difficulties of self representation before, but the point here is that despite recent years, one company FSBO Madison had almost cornered the market on FSBO, and was admittedly doing well, at one time capturing 30% of the market in June 03.
Here is what has happened since
year
|
2003
|
2004
|
2005
|
2006
|
2007
|
2008
|
2009
|
2010
|
2011
|
%mkt
|
22.5
|
21
|
18
|
13
|
9
|
8
|
9.5
|
7
|
5.5
|
What we see is a steady decline since that time and so in August 11 the company accounted for only 5% of the market sales.
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RealEstateGuy has been a full time, full service Realtor since 1993. He is dedicated to helping people achieve their Real Estate Goals and dreams. In order to provide more specialized service, Guy selected a team of specialists. Guy believes in constantly learning more, so regularly attends national seminars and trainings. Guy has been a top producer, leader in his office, a president of the Wisconsin chapter of CRS, and has spoken at State Realtor Conventions.
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