Persuasion

p 24 An Analysis of Determinants That Persuade Consumers to Purchase or Sell Real Estate Without the Assistance of a maestro person Realtor INTRODUCTIONIn 2005 , the United States experienced an unprecedented accredited ground depart , resulting in record breaking mob barters , distressing mortgage rates , and rising home values . According to the visualised object Association of Realtors existing home cut-rate sales come up by 12 .72 since 2003 and average selling prices of homes change order in b atomic number 18 of 40 ,000 . Buyers were enticed by the pathetic mortgage rates and waxy pay to acquire original solid ground , while true(a) terra firma owners or sellers benefited by increasing very solidm space prices . In an effort to gain market office and regale the needs of the population during thi s real estate pick up , television created shows which foc intentiond on do-it-yourself , flipping property (buying broken remodeling and selling , and staging properties for quicker and higher sales . The dinero profit became an important tool for buyers and sellers , as well as third-party websites , foreclosure websites , and mixed auction websites . These non-traditional avenues for buying and selling real estate increased the popularity and social acceptance of the real estate properties change by owners , providing a means for consumers to bypass the employment of licenced real estate agents , thus saving money by avoiding earnings of agents commissionsTypically , the role of the licensed agent in the real estate transaction is to act as a intermediator , livery together the seller and the buyer of a particular proposition real estate property . Agents provide cultivation and knowledge to clients and ar traditionally paid a commission , which is typically a percentage of the sale or purchase price of ! the real estate property . The duties of this information-intensive profession focuses on be given and trade real estate properties , finding and screening strung-out buyers , show the real estate property , negotiating contracts and closing the sale (Muhanna and wolf , 2002 .

Regulated by state licensing laws , national professional organizations and national agencies for the protection of the consumers , these professionals are regarded as the traditional driveway in buying or selling real estateInformation has been the salty good for the real estate agent , as listings of homes for sale were scarcely available to these profess ionals Such regulated information poses as the main reason why people consult with these professionals , because they are passing capable in helping prospective buyers in the home purchasing or selling process . The seven-fold listing service (MLS , which was once a local directory of listings , is shortly a national database that may be easily accessed by the consumer , as well as the professionals . Levitt and Syverson (2005 ) state that through and through the use of the mesh , consumers can compare market characteristics and prices that reduce the information payoff of the agentThe availability of the MLS to the public has been make possible through the mesh . It is now possible to view property listings in the MLS from each computer that is connected to the Internet . This access has made it easier for say-so buyers and sellers to view properties reaching a much large population...If you postulate to get a full essay, order it on our website: BestEssayCheap.com

If you! want to get a full essay, visit our page: write my paper