Mish's Global Economic Trend Analysis: The Changing Business of Real Estate (Part 1) - 0 views
-
Like it or not (and the NAR doesn't like it one bit) the business of buying and selling a home is changing
-
Joe Fox said the percentages in Iggy's Facts come straight from the NAR. So if 64% of home buyers find a home without the help of an agent (24% online and the rest driving around neighborhoods or by other means),
-
BuySide Realty operates on the principle that people who find the home they want to buy should get paid for their effort. So BuySide actually shares with the buyer 75% of the commission
- ...12 more annotations...
-
a $500,000 home with a 6% commission spit equally, BuySide Realty would return $11,250 to the buyer of the house. If the commission was split 4% to the buyer's agent (not uncommon in this market) BuySide Realty would return $15,000 to the new home buyer
-
BuySide keeps the other 25% for providing expert advice
-
Once you register you can print out a business card to hand to the agent at any open house you attend. BuySide will also arrange appointments on your behalf
-
BuySide agents are paid a regular salary as opposed to the commission based structure
-
distinguishing feature of the BuySide model is pre-approval not just pre-qualification. Before scheduling a private showing on any listing in their system, a buyers must be pre-approved. If someone can not afford a house they want to look at, it simply will not be shown
-
Currently BuySide is doing business in 5 states: Illinois, California, Florida, Virginia, and Georgia
-
in another article as of april 5-07. buyside is ready to do business in washington state and texas. t.s. cbww
-
-
Buyside expands to all 50 states, that is going to result in a big dent in the pockets of real estate agents as buyers flock to take advantage of BuySide's significant improvement over the current business model
-
These changes will dramatically affect the current real estate commission structure and who benefits.
-
Joseph Fox, CEO of both BuySide Realty and its sister company IggysHouse
-
"In contrast, our model is based on service, customer satisfaction, and trust".
-
BuySide will be rolling out additional states soon and eventually plans to be in all 50 states.
-
Tomorrow we will take a look at the sell side of the equation from BuySide's sister organization known as Iggys. I will have some final thoughts at that time as well. Stay tuned.
-
Hallo guys. I am very happy to share here. This is my site. If you would like to visit here. Go ahead. I've made About a $ 58,000 from my little site. There is a forum and I was very happy to announce to you. I also provide seo service. www.killdo.de.gg www.gratisdatingsite.nl/ gratis datingsite datingsites www.nr1gratisdating.nl/ gratis datingsite gratis dating
