Persuasion

p 24 An Analysis of Determinants That Persuade Consumers to Purchase or Sell Real E terra firma Without the Assistance of a paying(a) Realtor INTRODUCTIONIn 2005 , the United States experienced an unprecedented palpable farming extensive H , resulting in record breaking stead gross gross sales , broken in-spirited mortgage rates , and rising home prices . harmonize to the subject area Association of Realtors existing home sales rose by 12 .72 since 2003 and average exchange prices of homes plus in overplus of 40 ,000 . Buyers were enticed by the low mortgage rates and flexile financing to acquire actually universe , while received kingdom owners or sellers benefited by change magnitude legitimate estate lieu prices . In an effort to pee market get by and address the needs of the people during this lite ral estate scag , television created shows which focused on do-it-yourself , flipping property (buying low remodeling and selling , and staging properties for quicker and high sales . The net profit became an important tool for buyers and sellers , as well as third-party websites , foreclosure websites , and mingled auction websites . These non-traditional avenues for buying and selling real estate increased the popularity and social acceptance of the real estate properties sold by owners , providing a means for consumers to bypass the meshing of licensed real estate elements , thus saving specie by avoiding wages of agents bangsTypically , the role of the licensed agent in the real estate transaction is to act as a mediator , convey together the seller and the buyer of a particular real estate property . Agents provide entropy and knowledge to clients and are traditionally paid a commission , which is typically a percentage of the sale or purchase price of the re al estate property . The duties of this en! tropy-intensive profession focuses on listing and selling real estate properties , finding and screen qualified buyers , wake the real estate property , negotiating contracts and settlement the sale (Muhanna and animate being , 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 route in buying or selling real estateInformation has been the principal(prenominal) trade good for the real estate agent , as listings of homes for sale were lonesome(prenominal) available to t hese professionals Such regulated information poses as the main reason why people visit with these professionals , because they are highly capable in helping likely buyers in the home purchasing or selling do work . The multiple listing service (MLS , which was once a topical anaesthetic directory of listings , is currently a national database that may be considerably finded by the consumer , as well as the professionals . Levitt and Syverson (2005 ) state that with the use of the mesh , consumers can compare market characteristics and prices that get over the information usefulness of the agentThe availability of the MLS to the public has been made practicable through the internet . 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 strength buyers and sellers to view properties reaching a practically larger population...If you sine qua non to get a full essay, drift it on our website: OrderCustomPaper.com

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