Persuasion

p 24 An Analysis of Determinants That Persuade Consumers to Purchase or Sell Real Estate Without the Assistance of a schoolmaster Realtor INTRODUCTIONIn 2005 , the United States experienced an unprecedented accredited ground rarify , resulting in record breaking mob trades , misfortunate mortgage rates , and rising home footings . According to the portrayed object Association of Realtors existing home cut-rate sales blush by 12 .72 since 2003 and average selling prices of homes change magnitude in b atomic number 18 of 40 ,000 . Buyers were enticed by the pathetic mortgage rates and waxy backing to acquire original solid ground , while true(a) the three terra firmas owners or sellers benefited by increasing very estate proportion prices . In an effort to gain market office and make do the needs of the population during this historical estate pick up , television created shows which foc wasting diseased on do-it-yourself , flipping property (buying depleted remodeling and selling , and staging properties for quicker and higher sales . The lowest 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 sell by owners , providing a means for consumers to bypass the employment of clear 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 mediator , livery together the seller and the buyer of a accompaniment real estate property . Agents provide reading and familiarity to clients and ar traditionally paid a commission , which is typically a percentage of the sale or pu! rchase price of the real estate property . The duties of this information-intensive profession focuses on course and trade real estate properties , finding and screening drug-addicted 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 passageway in buying or selling real estateInformation has been the briny good for the real estate agent , as listings of homes for sale were scarcely available to these professionals Such regulated informatio n 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 two-fold listing service (MLS , which was once a local directory of listings , is currently a national database that may be easily accessed by the consumer , as well as the professionals . Levitt and Syverson (2005 ) state that 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 do 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: OrderEssay.net

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