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Yep-Get your e-broker. Do a little e-advertising. Then get your e-loan. Then everyone not show up to the closing because its being handled by an e-attorney.
Maybe an e-proxy to live in your e-sold home??
Do FSBO's workout successfully? Yep-Daily. But I sure would like to see the news coverage showing the trials and tribulations and failures of the the ones that don't. I would guess that this would be the majority of FSBO's.
Just a guess.
Bill
Such a study would be much more interesting in a more conventional city. Madison is an act to itself. Milwaukee say or Tucson.
It also has an active and large FSBO web site...a thing not seen a lot of places elsewhere.
I have to read it but I understand most were compensating buyers agents.
Note that entry into most MLSs for a sharply reduced fee is possible. Pay up front.
There are also fixed price deals such as help-u-sell. Note though that now you have paid 3% to the buyers agent and 1 to 1 1/2 percent to the liisting agent so you are now working on a 1/2 to 1 1/2 percent difference. A conventional agent may well be worth more than that.
Note that the latest numbers show the average commission paid has gone from 5.1% to 5.2%. First rise in some years. Thought to be driven by the difficult market out there. FSBO gets harder in a Buyers Market.
I think the time for the RE Agents to lose their leverage has come and gone. The profession could still use some cleanup and an upgrade of the requirements to practice would sure be rational. I, for instance, would like to see an apprenticeship where one has to do 20 transactions under the tutelage of an experienced agent before striking out on ones own. Newbys are dangerous and should not be released on the public.
Butr it appears clear that the internet helps agernts...it is not going to supplant them.
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Madison is not the USA
