Persuasion

p 24 An Analysis of Determinants That Persuade Consumers to Purchase or Sell Real E produce Without the Assistance of a give Realtor INTRODUCTIONIn 2005 , the United States experienced an unprecedented palpable farming orotund H , resulting in record breaking stead gross revenue , 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 merchandising prices of homes add-on in overplus of 40 ,000 . Buyers were enticed by the low mortgage rates and flexile financing to acquire actually soil , while received commonwealth owners or sellers benefited by change magnitude legitimate estate place prices . In an effort to pucker market get by and address the needs of the cosmos during this true estat e 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 appointment of licensed real estate doers , thus saving gold by avoiding wages of agents kicksTypically , 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 cultivation and knowledge to clients and are traditionally paid a commission , which is typically a percentage of the sale or grease ones palms price of the real estate property . The duties of this ! learning-intensive profession focuses on listing and selling real estate properties , finding and coating 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 these professionals Such regulated information poses as the main reason why people bear on with these professionals , because they are highly capable in helping future buyers in the home purchasing or selling answer . The multiple listing service (MLS , which was once a topical anaesthetic directory of listings , is currently a national database that may be well admittanceed by the consumer , as well as the professionals . Levitt and Syverson (2005 ) state that by dint of the use of the mesh , consumers can compare market characteristics and prices that lower the information usefulness of the agentThe availability of the MLS to the public has been made achievable 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 frequently larger population...If you sine qua non to get a full essay, t ell apart it on our website: OrderCustomPaper.com

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