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Is Too Much Information Available on the Internet?

Some of the older agents believe that there is too much information provided free on the internet relative to real estate. The fear that with all the free information, a buyer or seller does not need an agent.

I take a different view. It is true that as many as 80% of the buyers start their home search on the internet and many of the sellers research the value of homes and the selling process on the internet and then attempt to price their house and sell their house on their own. As far as the latter, most of the sellers that try to sell their houses on their own eventually list with an agent. The primary reason is probably exposure. Once listed with an agent in the Multiple Listing Service, a house is immediately seen by all the agents in the area. Most real estate offices also spend a lot of money on print advertising and through the internet. An individual just cannot afford to do that.

Most buyers do start their home search on the internet to find out what is available and at what price. However, most also contact a real estate agent once they get serious. An agent can search through the MLS to find the right home for a buyer, check out any disclosures to see if there are issues with the house, tell a buyer about the area that a home is located and set up showings. Problably the most important thing that an agent provides is his or her experience in the law, negotiating and problem solving. Most closings go through without any major problems, but if a major problem occurs, an experience agent can negotiate and solve the problem.

If I can help you in marketing your house or finding you the right home, please give me a call and let me explain how I can help you.

Posted Monday Jun 16

Good Post, the public is never to educated, the more they understand the easier our job will be.


Have A Great Day

( 08/05/08 09:30AM ) — Illinois Mortgage Lender Greg Zaccagni

I think the intenet has speeded up the sales cycle which is generally a good thing.  The downside is that many consumers now resent paying realtor fees because they no longer need the gate keeper to MLS information.  I think it causes realtors to need to shift their focus to the negotiating skills & perspective they can bring to their clients.  The internet has done the same to loan originators.  With companies like Ditech making mortgage loans appear just a phone call away, we are forced to show them how we can provide better value than online companies.


Here are some of my blogs on this subject for your consideration.


Is your Adjustable Rate Mortgage (ARM) a monkey on your back?


What's a "historically low" mortgage rate?


People Are Smart - When it comes to questionable mortgage advertising


www.MortgageAdvisor.info

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