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Sarasota Real Estate Condos Show Positive Statistics - Inventory Down

Posted by Justin in Advice, Bradenton Real Estate, Buyers, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc., Statistics

 Sarasota,FL real estate house value index trend
(I like this graph.. Gives us a visual as to where Real Estate prices are compared to Volume.. I’ll continue to use this site to give us visuals as to what buying trends look like..)

This is a positive market published in the Herald Tribune noting the declining trend in condo inventories in Sarasota and surrounding outlaying markets. Sarasota’s local condo market lead the speculating buying frenzy that occurred in 2001-2003, so seeing these figures down sheds positive light on the overall depressing market. There are many reasons why these figures are down, noted below, but soaking this niche of the market is a Red Flag for positive trends to come. With the upcoming election & Bailout Programs floating around in Washington, its tough to predict what condition our real estate market will be in during the last quarter of 2010. However, Florida is one of the most desirable destinations, US-wide, to retire too which consistently drives demand. Read on..

Bright Spot in Bleak Condo Market

Inventories of unsold homes have been reduced since last year


By
Michael Braga
Published: Monday, October 6, 2008 at 1:00 a.m.
Last Modified: Monday, October 6, 2008 at 1:59 a.m.SARASOTA -The Sarasota condominium market, like practically every other condo market in the state, looks pretty bleak right now.Sales fell 30 percent to 1,510 during the nine months ended Sept. 24, from 2,160 during the same period a year ago, according to deeds recorded at the Sarasota County Circuit Court.The drop at the high-end marked was even more pronounced. Only 89 condos sold for more than $1 million during the first nine months of the year, representing a 43 percent decline from 157 in the first nine months of 2007.With the crisis in the financial markets, real estate agents do not expect the situation to improve any time soon.

“I see a further drop in sales and prices in the year ahead,” said Steve DuToit, who heads up Team DuToit for Keller Williams Realty in Sarasota. “How can that not happen? When people have uncertainty, whether it’s because of the economy or an upcoming election, they are less likely to spend.”

DuToit added that the drop in sales would impact the upper end of the market most.

“Look at the stock market,” DuToit said. “That’s a major factor. People who own stock are not feeling as rich right now. If declines on the stock market continue, it will mean further declines in buying high-end homes.”

The bright sideStill, there are more optimistic ways of looking at the condo market.Inventories of unsold properties in Sarasota are down 22 percent to 3,718 units from 4,756 a year ago. Though part of the drop is because of the new MLS system that eliminated duplicate listings, and part is because of people pulling their properties off the market after not getting the price they wanted, the descending number still has a positive psychological effect.At the beginning of September, Sarasota had a 106-week supply of unsold condos, compared with a 134-week supply at the same time a year earlier, statistics provided by Team DuToit show.In turn, the 30 percent decline in sales does not look so bad when one considers that no new condos came on the market in 2008.

“There were all kinds of complexes that were being completed last year, and those sales were being recorded,” said Cheryl Loeffler, an agent with Sky Sotheby’s International Realty in Sarasota. “This year, we haven’t had any condos come on line.”

Loeffler said that many of the 157 sales that occurred during the first nine months of 2007 were actually people who made their buying decisions two years earlier when the market was crazy.

As to the median price, it fell 6 percent to $220,000 in August from $235,000 during the same month a year earlier, statistics from the Florida Association of Realtors show. But Realtors say that the price drop is not a bad thing. It simply indicates that there are many more bargains to be had, and court records show that investors are out hunting.

Jonathan McCague, for example, bought three units — one at Central Park and two on Golden Gate Point — for a total of $480,000 in 2008, or about half what they were worth two years ago.

Similarly, Charles Vollmer bought units at Admiral’s Walk and Villa Rosa in Sarasota for $412,000, a savings of $140,000 from what previous owners paid.

There is no question investors like them will continue to see bargains in the year ahead, agents say, and they are most likely to find those bargains by following properties that have fallen into foreclosure.

Court records show that 438 condo owners defaulted on loans during the first nine months of 2008, which was more than double the 182 defaults that occurred during the same period a year earlier.

“All these foreclosures are why prices are so low,” DuToit said. “They are also what has created buying interest. If Dillard’s has a 50 percent off sale, you’re going to have a few people lined up at the door.”

Price is king these days.“Only 17 percent of properties listed on the MLS are selling right now compared to over 80 percent in a normal market,” DuToit said. “Unless you’re willing to price at a level that stands out from the market, you’re property is going to sit there for a while.” Foreign influencesReal estate agents have long been saying that Canadians and Europeans, with their stronger currencies, have been descending on Southwest Florida in greater numbers to scoop up the bargains. But that does not seem to be borne out by the numbers.Canadians and Europeans bought 156 properties during first nine months of the year, which represents roughly 10 percent of total condo sales in Sarasota County.Loeffler said Canadians and Europeans usually account for 10 percent of sales, and she has seen only a marginal increase from previous years.Court records show that Canadians and Europeans accounted for 14 sales of more than $1 million in the first nine months of the year compared with 12 during the same period a year earlier.

That may change in the year ahead, though, says Barbara Ackerman, a high-end buyer with Coldwell Banker Previews on Longboat Key.

“The Canadian dollar has dropped in value compared with the U.S. dollar,” Ackerman said. “A condo that would have cost them $625,000 last year costs them $675,000 now.”

Compared with U.S. buyers, however, Canadians and Europeans have been the only stable force in the market.

Floridian high-end buyers, for example, bought 54 percent fewer condos during the first nine months of the year compared with a year earlier. Midwesterners bought 56 percent fewer condos, while Northeasterners bought 24 percent fewer.

Agents say it is hard to stay positive about the year ahead given the turmoil in the nation’s financial markets. But they are trying.

“By nature, I’m an optimist,” Loeffler said. “I can’t believe it will stay dormant like this. I know people are out there value hunting.”
This story appeared in print on page D10

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Discount Realtors & Brokers May Be The New Trend In Home Selling??

Posted by Justin in Advice, Bradenton Real Estate, Buyers, FSBO, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc.

 

This article from the Inman News, is very critical on the Real Estate Industry’s Commission Structure. Anytime a business niche explodes with profits and benefits from Surplus Spending, a few things will happen. 1) The Media will Exploit the Profits made by this Sales Niche, then Here comes the competition (Everyone went out and got a real estate license front-loading competition) 2) Smaller Business will find ways to outprice the competition & bring more value to the consumer establishing their footprint in the market (This is what Shirley International Realty Inc. has successfully done..) 3) The Media will analyze, breakdown, criticize, & find ways to exploit the negatives in letting this Sales niche make extremely high profits (Hence.. this article..) I still list homes for 6-7%, while still bringing that Value to My Sellers. Sellers need different services for different reasons, so its more important than ever for Real Estate Brokers to communicate value to Real Estate Consumers.. A Discount Broker MAY be your best selling option.. Read on..

Wednesday, October 11, 2006
By Glenn Roberts Jr.
Inman News

The commission structure in the real estate industry is “an anomaly” that may inflate compensation for services rendered by tens of billions of dollars each year, according to an article published by the AEI-Brookings Joint Center for Regulatory Studies, which offers analysis and recommendations on regulatory programs.

The draft paper, “A Critical Assessment of the Standard, Traditional Residential Real Estate Broker Commission Rate Structure, suggests that consumers would benefit most from fee-for-service real estate companies that base compensation on flat fees, hourly fees and other specific payments for services rather than relying on a commission rate that is based on a percentage of the sale price of a home.

“Residential real estate brokers and salespersons have long quoted their fees as a straight percentage of a home’s sale price. This traditional formula, however, ill serves the interests of both home buyers and sellers, and is a primary reason why such fees may be inflated by, on average, more than 100 percent or $30 billion annually,” states the paper, authored by government lawyer Mark S. Nadel.

Not affiliated with the Federal Trade Commission or Justice Department and studying the real estate industry as an independent scholar, Nadel said he has also written about copyright, organ donation, affirmative action, and compensation for travel agents, among other topics.

Traditional real estate industry commission practices have come under fire from discount real estate companies and consumer groups, and government agencies have taken action against perceived anti-competitive behavior in the industry in an effort to preserve the option of low-cost and menu-based real estate services for consumers.

In a typical real estate transaction, the agent who enters into a contract with the seller receives a commission that often ranges from about 5-7 percent of the sale price. This agent typically shares about half of the commission with an agent who brings a buyer to the transaction.

Nadel said that experienced real estate brokers may actually stand to gain income over traditional commission rates by charging a fixed rate or hourly rate for services. “Some brokers are, I have no doubt, worth $500 or more per hour — comparable to the best lawyers, the best accountants,” he said.

Nadel said he agrees with Julie Garton-Good, a real estate educator, author and broker, who has said that agents often give away what is most valuable while charging for relatively routine tasks.

“That’s backwards and should be flipped around,” Nadel said. “Most other groups charge for expertise and their advice. I’d like to consult with somebody who has expertise.”

There are some very big obstacles standing in the way of changes to the structure of real estate compensation, Nadel said. “The National Association of Realtors and traditional brokers understandably want to protect the revenues they are making.”

There is intense competition in the real estate industry, Nadel said, “but it’s not on price.” Citing the example of the airline industry, Nadel said that consumers and new companies are the beneficiaries of price competition while traditional airline companies and their employees have “suffered tremendously.” Traditional real estate brokers, he said, don’t want that to happen in their industry.

“The main point of my article … is that the percentage basis is not defensible in my view. It is both too low and too high,” he said. A percentage-based commission provides an incentive for agents to sell homes quickly because compensation is based solely on the sale price rather than on the time, effort and marketing dollars that agents pumped into the properties, he said.

While the multiple listing service is a valuable tool used to list information about for-sale properties, Nadel said he believes that the MLS should be operated more like a public utility. “If MLSs continue to be operated to favor brokers over consumers, then a new entity, like Google, may displace the current NAR affiliates with a more inclusive MLS,” he states in the draft article.

Consumers are largely unaware of the compensation practices in the real estate industry, Nadel said. “I believe a large portion of buyers still think that their buyer-broker is paid by the seller, not by them … the money is coming from somewhere.” And consumer education about industry compensation practices may be the primary driver for changing the commission-based system, he said. “That will create tremendous market pressure.”

A consumer who earns $30,000 a year in salary might question why the real estate broker who assisted with a home purchase is worth the $15,000 commission collected in the deal, for example, he said.

While some real estate agents working for traditional brokerage companies have in some cases discouraged clients from working with discounters such as limited-service and fee-for-service real estate companies, Nadel contends that the concept of a “full-service” real estate company is ambiguous — especially when the so-called full-service companies work to discourage consumers from considering all available properties rather than those properties that would generate the most compensation, he said.

“Nobody is enforcing this rule that says your fiduciary duty is to the buyer,” Nadel said. “Right now there are new entrants that are using the fee-for-service (model), but there are a couple of problems that they are facing. One is that if I list with a broker who is charging me less and offering less than the 3 percent (commission), you have a lot of traditional buyer’s agents who will not show that property.”

In his article, Nadel compares the real estate industry’s commission practices to those of the funeral industry as exposed in the 1963 book “The American Way of Death,” which found that families arranging for funerals “were regularly asked to pay a single price for a bundle of services, many of which they did not need or want.”

The traditional rate structure in the real estate industry has “serious drawbacks and a lack of economic justification,” Nadel charges in the article. “Consumers would be substantially better off if residential brokers used fee structures similar to those used by professionals in other advisory/consulting service fields, such as law and accounting.”

In making a case for an a la carte rate structure for the real estate industry, Nadel states in the article that the local MLS “appears to be the a la carte offering most desired by sellers,” and “some believe that fixed-price access to MLSs is inevitable” while the National Association of Realtors trade group “and its supporters … are adamant in refusing to permit the MLS to be treated as a public entity, which would facilitate price competition.”

Some newspapers maintain searchable online databases with information about for-sale properties, and these online sites along with others such as craigslist.org or Google could function as quasi-MLSs, Nadel said. Even if a national, aggregated list of for-sale properties is created, “agents will still be valued for their early knowledge about homes about to be listed, particularly agents who monitor local news about divorces, retirements and relocations, and are even willing to contact owners of homes that may be ideal for a buyer even though they are not for sale,” the article states.

Steve Cook, a spokesman for the National Association of Realtors, said in a statement, “MLSs should not be treated as public entities because they are not public entities. They are private databases, and are no more a public Web site than Inman News Service. Most are owned by nonprofit boards of Realtors, which spend millions on their operations. They are legal, comply with antitrust law, and are a vital force for competition in the real estate industry today.”

He added, “MLSs are a powerful force for competition. They level the playing field so that the smallest brokerage in town can compete with biggest multistate firm. The MLS makes it possible for a listing placed by the newest rookie Realtor to reach just as many prospective buyers as a seasoned professional. Buyers and sellers can work with the professional of their choice, confident that they have access to the largest pool of properties for sale in the marketplace.”

As for Nadel’s recommendations about changes to the real estate compensation structure, Cook said, “We don’t comment on different business models or commission structures used by our members.”

The article states that there are many agents who are willing to provide real estate services for flat fees of less than $5,000 per transaction, agent costs per transaction do not appear to be directly proportional to the varying level of house prices and commission compensation, and brokers in other countries charge “much lower fees for providing similar services.”

More price competition in the real estate industry “could very possibly reduce total revenues for brokers precipitously, by $30 billion or more annually,” the article states. “This gives traditional brokers a strong interest in resisting this result.”

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Florida FSBO’s Should Advertise Home Overseas - Stats Show

Posted by Justin in Advice, Bradenton Real Estate, Buyers, FSBO, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc., Statistics

 

Florida Association of Realtors put out a great article stating the recent numbers of International Buying of Florida Real Estate. Foreign buyers still have a favorable value in currency, compared to the dollar, so blending this fact with Florida’s quality of life makes your most sensible advertising dollar and time spent marketing your home on international websites.. Read on about Florida’s Realtors facts & stats on international buyers new footprinting trend on Florida turf..

Study: Foreign homebuyers favor Florida in greater numbers

ORLANDO, Fla. – Sept. 23, 2008 – While a number of factors have contributed to a home sales decline in Florida, an increase in foreign homebuyers has modified the trend, according to a just-released research paper from the National Association of Realtors (NAR), the 2008 “Profile of International Home Buying in Florida.”

Foreign buyers recognize U.S. real estate as a desirable, profitable and secure investment. In addition, the weak dollar has made U.S. real estate an even more attractive investment.

NAR, in cooperation with the Florida Association of Realtors, conducted a survey of Florida Realtors, asking them about their experience working with international clients. This survey was conducted in August 2008, with a total of 4,859 responses received from Realtors who had completed more than 4,000 transactions involving a foreign buyer during the previous year.

More than half (53 percent) of the Realtors reported that they worked with an international client in the past 12 months. The typical Realtor in this group worked with three international clients, and about one in five (17 percent) worked with six or more international clients in the past year. More than one-quarter (28 percent) had one international client who purchased a property, and 15 percent reported two transactions within the past 12 months. Nearly one in five Florida Realtors who worked with international clients completed at least three home sales transactions.

Significance of the international market

One in 10 Realtors (12 percent) reported that an international client base made up 50 percent or more of their business. Half indicated that international clients accounted for 25 percent or less of their business.

The survey also asked FAR members if they’ve seen any change in their number of foreign clients. One-third of respondents noted an increasing share in the past two years, while just over half (52 percent) said that their share of international clients remained stable, neither increasing or decreasing.

Where they’re from

Although homebuyers come from all over the world, buyers from a few regions and countries had a higher demand for Florida property. FAR members reported that Canada buyers account for 27 percent of recent sales among foreign buyers. Buyers from the United Kingdom accounted for 21 percent; and the rest of Western Europe accounted for an additional 25 percent.

Latin America – defined for the report to include Mexico, the Caribbean nations, Central America and South America – accounted for 17 percent of recent sales to international clients. In addition to Canada and the United Kingdom, countries with a small but significant share of sales included Germany (7 percent), Venezuela (5 percent) and France (4 percent).

Where they bought

The Miami-Fort Lauderdale area was the most frequently reported location of a home purchased by a foreign buyer in Florida. One in five (21 percent) bought a home in the area, followed by one in 10 (11 percent) who purchased a home in the Orlando area. Sarasota, Tampa, Fort Myers and Naples rounded out the top six, accounting for at least 5 percent of purchases by foreign buyers.

The remaining 39 percent of purchases were in other areas of Florida.

The complete 23-page 2008 “Profile of International Home Buying in Florida” survey can be downloaded in PDF format from FAR’s Web site, floridarealtors.org, at: http://www.floridarealtors.org/LegislativeCenter/Research/index.cfm

© 2008 FLORIDA ASSOCIATION OF REALTORS®

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Flat Fee MLS Listings - Advertise Your FSBO with Shirley International Realty

Posted by Justin in Advice, Bradenton Real Estate, Buyers, FAQ, FSBO, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc.

 FlatFSBO Benefits with 40+ Listings

 Shirley International Realty Inc. has made a complete portfolio out of our Flat Fee MLS Listing Service. We are now servicing Flat Fee Listings all over the US! That’s right.. Our Listing capabilities have Spanned outside of Florida and we are now listing homes in every niche & pocket of the country.. Maine, Rhode Island, Vermont, California, & Maryland are the top 5 states, not counting Florida, where we’re listing homes, so FSBO’s from all of the country are now experiencing the benefits of our Flat Fee MLS Listing Service. Discount Brokerage is on the rise as the Economy remains slow, & Shirley International Realty’s growth has never been better.. Expansion will continue as we focus on Macro MLS coverage..

Along with our expansion and growth comes responsibility to offer bigger and better services.. Now, when you list with Shirley International Realty Inc. through the Flat Fee MLS Listing Service, you have the option to upgrade your listing coverage to the top 30 Real Estate Websites on the Web. Developing positive relationships comes easy with the optimistic personality’s in our firm, so we’ve pulled together a syndication of the most highly-searched Real Estate websites on the Web & bring them to your Listing.. Couple your MLS Listing with our “Web Explosion” Package & Sell your home quicker by receiving more traffic.. Marketing is the key to finding a buyer for your FSBO home, & nobody does it better than Shirley International Realty Inc.

Learn more about a few of the Websites we advertise your For Sale By Owner Home on, when you list through our Upgraded Flat Fee MLS Listing Package.

CityCribs Listings

CityCribs is a New York Based marketplace for real estate attracting visitors looking to buy, sell and rent properties. CitiCribs has quickly grown into a national housing marketplace driving thousands of daily visitors.

New York Times Listings

NyTimes.COM , the No.1 newspaper website in the US, and the Great Homes network of newspaper websites, including The Boston Globe, The International Herald Tribune, The Sarasota Herald Tribune & The Santa Rosa Press Democrat, extends to reach approximately 36 million unique visitors/month.
 

 Point 2 Homes Listing
Neighborhood-based research, intuitive design, & rich listing content make Point2 Homes a successful and growing source for buyers and sellers to list & sell Real Estate.

SecondSpace Listing
SecondSpace, Inc. w web platform and online services company and has a bold yet distinct mission: to connect people with everything they need to make the most of their “home away from home”.

Unique Global Estates Listing
The World’s Largest showcase for homes selling $1 million and above. For Luxury homesellers, it is a marketplace that understands the presentation of luxury homes & estates.

House Hunting Listing
Househunting.ca is part of the Canada.com Network operated by CanWest Interactive, a division of CanWest MediaWorks Publications Inc.

 CLRSearch Listing
CLRSearch.com is a real estate search engine that provides a data rich environment to explore listings, community demographics, & other data relevant to one of the most important decisions in your life.

Google Listing
The World’s #1 search engine, Google’s mission is to organize the world’s information and make it universally accessible and useful. Google Real Estate is searched by homebuyers all over the globe.

Craigslist Listing
Craigslist is a centralized network of online urban communities, featuring free classified advertisements & forums sorted by various topics.

HotPads Listing
Hotpads is an innovative map-based search site for rental housing.  

 Oodle Listing
Oodle is a leading search engine for local classifieds with over 17 million acive listings. Oodle powers the classified search on the following sites: Lycos, Express.com, The Sun, Yell.com, & Local.com

 Yahoo Listing
Yahoo! Inc. is one of the most tafficked Internet destinations worldwide. View Listings on Yahoo!

Condo.com Listing
Condo.com is a global advertising portal for condos attracting over 15 million views per month.

Vast Listing
Vast is a database of classified ads that uses advanced technology to parse and tag ads for better search.

Front Door Listing
HGTV’s FrontDoor.COM can help you find a place you can truly call home and make informed, smart decisions about buying, selling, relocation, & home finance.

Beat you There Listing
Users are alerted when properties that match their search criteria become available.

The Housing Pages Listing
TheHousingPages.COM is designed as a central resource center for consumers looking to buyer or sell a home.

Trulia Listing
Trulia is a residential real estate search engine that helps consumers search for homes for sale, trends, neighborhood insight, and other real estate information directly from real estate agents & broker websites.

Zillow Listing
Zillow.com is an online real estate service dedicated to helping you get an edge in real estate by providing you with valuable tools & information.

Cyber Homes Listing
Harness the power of Cyberhomes & AOL Real Estate to display your listing & get more consumer traffic. With access to more than 100 million property records, Cyberhomes delivers the information consumers are looking for—home valuations, neighborhood and school information, aerial and heat maps—with many more hot features added regularly.

Clickable Listing
The Clickable City Directory provides real estate listings and all zip codes throughout the United States. Its reach is national, its focus: purely local.

Video Homes Listing
VideoHomes.COM LLC developed The Video Homes Network as a GEO Vertical Search portal that brings consumers to georgraphic specific real estate destinations in a media-rich local atmosphere.

HomeScape Listing
Homescape provides local, comprehensive property listings and rich content to home buyers and sellers nationwide, while delivering a suite of advertising solutions that offer choice and results.
 

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Flat Fee Brokers & A Changing Real Estate Industry

Posted by Justin in Advice, Bradenton Real Estate, FSBO, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc.


(I Still list homes for 6%, but I can justify my Fees.. I provide the most Quality Listing Service with More Marketing than Any of My Competition.. Its time to Earn the 6%.. Sellers & Buyers Are more savvy than ever.. Realtors Roles in the Selling Process is Definitely Changing..)

Below is a great article I found on a Changing Real Estate Industry and the perspective from a discount broker.. The business is changing, and buyers have more options that ever to find their dream home.. While there still is a need for a Real Estate agent, our Roles are changing.. 

By Rick O’Neil, president of Help-U-Sell Real Estate.

The Wall Street Journal printed a strong editorial, “The Realtor Racket,” on Aug. 12, 2005. It touched on a key issue in the battle to preserve traditional real estate commissions – the welfare of consumers. And the question arises: ‘Does innovation hurt the educated consumer?’

Innovation frequently spawns conflict. Traditionalists try to turn back the clock or at the least try to stop it from advancing, protecting themselves from change that impacts the status quo. This is what appears to be happening in the real estate industry today.

Traditional real estate brokerages, feeling somewhat overwhelmed by alternatives that allow for more consumer involvement in the selling process, seem to be using their ‘muscle’ to stem the rise of innovative competition. What they are missing is that this ‘phenomenon’ – if you want to call it that – is being driven by consumers.

We certainly encourage all real estate professionals to support the National Association of Realtors as their trade association and representative at many levels. However, we urge the NAR to remember what happened to the investment industry when eTrade entered the picture. It didn’t put stockbrokers out of business, but it did change the industry. It expanded choices for investors who now could become very involved with their portfolio management or entrust it to an advisor.

We also would ask the NAR to remember that its membership is comprised of many of the brokers and agents who have taken the lead in establishing alternative models. They pay their dues and they adhere to the code of ethics to which the NAR subscribes. They are licensed professionals who believe that they can do their jobs, serve consumers, make a nice living and do it all while saving consumers money.

As a professional who has worked both in the traditional and the alternative realms of real estate, I’ve seen the tide turning for years and in 1999 realized that alternative real estate models made sense. I watched as companies launched strategic initiatives to offer their clients better service, greater efficiency and savings.

Regarding the issue of consumer protection, consumers protect themselves by educating themselves about the differences in the options that are now available to them.

For example, discounters offer a reduced fee but they need to find out if the service is reduced along with the fee. If so, what exactly will they, as home sellers, have to handle in the transaction and what degree of support should they expect? 

Set-fee companies, on the other hand, list a home for a fee and then handle all of the advertising, buyer negotiations and paperwork involved in the transaction. The homeowner usually opts to show the home himself/herself.

An Internet company allows a homeowner to list the property on its site and will even put it in the MLS, but that’s it, usually.

If consumers are aware of the benefits and drawbacks of each option, then they should be free to make the choice.

As consumer-driven alternative models become more user-friendly and the real estate industry becomes more accepting of the idea, brokerages will have to adapt. In 1999 there were fewer than 150 set-fee real estate offices nationwide, and they were operating mainly on the West Coast. Today there are well over 1,500 operating in virtually all 50 states, and I believe that this group has the potential to exceed the 2,000-mark by year-end.

Recently, even a traditional real estate giant launched an alternative initiative, hoping to recapture sellers that are slipping through ever-widening cracks.

The reason for the growth of this segment: Consumers are confident that they can participate in the sales of their homes, and they like saving money. They’re meeting with success when they opt for an alternative approach to the sales transaction.

While Help-U-Sell is not affected by impending legislation, we are opposed to any limitations on consumer choices, as well as any legislation that limits the introduction of innovative services.
 

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Florida Flat Fee MLS Listings- We Service All Counties in the State of Florida!

Posted by Justin in Advice, Bradenton Real Estate, Buyers, FAQ, FSBO, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc.

Shirley International Realty Inc.’s Flat Fee MLS Listing Service has become so popular, we’ve expanded and now list property in all Florida Counties.. Each Realtor Assocation has its own Specific MLS, but we’ve noticed that many of these Associations combine & offer similar MLS’s.. Our Flat Fee MLS Listing Niche has been very particular in the Associations we join, but have now teamed up with a number of affiliates and can service any Flat Fee MLS listing in the State of Florida for $199.. This service provides maximum FSBO exposure through MLS advertising and has shown to be the most cost-effective way for For sale by owner, of FSBO, to sell their home.. I’ve laid out below the individual associations and particular MLS’s that each County in the State of Florida services for their particular branch of Realtor Association.. If you have a home located in a county below, call us today to get your home listed on the Multiple Listing Service..

Mid-Florida MLS
Sarasota
Manatee
Hillsboro
Orange
Osceola
Polk
Seminole
West Volusia
Lake
Charlotte
 
Southeast Florida MLS
Miami-Dade
Palm Beach
Broward
 
Northeast Florida MLS
Duval
Clay
Putnam
St. John County
 
Flagler MLS
Flagler
 
SpaceCoast MLS
Brevard
 
Daytona Beach & Area MLS
East Volusia County

Sunshine MLS
Collier County
 
North Florida MLS
Columbia
Suwanee
Baker
Union
Lafayette
 
Innovia MLS
Hernando
 
Ft. Myers MLS
Lee
Hendry
 
Gainesville MLS
Alachua
 
Greater Nassau MLS
Nassau
 
Pinellas Realtor MLS
Pinellas
West Pasco
 
Paragon MLS
Leon
Walkula
Gasden
Jefferson
 
Highlands MLS
Hardee
Highlands
 
Indian River MLS
Indian River

Pensacola MLS
Escambia
Santa Rosa
 
Chipola MLS
Jackson
Washington
Okaloosa
Walton
Holmes
Calhoun
 
Florida Keys MLS (Flex MLS)
Monroe
 
Dixie-Gilgrest MLS
Dixie
Gilgrist
Levy
Madison
Taylor
 
Desoto MLS
Desoto
 
Realtor MLS of Franklin, Gulf, & Mexico Beach
Franklin
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Downtown Sarasota Condo! Flat Fee MLS Listing & FSBO* $364,900

Posted by Justin in Advice, FSBO, Featured Listings, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc.

 

2 Bedroom Corner-Unit on 10th Floor @ the Renaissance Condo’s Lcoated @ 750 North Tamiami Trail Across From the Van Wezel Auditorium*Steps to Beautiful Beaches, Downtown, & St. Armands Circle! Great Water & City Views From all Rooms!*Brazilian Cherry Floors, & 2 Parking Spaces in Parking Ramp*This Newer & Beautiful Building has a Fitness Center, Pool, Media Room, Club Room, Conceriege, & Many other Amenities*New Publix Building Being Built just 1 Block Away! Open Floor Plan with Bay & City Views! Classy & Elegant Describes this Renaissance Gem

Virtual Tour: http://wcf.thevtpros.com/tours/1682

These are the kind of Flat Fee MLS Listings I’m bringing to the market..  This seller can’t afford the cost of a listing commission because the property is so discounted on MLS already, leaving him little room for Co-Brokerage Fees.. He’s willing to pay a Realtor, representing the buyer, a commission (A really High Commission as well), but isn’t interested in a listing commission.. Without my Flat Fee MLS Listing, Realtors wouldn’t have the opportunity to take there clients to this property for a discounted purchase, & the seller wouldn’t have the traffic coming in from MLS Listing Exposure.. Total Win/Win!This seller is a perfect candidate for a Flat Fee MLS Listing & is using my service to leverage Buyer Incentives.. Very Smart & Effective strategy! I even offered a Virtual Tour as assistance to “Turn the Volume Up” on his marketing plan.. This seller is motivated, and would love to sell this condo.. The Virtual Tour will provide you with a Gallery of Pictures showing the Upgrades and Bay/City Views from the unit, as well as the Amenities in the Complex.. 

For Showings and More Information on this Downtown Condo, Contact Larry Face @ 941-587-7395

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Flat Fee MLS Listings in Your Area! $199* Marketing for FSBO’s & By Owner Sellers

Posted by Justin in Advice, Bradenton Real Estate, FSBO, Flat Fee MLS, Florida Real Estate, For Sale By Owner, How to Sell, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc.

rf4140712.jpgShirley International Realty Inc. is in the process of taking our Flat Fee Listing capabilities statewide. We will be expanding our office locations into Miami, Daytona Beach, Jacksonville, Orlando, & Tallahassee. Our goal is provide the most exceptional flat fee listing package for the most competitive price in the Sunshine State! We feel this service gives sellers the most “bang-for-your-buck” advertising & our success rate of selling homes via the service is rapidly growing. In a buyers market, sellers have got to find a way to put their home in front of a scarcity of buyers and make it as appealing as possible. The leading indicator in a buyers psyche of “to buy? or not to buy?” is price. The Flat Fee service puts your home in front of the widest range of buyers @ the most competitive price. No more paying 6-7% to sell! Talk to me about your options.

Below is a list of areas where Shirley International Realty Inc. can CURRENTLY list your home, condo, land, or rental in the CORRECT MLS:

-Sarasota                                                  -Manatee/Bradenton
-Manatee/Bradenton                             -Venice
-Pinellas                                                    -Tampa
-Hillsboro                                                  -Osprey
-Englewood                                               -North Port
-Nokomis                                                  -Port Charlotte

Give our offices a call @ 941-448-4872 & let us know how we can help you sell your home!

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