All the experts in the real estate community have no answers, and have done nothing to help in this very serious issue. Home owners are losing large amounts of money every day because of the lack of response by such professionals; real estate agents are still charging a ridiculous rate upwards of 6%. A home owner selling a home worth $200,000 in today’s market is likely to lose, if lucky $21,400.

Example: $200,000 asking price
$190,000 offer
- $11,400 agent fees
= $21,400 loss to home owner

Now I do not place all the blame on real estate agents, home buyers our not knowledgeable about purchasing a home. Most home buyers rely solely on the information that is supplied by their agent, purchasing a home is the largest financial decision most Americans will make, but yet most do it without being properly informed.

Another major problem is The For Sale by Owner business, these businesses our for the most part internet driven. Have you ever wondered how companies like you tube or my space our free but yet these listing companies still charge upwards of $200 for pretty basic listings? For sale by owner is great for the home owner but offers little or nothing to the home buyer, which is why 95% of home buyers go thru an agent.

Example: $200,000 asking price
$190,000 offer
= $10,000 loss to home owner

What benefit to home buyer $190,000 through for sale by owner where they have to do all the work or $190,000 and real estate agent does all the work.

There is only one answer to the question of repairing the home bubble, and that is to offer home buyer concessions. The benefit of offering home buyer concessions is for both buyers and sellers, these concessions may be in down payment assistance, closing costs, taxes. Offering concessions benefit sellers in many ways, it opens up the sale of home to people who do not have the means to come up with such costs. In some cases some of these concessions may also be tax deductible, an accountant would be able to best describe what tax breaks you may receive.

Example: $200,000 asking price
$10,000 buyer concessions
=$190,000 to home seller

With major incentive to home buyers to purchase your home, now the only question would be where to market home because who could afford to offer concessions and pay a real estate agent. Using the internet would be the best place, and cheapest. Companies like money2buyers.com specialize in marketing homes with home buyer’s concessions.

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