| "For Sale by Owners" AKA FSBO (pronounced | | | | The fact is that web-surfing home buyers are |
| "Fizz-boes") are taking control of the sale of their own | | | | changing how Canadians are buying real estate, and |
| homes! | | | | changing the real estate industry. With a flood of |
| Statistics show that its probably one of the best ways | | | | information Canadians are becoming much more |
| to go. So-called "Internet buyers." who comprised only | | | | studious in their real estate buying techniques and |
| 28 percent of the market in 2000, accounted for 45% | | | | starting to chip away at the 6% commission that real |
| of the market in 2002 and may now be in the majority. | | | | estate brokers collect on each home sold. |
| The National Association of Realtors recently reported | | | | Canadians have come to realize that they cannot |
| that for the first time, more home buyers nationwide | | | | continue to throw their equity out the window by giving |
| used the internet instead of newspaper ads as a key | | | | thousands of their hard earned dollars to agents. For a |
| information. | | | | majority of Canadian citizens their homes are their |
| - 66 percent of the buyers surveyed reported using | | | | families largest assets. Being a "For Sale By Owners" |
| the internet, compared to 49 percent of buyers who | | | | AKA "FSBO" is simply good money managing, It puts |
| say they used newspaper ads. | | | | you in control of one of your largest assets, and Its |
| Nation wide real estate has increased 20--30% since | | | | where the real estate market is going with today's |
| 2000 but the cost of listing with a real estate agent | | | | technology. |
| has either increased or has been unchanged. | | | | |