Can we compete? Just ask Colby Sambrotto
Can we compete? Just ask Colby Sambrotto, owner of www.forsalebyowner.com
For the past month, I’ve been thinking a lot about Competition.
Our profession faces some very tough competition from a variety of sources, including online FSBO websites. What this means is that we need to continually:
- re-invent ourselves;
- be as consumer-centric as possible; and
- help property buyers and sellers understand what we bring to the table that can benefit them – including our extensive skills and knowledge, our experience, and our professionalism.
When property buyers and sellers understand the complexity of buying and selling property, they seek us out and use our services.
Just ask Colby Sambrotto, founder and chief operating officer of ForSalebyOwner.com.
Sambrotto spent six months attempting to sell his Manhattan condominium through ForSalebyOwner.com and classified ads. He couldn’t do it.
In the end, he used the services of a professional REALTOR® according to this report in the Wall Street Journal.
Is there good news for 2012?
Residential property sales across Canada are forecast to reach 451,200 units, a 0.5% decline compared to 2011.
In BC, 80,000 homes are forecast to change hands in 2012, an increase of 4 per cent over the 77,000 2011 home sales.
“A number of factors will keep Canada’s housing market in check as interest rates remain low,” said Gregory Klump, CREA’s Chief Economist.
“These include tightened mortgage regulations and high household debt levels, together with slower economic and job growth. Positive, employment levels and income growth in Canada should remain supportive for the housing market.”
Q3 Average Price Forecast
Q3 Sales Activity Forecast