Look What's Happening to Real Estate -No Commission! by DEBBY VARTY
Amazines articles, Article Posted: 05/12/2009, Article Views: 26,
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NEW COMPANY IN DURHAM SAYS “YOU CAN SELL YOUR OWN HOME AND SAVE
THOUSANDS”From constantly-adjusting global markets to staggering technological advances,
our daily lives are changing quickly. We now have Internet Access in virtually every home, web
enabled cell phones, and email replacing traditional mail. The Real Estate market is
also changing, as the ability to promote and market homes is more and more
technology driven. A new Real Estate Marketing firm in Durham is anxious to promote
these technologies. “The process of selling your home is nothing like it was in the
past,” says Debby Varty of I.M. For Sale By Owner. “Today’s consumer has more Tools
at his or her disposal: being able to view a wider range of properties, see their
special features, and research areas where they would like to live. All this
information and much more is available on the web. The file cabinets of the past are
now freely available to anyone with an internet browser”. This also gives you
Options When Selling Your Home. “It just doesn’t make any sense to spend over $10,000
to sell your home in today’s world”. That would be the cost to sell a home worth
$200,000 using a traditional agent. On a $300,000 home, we can save you over 90
percent. Who wouldn’t be interested in a 90 Percent Saving?” While there are
several “sell it yourself” companies now on the market, Debby believes the I.M. For
Sale By Owner system with its innovative features best takes advantage of
today’s ‘techno-marketplace’. “Take the Talking House for example. We can put a
small transmitter in your home, and broadcast a never-ending commercial promoting
the features of your home 24 hours a day”. A lawn sign invites drivers to tune in to
a clearly labeled station on their car radio. They will hear your pre-recorded
message from in front of your home. “It’s like having a salesman at the curb
stopping every car that goes by.” If potential buyers have a web-enabled cell phone,
they can access a direct link to your home, and view correctly adjusted photos of
the inside of your home and of your backyard on their cell phone. Again, right from
your curb. A potential buyer can simply drive by your home and get not only a
professional audio presentation of all its features, but images as well. “To have
that kind of information at their fingertips in our busy lives is a huge time-saver
for homebuyers”. They can then go home and log in to the website and see high colour
images with audio voice-over, 360 degree panoramas, maps to the property and
more. “We can offer everything an agent can offer. We promote your home on multiple
websites and provide printable feature sheets, comparables in your area, and open
house assistance. All this at a fraction of the cost, and it’s 100% guaranteed”.
That’s why we like to say, “Selling your home? Let your home sell itself. You have
absolutely nothing to lose, and possibly tens of thousands of dollars to gain”.
Saturday, May 16, 2009
Saturday, May 9, 2009
Efficient Markets Theory by ROBERT BELL
The efficient markets theory is the idea that speculative asset prices always incorporate the best information about fundamental values and that prices change only because new information enters the market and investors act in an appropriate, rational manner with regards to this information. This idea dominated academic fields in the early 1970s. Efficient markets theory is an elegant attempt to tether asset prices to fundamentals through the common-sense notion that people would not behave in irrational ways with their money in financial markets. This theory is encapsulated by the "Value Investment" paradigm prevalent in much of the investment community.
In an efficient market, prices are tethered to perceived fundamental valuations. If prices fall below the market's perception of fundamental value, then buyers will enter the market and purchase the asset until prices reach their perceived value. If prices rise above the market's perception of fundamental value, then sellers will enter the market to sell the asset at inflated prices.
Efficient markets theory explains the majority of market behavior, but it has one major flaw which renders it inoperable as a forecasting tool: it does not explain those instances when prices become very volatile and detach from their fundamental valuations. This becomes painfully obvious when adherents to the theory postulate new metrics to justify fundamental valuations that later prove to be completely erroneous. The failed attempts to explain anomalies with the efficient markets theory lead to a new paradigm: behavioral finance theory.Lawrence Roberts is the author of The Great Housing Bubble: Why Did House Prices Fall? Learn more and get FREE eBooks at: http://www.thegreathousingbubble.com/ Read the author's daily dispatches at The Irvine Housing Blog: http://www.irvinehousingblog.com/ Visit Efficient Markets Theory.
In an efficient market, prices are tethered to perceived fundamental valuations. If prices fall below the market's perception of fundamental value, then buyers will enter the market and purchase the asset until prices reach their perceived value. If prices rise above the market's perception of fundamental value, then sellers will enter the market to sell the asset at inflated prices.
Efficient markets theory explains the majority of market behavior, but it has one major flaw which renders it inoperable as a forecasting tool: it does not explain those instances when prices become very volatile and detach from their fundamental valuations. This becomes painfully obvious when adherents to the theory postulate new metrics to justify fundamental valuations that later prove to be completely erroneous. The failed attempts to explain anomalies with the efficient markets theory lead to a new paradigm: behavioral finance theory.Lawrence Roberts is the author of The Great Housing Bubble: Why Did House Prices Fall? Learn more and get FREE eBooks at: http://www.thegreathousingbubble.com/ Read the author's daily dispatches at The Irvine Housing Blog: http://www.irvinehousingblog.com/ Visit Efficient Markets Theory.
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