By Lawrance Morrissey
August showed signs that the sluggish real estate market is starting to change for the good. According to several real estate professionals in the area, the summer of 2006 is being hailed as the worst real estate market seen in 20 years. While the official numbers may not support that claim, virtually everyone agrees that the market is the slowest it's been in a long time.
Our company follows the same trends. If we're slow, everyone is slow. Likewise if we're busy. I'm happy to report that since the last issue, numerous customers successfully sold their homes who reported little activity in prior weeks.
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After crunching a few numbers, we estimated that we saved our customers over $72,000 last month. While that number is bit below the average monthly savings of $76,600 in 2005, it was a very encouraging sign that the real estate market is starting to pick up from the sluggish summer.
I find it empowering to know that we save our customers more money in commissions than any other company in the Indianapolis area. - If not all of them combined. While traditional real estate companies brag about their volume in sales, we absolutely own the savings statistic. For those of you who didn't do the math above, the FSBO Store saved our customers over $920,000 in commissions in 2005.
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