Financial Times Reports More UK Sellers Avoiding Brokers

There was an interesting article in the Financial Times this weekend discussing how a significant percentage of sellers are turning to alternative sales channels including online brokers or auction companies to sell residential real estate.

I can't help but wonder if this trend will continue to this side of the Atlantic. Those of you who know me well already understand my view that that the top 5 to 10% of agents are worth the fee they charge and then some, it is the other 90% who are vulnerable to a consumer who can no longer rely on appreciation and easy credit to pay the cost associated with having a real estate agent facilitate a transaction.

Stay tuned for more on this topic.