Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

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The Death of the Franchise???

Having been with several of the big franchises over the years we also wondered whether moving to a smaller (in our opinion better) business model would result in a negative impact to our business.  In fact business has continued to increase at an even faster pace - so we conclude that the franchise banner has little to do with the success of the individual agent.

Buggy whips, VCR's, Newspapers, Magazines, And now real estate franchises?  VCR tape

I have had several conversations with real estate franchise owners over the past several months about whether we are seeing the national real estate franchises on their way to becoming extinct. We have seen many, many franchise offices close in this dismal market period. In contrast, there have been many start-up Brokerages that have found a foothold in this market.  

In addition to the very difficult market conditions, I think there are several major market trends that will spell troubled times for the national real estate franchises:

  • The REO market has shifted many listings to small independent Brokerages. Large franchised offices are not able to dominate listings, as they have in the past.
  •  Many of these independent offices are offering low commission splits ($500-$750 per transaction) with their Agents, with NO FRANCHISE FEES!
  • The Internet has changed consumers. A start-up company that is only several months old has sudden credibility, as much or more than older established companies.
  • These recent trends will become a foothold in the market and continue into the future.

 Now this may be specific to my market in the Metro Detroit and Ann Arbor area. So, please let me know what you are observing in your market.

 

 

 

When you choose Scott Petersen and The Petersen Team to handle your Canton/Plymouth real estateneeds, you choose a  Realtor® who is not just an expert, but someone who really cares about you and your family. Buying or selling a home can be a very exciting and yet stressful. We will work to achieve your goals and objectives, bringing our years of industry expertise and old fashioned "blue collar" hard work. In this difficult market, we are proven producers selling in the multi-million dollar range year after year.

 We are very familiar with today's market and specializing in Short Sales, REO, Bank Owned, and all types of real estate in  Wayne County , Oakland CountyLivingston County, and Washetenaw Countywe specialize in Canton,   Plymouth, Northville, Livonia and Novi.

Disclaimer: I fully disclose that I am human and make errors, from time- to- time. Therefore, all information in this blog is deemed reliable but not guaranteed to be accurate. I reserve the right to make changes and/or correction of any information at anytime.  I make no warranties either express or implied. This blog is not intended to offer any legal, tax or other advice. Please seek permission to repost or re-blog any part of this blog.  I think this satisfies my attorney..

About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with the BVO Luxury Group @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Operating Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
BVO Luxury Group
Keller Williams Arizona Realty
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