re: Let's talk closing costs for home buyers

Not to derail the topic but the whole home buying process is insanely complex and complicated and I feel its that way just to keep all the nonsense jobs that depend on the complexity. I have a mechanic at one of my stores who has been a mechanic for 40 years and he swears european cars are unnecessarily complex vs american cars bc of the labor unions in europe and the need to have more jobs so they just make the cars more complex so there's more work to be done out there.

I buy and sell more stock than some homes and it costs me under $7. It's ridiculous that it takes nearly 2 months to obtain financing and close a deal on a property and then based on the amount you spend a realtor can make a fortune. The difference between a realtor selling a $10M home or a $100,000 home is basically just your social network. The guys closing $100k homes can close a $10M home if they had those friends, but they don't so I don't see why selling that property is worth say $600,000 in fees, that is just ridiculous.

I hope and pray at some point in my life, Im still in my 30s, that we can simplify the process of buying/selling a home bc no offense to realtors all over, there is just no way these guys are worth the commissions they are used to. Every industry on earth has faced some sort of headwind from technology making it easier/cheaper to use except real estate. I hope we see something soon. When I sold my condo last year my realtor's response was don't worry about the 6% in fees, worry about the 94% I get you.