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Message
re: Article: There are way too many real-estate agents
Posted on 10/18/23 at 11:19 am to 3D
Posted on 10/18/23 at 11:19 am to 3D
quote:
I just have a problem dishing out $40,000 on a purchase/sale of a house to someone who just cuts and pastes onto a standard template
And sometimes they really do earn their part. You essentially pay for them to post your house on all the listing sites.
When we bought, we essentially told the realtor what two houses we narrowed it down to and went and saw both in an afternoon and picked and that was it. All the forms are signed electronically now so we didn't see her again until closing haha.
That commission used to mean you as the realtor making lots of trips between client and owner to get paperwork in order. The grunt part has stopped but the commissions haven't changed lol.
0
Posted on 10/18/23 at 1:32 pm to 3D
quote:Subtle "I'm buying/selling $800k houses" brag
I just have a problem dishing out $40,000 on a purchase/sale of a house to someone who just cuts and pastes onto a standard template
Posted on 10/18/23 at 2:08 pm to stout
1 realtor is too many.
Totally unnecessary for non commercial real estate.
Totally unnecessary for non commercial real estate.
Posted on 10/18/23 at 2:22 pm to stout
The real estate agent industry and closing costs are a complete racket that serves virtually no purpose for most homebuyers. The last time I bought a house my realtor knew very little about the market and tried to talk me into buying complete crap houses. When we, my wife and I, actually found on we still had to pay him around 8-10k for doing absolutely nothing I couldn’t have done myself with little to no effort. It’s a largely unnecessary service or skill with the internet
Posted on 10/18/23 at 2:28 pm to stout
quote:
The issue, Weinstein said, is that it's way too easy to become an agent.
I mean he’s not wrong. I just picked up a six pack of realtor licenses at Costco for $79.99.
Posted on 10/18/23 at 2:41 pm to stout
In Texas, you have to be sponsored by a Broker to take the licensing exam. I'm sure in other states as well. So if it's about greed due to overpopulation of new agents (2.5 agents per every 1 home on market), why are brokers (like the broker in Denver) creating their own gripe?
Posted on 10/18/23 at 2:49 pm to Rip Torner
quote:
The last time I bought a house my realtor knew very little about the market
So...why didn't you get an experienced one who does?
Posted on 10/18/23 at 2:53 pm to Privateer 2007
quote:
1 realtor is too many.
Totally unnecessary for non commercial real estate.
Tell me what responsibility you have as a buyer in buying a house from a foreign owner and what possibly negative outcome you could have. No googling. Real-estate is easy right?
This post was edited on 10/18/23 at 2:55 pm
Posted on 10/18/23 at 2:56 pm to Billy Blanks
quote:
So...why didn't you get an experienced one who does?
"....but it was my niece's best friend just getting started in real estate..."
Posted on 10/18/23 at 3:52 pm to kennypowers
quote:
realtor not necessary
quote:
tell me what responsibility ... buying a house.... foreign owner...
Gee.
IDK.
I'd probably get a lawyer for a few hours.
I sure as shite wouldn't trust Tits McGee real estate agent.
Posted on 10/18/23 at 3:57 pm to stout
I just wish they would stop embellishing property photos by stretching them. Amazing that they are allowed to do that.
Posted on 10/18/23 at 4:27 pm to stout
There's a lot of bad real estate agents out there. Markets like we're in right now though do a pretty good job of weeding them out.
Posted on 10/18/23 at 5:35 pm to Rip Torner
Then don’t get one. No one is forcing anyone to use an agent.
Navigate the transaction by yourself or with an attorney if you feel so inclined.
Navigate the transaction by yourself or with an attorney if you feel so inclined.
Posted on 10/18/23 at 5:41 pm to stout
Real estate agents = car salesman
Both couldn’t get a degree
Both “market” on Facebook like psychos
Both work long hours for shite pay
Both are typically total shitbags
Both couldn’t get a degree
Both “market” on Facebook like psychos
Both work long hours for shite pay
Both are typically total shitbags
Posted on 10/18/23 at 5:49 pm to dukeg7213
Tell me where the mean real estate agent touched you.
Posted on 10/18/23 at 5:51 pm to stout
We gotta stop the 6% commission. Realtors are colluding.
Posted on 10/18/23 at 5:58 pm to Old Hellen Yeller
quote:
the 6% commission.
you know seller's commission is negotiable, right?
Posted on 10/18/23 at 6:03 pm to Old Hellen Yeller
There is no set commission. That is illegal.
Posted on 10/18/23 at 7:47 pm to kennypowers
quote:
No googling
Why am I not allowed to google the answer?
Commissions are transparently too high. Realtors used to provide a very valuable service in finding houses. The internet has made listings available and searchable to all. Commissions should have come down to reflect the devaluing of that service.
Will be interesting to see how the class action case plays out. The data is pretty compelling that listings with lower broker fees sit longer on the market, suggesting a level of industry wide collusion.
Posted on 10/18/23 at 7:53 pm to Rip Torner
quote:
It’s a largely unnecessary service or skill with the internet
My last agent was worth his weight in gold. Went from putting an offer on a house with a contingency that my current home was in contract within 2 weeks from offer date when my current home wasn't even up for sale. Pulled it all off without a hitch. And the new home appraised for $75k more than the purchase price
This post was edited on 10/18/23 at 7:55 pm
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