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re: Are realtor's really worth 5-6% commission?
Posted on 6/5/19 at 8:18 am to SabinBear
Posted on 6/5/19 at 8:18 am to SabinBear
No. The "top" realtors are married to contractors. They'll show your house, then take them to their husband's houses and tell the buyer they can have a new house for the same price or a little more.
I've always had better experience by owner.
I've always had better experience by owner.
This post was edited on 6/5/19 at 8:26 am
0
Posted on 6/5/19 at 8:18 am to SabinBear
The wife and I waited until our late 20's to purchase our first house rather than a starter home right after marriage so I don't plan on selling anytime soon but when we do I'll gladly pay a realtor to not have to deal with all the bullshite offers, questions, and viewings.
Posted on 6/5/19 at 8:22 am to SabinBear
They are really worthless with all the online tools out there now. I’m actually shocked that realtors and realty companies are still a thing.
Posted on 6/5/19 at 8:39 am to SabinBear
quote:
It would be more interesting if they listed their commission amount as number rather than a percentage.
It is a number. The number is the percentage of the contract price.
Posted on 6/5/19 at 8:54 am to Martini
quote:
I'm paying 4.5% for my house that's currently listed. I plan on negotiating down further once the inevitable low offers come in
Get ready for the law suit....you signed a legal contract and agreed to pay 4.5%.
It would be like a Buyer writing a contract on your house for 300K and you agree to it. Then, when they are at the closing table, the Buyer decides to reduce their contract by 10K and tells you they'll only pay 290K. With your reasoning, a "good" Seller will give up the 10K to get the house sold.
Come on man.
Posted on 6/5/19 at 9:02 am to SabinBear
It's a buyers market right now. So if you don't get a realtor you are going to pay for it one way or another.
Posted on 6/5/19 at 9:11 am to Martini
quote:
A good agent will give up all/some of the commission to get a house sold, with the understanding they will make more when you buy.
quote:
What kind of retarded answer is this?
My thoughts exactly. If anything the opposite is true, I could understand why a shitty agent would work for free. No one who is good at their job will or should do it for free. If you know you're good at what you do then you know how valuable your time is and how valuable your service is. Why would someone like that work for free for some know-it-all that thinks he can do your job better than you.
For the record, I'm not a real estate agent, but people who make a deal with the intention of renegotiating after the work has been done or who expect something for free are assholes.
Posted on 6/5/19 at 9:13 am to SabinBear
My family hired an agent to sell my mom’s house who died last year and I have to say it was a good move on our part, because none of my siblings wanted to deal with it.
Posted on 6/5/19 at 9:22 am to SabinBear
TJG is
Posted on 6/5/19 at 9:23 am to SabinBear
It must be a cash cow.
It's the only industry I see with those creepy husband and wife glamour shot billboards. That and evangelists.
The woman is almost always an 8+ and the husband's a toad.
This post was edited on 6/5/19 at 9:24 am
Posted on 6/5/19 at 9:45 am to SabinBear
quote:
Are realtor's really worth 5-6% commission?
As a seller you'd have to consider this. I know when I was much younger my mom sold our house by owner. She was really frugal and didn't want us to pay the extra commission fees. It kind of irked the realtor we used to find us a house but we lived in a very good neighborhood and within two weeks it was sold and used to buy the next house in cash. The buyer also was going without a realtor so it made the closing process much easier. That was back in the early 00s. As a buyer, I don't know why you'd not want to use one. Tons of paperwork involved and our realtor helped stream line the process. She also helped us get extra that I never would have thought about asking for. If our family doesn't extend beyond 2 kids we will probably stay put and just update as we go. We don't really want to move again unless we go out of state. We would like to move to western North Carolina at some point.
Posted on 6/5/19 at 10:11 am to SabinBear
5-6% across the board is pretty tough to justify.
Ultimately I'd argue the buyer is paying the commission either way. However, sellers create the inventory which is still mostly listed through traditional realtors. The industry will probably be disrupted on a large scale in the near future, and there are a few different models that are picking up traction.
At the end of the day, the decision should come down to how much is your time as a buyer/seller worth.
Ultimately I'd argue the buyer is paying the commission either way. However, sellers create the inventory which is still mostly listed through traditional realtors. The industry will probably be disrupted on a large scale in the near future, and there are a few different models that are picking up traction.
At the end of the day, the decision should come down to how much is your time as a buyer/seller worth.
Posted on 6/5/19 at 10:11 am to SouthEndzoneTiger
quote:you have a 400k house? You can get a whole lot of interest w 24k to play with.
you put your house up for sale a FSBO and it doesn't sell in 5 months vs the realtor sells it in 1, then yes. What kind of question is this?
Decorating allowances and the like can be real attractive.
Posted on 6/5/19 at 10:17 am to Big Sway
quote:
Under 100,0000 yes. 650,000 no.
It's all relative. In all likelihood, the value of a $650k homeowner's time is greater than a $125k homeowner's time.
Posted on 6/5/19 at 10:20 am to SabinBear
If you have gone through a tough sell for whatever reason, then a good agent is worth every penny. If it was a quick sell then no. The problem is you never know what type of sell you are going to get from the start.
Posted on 6/5/19 at 12:50 pm to Supermoto Tiger
quote:
Get ready for the law suit....you signed a legal contract and agreed to pay 4.5%.
It would be like a Buyer writing a contract on your house for 300K and you agree to it. Then, when they are at the closing table, the Buyer decides to reduce their contract by 10K and tells you they'll only pay 290K. With your reasoning, a "good" Seller will give up the 10K to get the house sold.
Come on man.
Some of y'all aren't capable of following simple logic. Yes, I signed a contract at 4.5%. The realtor, however, gets zero if the house doesn't sell. If my bottom dollar is $200k, and the offer is $197k....it then becomes in the best interest of both agents to lower their commission to get the deal done. No, you can't force them. Work with an agent who isn't so stupid as to not close a deal like that.
Posted on 6/5/19 at 12:53 pm to Martini
quote:
What kind of retarded answer is this?
I guess one that you can't comprehend? Commission is negotiable before you sign a listing contract. Further, when negotiating, you can negotiate selling price and use agent commission (on one or both sides) to close the gap on an offer that's less than ideal.
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