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re: Real estate agents, are they really needed anymore?
Posted on 7/31/21 at 4:27 pm to Levin13
Posted on 7/31/21 at 4:27 pm to Levin13
quote:Curious, but what's the commercial RE market like right now? I'm a commercial insurance agent (in between agencies ATM
I have my license because I do commercial work
) and was curious how COVID would affect your industry with the current WFH trend. Obviously not every business can have employees WFH, but for those that can and the buildings they occupy, have you seen increase in owners unloading those properties?
0
Posted on 7/31/21 at 4:28 pm to Turf Taint
I would think that often more expensive home means more demanding client means more work. But probably not proportionate to the higher fee.
Posted on 7/31/21 at 4:37 pm to flip82lsu
I see it like doing my taxes. Can I hire a CPA and get everything done correctly in a timely manner and pay for a professional job or can I just do my taxes online and figure it out as I go?
There isn’t a correct answer for everyone for every circumstance. I have done both and it worked for me both ways.
There isn’t a correct answer for everyone for every circumstance. I have done both and it worked for me both ways.
Posted on 7/31/21 at 4:37 pm to llfshoals
quote:
Dual agent
You may appreciate…
Once upon a time, almost made an offer on home that, as it turned out, was owned (and being sold) by RE Agent, who also wanted to be dual agent for buyer. She was manufacturing bid war w/another buyer who agreed to dual agency.
The conflict of interest made my head hurt. But telling her to shove for sale sign up her greedy azz made my head feel much better.
Posted on 7/31/21 at 4:43 pm to flip82lsu
Posted on 7/31/21 at 5:06 pm to flip82lsu
quote:
20k commish, for what??
This thread again.
In the same amount of time I’d have to fawk around with the buyer/seller, 3rd parties, etc, I can make more money with my core business.
It’s a service you pay for like anything else. If you don’t want someone to do it for you, do it yourself. This isn’t hard.
Posted on 7/31/21 at 5:08 pm to dsides
quote:
This thread again.
In the same amount of time I’d have to fawk around with the buyer/seller, 3rd parties, etc, I can make more money with my core business.
It’s a service you pay for like anything else. If you don’t want someone to do it for you, do it yourself. This isn’t hard.
But what did you really want to be growing up?
Posted on 7/31/21 at 5:11 pm to LoneStarRanger
4 - 5%, rarely take on properties lower than $1mm, 95% off-market and dual agent. Commercial is where the real money's at. 
Posted on 7/31/21 at 5:16 pm to AmosMosesAndTwins
quote:
But what did you really want to be growing up?
Not a guy complaining about paying someone for work I sure as hell don’t want to do.
You want to bake cookies and give tours to randoms in your closets, knock yourself out.
This post was edited on 7/31/21 at 5:22 pm
Posted on 7/31/21 at 11:29 pm to nugget
quote:Yeah again, that's how every industry works. If you don't find a service worth the price it is offered for, you don't have to purchase it.
Or, you know, I don’t use them because that prices them above their worth. Shouldn’t be hard for you to understand.
Posted on 7/31/21 at 11:42 pm to flip82lsu
No
Posted on 8/1/21 at 6:57 am to ned nederlander
quote:
But the simple fact is a major function of realtors - finding and curating properties for buyers and marketing homes for sellers - has been completely disrupted by tech and search engines.
Maybe I'm not very knowledgeable, but all the houses I found that way were garbage. The one I ended up buying was found by my agent.
Posted on 8/1/21 at 7:09 am to flip82lsu
it depends on the agent...
Posted on 8/1/21 at 7:26 am to flip82lsu
Guarantee a decent realtor will out negotiate you guys that think you know better than the person doing it every day.
There are a lot of tards with real estate licenses.
Fsbo - you're hoping to find someone dumb enough to pay what you want or you're underpriced from the start.
You don't want to negotiate? Cool. There's another seller that will and for a better deal.
Good agents do the work.
Agent listed houses that are sitting are an agent taking a listing just to have a listing, while knowing the seller is not reasonable.
You guys that think agents are worthless are self fulfilling prophets. "I'm not paying that much commission" congrats on the garbage agent you just picked.
Again there are a ton of idiots with a RE license and they bring the industry down. The good ones don't take on internet experts as clients.
There are a lot of tards with real estate licenses.
Fsbo - you're hoping to find someone dumb enough to pay what you want or you're underpriced from the start.
You don't want to negotiate? Cool. There's another seller that will and for a better deal.
Good agents do the work.
Agent listed houses that are sitting are an agent taking a listing just to have a listing, while knowing the seller is not reasonable.
You guys that think agents are worthless are self fulfilling prophets. "I'm not paying that much commission" congrats on the garbage agent you just picked.
Again there are a ton of idiots with a RE license and they bring the industry down. The good ones don't take on internet experts as clients.
This post was edited on 8/1/21 at 7:45 am
Posted on 8/1/21 at 7:36 am to Mingo Was His NameO
quote:
you don't have some magic sauce or hard to aquire technical knowledge.
Same can be said for plumbers, electricians, accountants, cooks, etc.
In most cases, they don’t know or do anything the layperson couldn’t research or do on their own. What they do offer over the layperson is convenience, experience, and familiarity from doing the task daily. So a good one is worth paying for so you don’t have to do it yourself. The key is to get a good one.
Posted on 8/1/21 at 7:49 am to flip82lsu
quote:
Real estate agents, are they really needed anymore?
Not for the OT, everyone here has their real-estate license.
Posted on 8/1/21 at 8:02 am to tigerinthebueche
quote:
Same can be said for plumbers, electricians, accountants, cooks, etc.
Ya, but should a realtor really make more than the plumber or electrician? Electric and plumbing bids are in the range of realtor fees and the other trades include materials in addition to their labor. And no one is paying their accountant $15k for 10hrs of work.
I think everyone agrees on $700k+ homes, realtors are overpaid with traditional fee structures and actually impacts housing prices as most ppl want to at least break even on their home sales, meaning they have to ask a min of 4-6% above purchase just to make it out whole.
Do they add some value? Sure. Do they collectively add $30k value in a sellers’ market where a home sells in a few days? Hell no. They’re making hourly rates well north of a damn surgeon.
Posted on 8/1/21 at 6:16 pm to LSUKTR
quote:
They’re making hourly rates well north of a damn surgeon.
How do I know that you have zero clue about what it takes to be a full time successful agent?
Showing buyers 1-2 properties is the exception, not the rule. Also it may be a sellers market current, but that doesn’t mean good agents aren’t able to milk out the best deals for their clients. Also, it’s more than just sales price to determine how good a deal is.
Posted on 8/1/21 at 6:28 pm to FLOtiger
quote:
You guys that think agents are worthless are self fulfilling prophets. "I'm not paying that much commission" congrats on the garbage agent you just picked.
The point of the thread is we are not picking an agent at all, given today’s technology a RE agent is needed about as much as a travel agent, or s car salesmen.
Posted on 8/1/21 at 7:09 pm to TJG210
quote:
How do I know that you have zero clue about what it takes to be a full time successful agent?
Showing buyers 1-2 properties is the exception, not the rule. Also it may be a sellers market current, but that doesn’t mean good agents aren’t able to milk out the best deals for their clients. Also, it’s more than just sales price to determine how good a deal is.
Admit it. Almost all your work is in prospecting for new customers. You make all your money when you find a good house to list or when you find serious buyers.
Agents charging $30,000 to do a $500,000 house sale is nothing but an absurd transaction cost weighing down the economy and driving up housing costs.
This post was edited on 8/1/21 at 7:12 pm
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