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re: The home selling realtor setup is unfair to sellers and buyers
Posted on 4/16/23 at 5:00 pm to Gee Grenouille
Posted on 4/16/23 at 5:00 pm to Gee Grenouille
Residential realtors in general are the scummiest, most self absorbed, dislikable, pain in the arse idiots on the face of the earth. I have the option of working with them in my industry and I literally will not. I don’t care if they could make me $100,000+ extra next year, I won’t deal with them or associate with them. Dealing with one is bad enough, but when you see how they operate en masse it’s disgusting. I’m not saying every single one on earth is horrible, but I have yet to meet one who isn’t
1
Posted on 4/16/23 at 5:00 pm to Gee Grenouille
quote:
who spend more time protecting their roles
They definitely all collude to do this.
The good ones are useful to have as a buyer and a seller, I would have told the woman who bought my last house to get fricked 100 times if I would have had to deal with her directly.
Conversely my buyers agent when moving to a new area was invaluable in helping us find things we needed even after closing.
Good ones are great but the run of the mill are only looking out for themselves and are a bunch of scumbags
Posted on 4/16/23 at 5:10 pm to LSU-MNCBABY
Realtors do have a place. Old people, busy people, uneducated people. However they position themselves like they’re a must have in every transaction. And 90% of them fricking suck at their job. frick them. The realtors I know, maybe one is good at his job. The women are all fricking useless, usually hot, and dumb as shite.
Any reasonably intelligent person can figure out how to sell their home at fair value without these leaches
Any reasonably intelligent person can figure out how to sell their home at fair value without these leaches
Posted on 4/16/23 at 5:18 pm to TJG210
quote:
$10,000, on a 3% commission thats about $300…..I couldn’t give 2 shits about $300 in the grand scheme of things and would never work a deal just for the sole reason of looking out for myself.
This is the same reason Realtors might push you to take an offer for tens of thousands lower than asking, it’s only a few hundred dollars difference to them..
Posted on 4/16/23 at 5:56 pm to blueboxer1119
quote:
You can pay a small fee for an mls listing without an agent. I guess then pay the buyers agent... So how do you advertise and get eyeballs without involving an agent? If I wanted maximum exposure without involving any agent, there has to be something better than FSBO.
I just sold our house FSBO, got almost 500 views on Zillow the first weekend, and was under contract in about 10 days.
… no seller agent, no buyer agent; closed with an online service that is a subsidiary of Rocket Mortgage.
We never saw or talked to an agent nor attorney.
This post was edited on 4/16/23 at 5:57 pm
Posted on 4/16/23 at 6:02 pm to Gee Grenouille
My wife and I used our HOA Facebook page to sell our last house 2 years ago. We hired a local real estate person to just handle the contract for cash. She charged 1k and that saved us 31k in commission. But you have to be in a good area.
Posted on 4/16/23 at 6:02 pm to Gee Grenouille
If you’re listing for under $500k probably a racket
Posted on 4/16/23 at 6:17 pm to Gee Grenouille
I’ve bought three houses. Used a different realtor on all of them. The first one was terrible and tried to cost me an additional $15,000. The second was okay, I didn’t have time to really look as we were moving cities so that helped. I loved my third one - I recommend him to everyone.
Posted on 4/16/23 at 6:22 pm to Gee Grenouille
Realtors are very helpful if you are buying or selling a unique home or a home in a unique location.
But if you are selling a cookie cutter house in a cookie cutter neighborhood - you can look up on Zillow what the same floor plan sold for down the street. Then a realtor is useless.
But if you are selling a cookie cutter house in a cookie cutter neighborhood - you can look up on Zillow what the same floor plan sold for down the street. Then a realtor is useless.
Posted on 4/16/23 at 6:22 pm to hashtag
quote:
do what the realtors do: lie to them and say you have several offers including 1 above asking price and another that the person is going to resubmit their offer tomorrow.
Bingo we have a winner..
Posted on 4/16/23 at 6:24 pm to Gee Grenouille
I’ve had to deal with a few realtors and most are fricking worthless and only looking out for themselves.
However, when we bought our current one we found a retired architect who does this now and he was awesome to work with. Cool guy and knew his shite about construction.
However, when we bought our current one we found a retired architect who does this now and he was awesome to work with. Cool guy and knew his shite about construction.
Posted on 4/16/23 at 6:32 pm to Gee Grenouille
Problem is when people like you get a chance to speak to potential buyers you can bullshite them by saying we have an offer for $X. Sounds like a good negotiating tactic. The problem is that buyers agent can ask to see the offer and are legally entitled to see it.
Not saying you would do that but keeping potential buyers from getting false info is in your best interest. Also, you have a sellers disclosure. Hoe do you answer questions about nitpicking stuff about your house. Any past roof leaks, past plumbing issues, etc…. Normal stuff that is often not required in a sellers disclosure. Of course when buyers and sellers start talking it turns into interpretations.
Lots of potential liability for realtors and yourself so they do the speaking for you. You can always sell the house yourself and speak to whoever you want when you want.
Not saying you would do that but keeping potential buyers from getting false info is in your best interest. Also, you have a sellers disclosure. Hoe do you answer questions about nitpicking stuff about your house. Any past roof leaks, past plumbing issues, etc…. Normal stuff that is often not required in a sellers disclosure. Of course when buyers and sellers start talking it turns into interpretations.
Lots of potential liability for realtors and yourself so they do the speaking for you. You can always sell the house yourself and speak to whoever you want when you want.
Posted on 4/16/23 at 6:36 pm to TJG210
quote:
You get what you pay for……..
Tell me what you do the 1% agents dont do.
They do a full service listing for 1% + 2.5% (what I choose to pay) to buyers agents.
What value do you provide for the extra 2%?
Be specific.
This post was edited on 4/16/23 at 6:39 pm
Posted on 4/16/23 at 6:53 pm to Gee Grenouille
Depending on the market, it is tough as a seller to not use a realtor. I feel they are only useful as a tool to get leads. Due to that opinion, I have, in one form or another, pissed off every realtor I have contracted to sell a house/property. Each time it involved contacting the buyer (or perspective buyer) directly during the process. I was in sales for 20 years. Like any sales person worth a shite, I was 100% convinced I could sell (my house in this case) better than anyone else could. I understand the title companies role in the process and don't need the "expertise" of the realtor to understand a simple contract. I also know/knew infinitely more about what I was selling (again MY house) than they ever would.
They really hate it (both sides) when you show up unannounced at a showing. Yet, nothing but good has ever come of it in my case. Its my fricking house, you work for me, if this sale is going to get fricked up, I will be the one fricking up.
As for using a realtor as a buyers agent? That is beyond silly unless you are a first time buyer or in an area of which you know nothing about.
But, its not like I have an irrationally bad opinion of realtors or anything. What gave you that idea?
They really hate it (both sides) when you show up unannounced at a showing. Yet, nothing but good has ever come of it in my case. Its my fricking house, you work for me, if this sale is going to get fricked up, I will be the one fricking up.
As for using a realtor as a buyers agent? That is beyond silly unless you are a first time buyer or in an area of which you know nothing about.
But, its not like I have an irrationally bad opinion of realtors or anything. What gave you that idea?
Posted on 4/16/23 at 6:56 pm to C
quote:
You can pay a small fee for an mls listing without an agent.
Yep but selling agents will typically not show your house unless buyers specifically request it. Same with FSBO. I was offering agents a full 6% for bringing a buyer. Not a single agent brought a buyer to my house for a showing. Tons of them came to “look at it” only to beg me to list it with them.
It is 100% a racquet and will only get worse as our society gets lazier and dumber by the day. Most people are not competent and confident enough to go buy/sell a house without the realtor there to “advise” them along the way.
In my opinion they should get paid Time and Materials or Lump Sum by their respective clients. 6% from the seller is a bunch of BS.
Posted on 4/16/23 at 7:20 pm to Gee Grenouille
Sounds like you just had a bad realtor
Posted on 4/16/23 at 7:22 pm to Brian Wilson
most realtors are pretty lazy, if you understand that going in and make them do what you’re paying them to it works out fine, most inexperienced home buyers/sellers let their emotions get way to up in the process
Posted on 4/16/23 at 7:31 pm to blueboxer1119
quote:
If I wanted maximum exposure without involving any agent, there has to be something better than FSBO.
What you want is someone to work for you for free.
Posted on 4/16/23 at 8:00 pm to Penrod
quote:
What you want is someone to work for you for free.
Wrong.
I dont want them to work for me at all, which none do anyway. They all suck and do shite.
I only want an avenue of exposure directly to buyers without involving agents...because frick being middled.
Posted on 4/16/23 at 8:10 pm to Im4datigers
quote:
Realtor flat out lied to you. And was skating on thin ice as some brokers/states don’t allow dual agency. I did FSBO and represented myself. That realtor just wanted a fatter commission. I’d honestly have reported them to there broker of state authority.
I had one try the same crap on my when I sold my house. She got pissed when I told her to pound sand.
I am now a realtor and I remember how she made me feel about realtors and I do everything I can to make sure my clients don't ever feel like I have misled them or lied to them.
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