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If the seller stands to pay your agent 3% of the sale proceeds, the seller will typically be happy to reduce the price by 3% if you don't have an agent. I just
by adanto6840 10y ago
If the seller stands to pay your agent 3% of the sale proceeds, the seller will typically be happy to reduce the price by 3% if you don't have an agent.
I just sold a condo in Minneapolis using a flat fee company -- fantastic experience and will never use a realtor again, save for maybe if looking internationally in a very unfamiliar area perhaps.
- paulddraper 10y agoI just use flat-fee agent in Utah. $95. Same experience. If you want an industry ripe for disruption, consumer real estate is HUGE. Got a couple start ups in my area trying to do that.
- flamedoge 10y agoarea where it concerns overhead due to law seems does seem ripe for disruption. But my concern is that this isn't a technical challenge, but rather political/legal one.
- paulddraper 10y agoI mean that the buying/selling process is rather backward in technology and there's a lot of misunderstanding. The difficulties are less political and more inertial. A primarily digital brokerage would be (is) a huge improvement.
- gnopgnip 10y agoThis is generally not true. The seller of the home has a contract with the listing realtor. If there is no second realtor the listing realtor will usually get 5% or 5.5% instead of just 3%.
- paulddraper 10y agoDepends. If that's the situation, you find a realtor who will sign and give you most all of their commission.