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How about Zillow goes even further and cuts the realtor out entirely? How is a realtor anything more than a middle man? Why should they get large percentage of
by watertorock 9y ago
How about Zillow goes even further and cuts the realtor out entirely? How is a realtor anything more than a middle man? Why should they get large percentage of a sale when everyone finds their own homes online nowadays? All this does is add cost to homes.
Shouldn't buying and selling a home today be a flat rate of $500 or $1000?
- speby 9y ago"Everyone" does not find their own homes online. There still many, many buyers and sellers who are not online or, if they are, may not utilize or minimally utilize real estate sites like Zillow. Furthermore, while many buyers may enjoy sites like Zillow, Redfin, Trulia, and so forth, if you are buying in a new town/city or area you are unfamiliar with, relying on a local experienced agent can help a buyer avoid costly mistakes, or worse, end up over- (or under-) valuing property and missing a good deal or an opportunity they likely should have taken. Buyers also may wish to avoid paperwork and other hassles that an agent will take care of for them. Is an agent still a pretty penny in terms of costs? Absolutely but people still do it, every day. For a more sophisticated buyer with some time to devote to the process, they may not wish to use an agent in fact may not.
- watertorock 9y agoAs with most middle men, particularly commissioned sales middlemen, they inflate costs and are incentived to do so. I seen no valid reason a flat rate of $500 to $1000 per sale is not reasonable.
- paulie_a 9y agoZillow sells advertising not homes. Basically a newspaper with a real estate section and some incredibly dodgy statistics.