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Who is paying $60,000 to sell their house? Most houses and agents aren't selling million dollar houses. There are some, but that's not the majority. Also houses

Who is paying $60,000 to sell their house? Most houses and agents aren't selling million dollar houses. There are some, but that's not the majority. Also houses that are priced like that don't have as many buyers, they take longer to sell. They have to market them to the right people, and have connections to sell those kinds of places quicker. People gotta remember, the commission is split 4 ways unless one of the agents is a broker. Most agents themselves are only getting 1.5% People CAN set different rates. Redfin charges a very low percentage compared to others. There are brokerages who charge flat fees, and will just slap your house in the MLS and then call it a day. You wanna list with a discount broker go for it... You can even sell your house yourself! This whole thread reads like a bunch of people talking about tech people. "Oh you just sit at your computer all day surfing the web, why do you make so much?" or "Why pay you so much, I can just set up a website on Wix for $10." Yeah there's some shady shit with the NAR and access to listing services, I'm not disagreeing with it 100%, but the average agent is doing a lot more work than you realize.

mdorazio 8y ago
> Who is paying $60,000 to sell their house? Allow me to introduce you to a place called California. In Santa Monica, where I live, median home price is over $1.5M. Yes, median. La Jolla is about the same. Irvine is just shy of $1M. In San Francisco it's over $1.2M median. San Jose is right around $1M. Mountain View is north of $1.7M. Etc. These places represent thousands of homes and average time on market is generally around a month. It's really that insane.
- Latteland 8y ago
  I am in the Seattle area, where the average home price is slightly above $800k. I'm fortunate to have a house that was a little above that average.
joshcain 8y ago
"Why pay you so much, I can just set up a website on Wix for $10." I mean, that's a valid point in the age of Wix and Squarespace. I'm certainly glad I'm no longer in the business of building brochureware sites for small clients. I understand your larger point that we shouldn't be quick to assume a realtor's work is not difficult. However, I think the issue is the buyer doesn't really have the option to forego the buyer's agent service and capture (through a reduced price) the commission that would have otherwise been paid. Not everyone needs a full-service realtor in the same way not everyone needs a bespoke CMS.

mdorazio 8y ago

> Who is paying $60,000 to sell their house? Allow me to introduce you to a place called California. In Santa Monica, where I live, median home price is over $1.5M. Yes, median. La Jolla is about the same. Irvine is just shy of $1M. In San Francisco it's over $1.2M median. San Jose is right around $1M. Mountain View is north of $1.7M. Etc. These places represent thousands of homes and average time on market is generally around a month. It's really that insane.

Latteland 8y ago
I am in the Seattle area, where the average home price is slightly above $800k. I'm fortunate to have a house that was a little above that average.

joshcain 8y ago

"Why pay you so much, I can just set up a website on Wix for $10." I mean, that's a valid point in the age of Wix and Squarespace. I'm certainly glad I'm no longer in the business of building brochureware sites for small clients. I understand your larger point that we shouldn't be quick to assume a realtor's work is not difficult. However, I think the issue is the buyer doesn't really have the option to forego the buyer's agent service and capture (through a reduced price) the commission that would have otherwise been paid. Not everyone needs a full-service realtor in the same way not everyone needs a bespoke CMS.