4 ms·

> I live in the USA, this year we both sold our previous home and purchased our new home without the use of signage, open houses, tours, realtors, etc. We found

> I live in the USA, this year we both sold our previous home and purchased our new home without the use of signage, open houses, tours, realtors, etc. We found the house we bought and found the buyers of our old house through our network of friends. We filled out all the paperwork from forms we printed off online. Surely you left a massive amount of money on the table then, right?

AtlasBarfed 5y ago
Sounds like they avoided the 4-7% realtor commissions.
- tialaramex 5y ago
  Yeah, here in the UK one of my friends bought his home off another of my friends. A third friend practices commercial property law, so she's insured to buy and sell property and did all their paperwork at mates rates. (Her employer buys her insurance, but it's personal insurance, so it covers her off-the-clock work too) Big saving all round.
- iso1210 5y ago
  I laughed at an old fashioned estate agent who wanted 1.2% to sell my house. Realtor prices in the US seem shockingly excessive. I guess it explains how Modern Family live such a nice lifestyle I guess.
irrational 5y ago
In what way? We sat down and decided how much we wanted for our house and told the potential buyers how much. They thought about it for a day and then told us they would give us that much money for the house. Maybe we could have made more on the open market, but we were happy and they were happy.
- yupper32 5y ago
  > Maybe we could have made more on the open market, but we were happy and they were happy. That's my point. You could potentially have made a lot more money on the open market. Especially if the buyers didn't even try to negotiate. That usually means they would pay more (let alone what other buyers might pay). The value of your house is what people are willing to pay for it, not what you think it's worth or what you want for it.
  - irrational 5y ago
    I don’t understand your point. We are happy with what we sold our house for. Would more money make us happier? No.
ska 5y ago
> Surely you left a massive amount of money on the table then, right? s/surely/potentially/ They may have been better off also. At least the agent commissions are saved, and maybe other costs. If the buyer is motivated to buy, who knows if they weren't already over market?

AtlasBarfed 5y ago

Sounds like they avoided the 4-7% realtor commissions.

tialaramex 5y ago
Yeah, here in the UK one of my friends bought his home off another of my friends. A third friend practices commercial property law, so she's insured to buy and sell property and did all their paperwork at mates rates. (Her employer buys her insurance, but it's personal insurance, so it covers her off-the-clock work too) Big saving all round.
iso1210 5y ago
I laughed at an old fashioned estate agent who wanted 1.2% to sell my house. Realtor prices in the US seem shockingly excessive. I guess it explains how Modern Family live such a nice lifestyle I guess.

irrational 5y ago

In what way? We sat down and decided how much we wanted for our house and told the potential buyers how much. They thought about it for a day and then told us they would give us that much money for the house. Maybe we could have made more on the open market, but we were happy and they were happy.

yupper32 5y ago
> Maybe we could have made more on the open market, but we were happy and they were happy. That's my point. You could potentially have made a lot more money on the open market. Especially if the buyers didn't even try to negotiate. That usually means they would pay more (let alone what other buyers might pay). The value of your house is what people are willing to pay for it, not what you think it's worth or what you want for it.
- irrational 5y ago
  I don’t understand your point. We are happy with what we sold our house for. Would more money make us happier? No.

ska 5y ago

> Surely you left a massive amount of money on the table then, right? s/surely/potentially/ They may have been better off also. At least the agent commissions are saved, and maybe other costs. If the buyer is motivated to buy, who knows if they weren't already over market?