3 ms·
The realtor we got was fantastic. She took care of everything, and we had through her a great loan company, and everything was just taken care of. Would not dre
by Simulacra 3y ago
The realtor we got was fantastic. She took care of everything, and we had through her a great loan company, and everything was just taken care of. Would not dream of buying or selling without an agent. It's just too much hassle, and I don't have the expertise
- xpe 3y ago3% of a $1M house is $60,000. That's bonkers almost any way you slice it: effort, expertise, or value-add. And that's just one side of the usual commission! The process _could_ be streamlined and made less of a hassle, but since so many take a cut, there are perverse incentives. I skew progressive/liberal on many policy issues, but on this one, I'm fiercely in favor of the libertarian argumentation. Realtors have an eff-ing insane monopoly / cartel. Sorry, it makes me crazy. If you go back in time and/or to some markets, 3% of a $100,000 house = $6,000. That makes a bit more sense in terms of hourly compensation.
- codecutter 3y ago3% of 1 million is $30,000 not $60,000. Similarly, 3% of 100,000 is $3000 and not $6000. But I agree with your overall sentiment that the real estate market is a cartel.
- bluSCALE4 3y agoIt's 30k and 3k respectively if you're talking about one side.