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Are they worth 6% of $700k for buying a house? That is yearly income
by hackernewds 3y ago
Are they worth 6% of $700k for buying a house? That is yearly income
- nojvek 3y agoA median 4B house in greater Seattle area is now 1.5M+. 6% of that is 90,000. Buyer and seller agent each take 45,000. That’s about a Tesla for each of them. Good realtors make a fortune without creating any productive value in economy. The house stays the same, just a big tax on exchange. Add that to lending fees, title fees, escrow fees and you’re easily looking at ~8% of transaction gone poof.