7 ms·

I know people will knock on realtors, but I've had nothing but good experiences with them. There's so much stuff I don't know that I don't know, and the ones I'

I know people will knock on realtors, but I've had nothing but good experiences with them. There's so much stuff I don't know that I don't know, and the ones I've had have been very helpful. Worth every penny, in my opinion.

asah 3y ago
not sure why you're getting downvoted. If realtors add more value than their commission, then great. Consider normies who don't understand why all this "tech stuff" costs so much money.
- kstrauser 3y ago
  The average home sale price around here is around $1M. Realtors simply do not provide $60K worth of value to the sale of one.
  - asah 3y ago
    To me the question is what actual price I would've gotten.
    - kstrauser 3y ago
      Or conversely, how much more you’ve paid. Even your own buyer’s agent has the financial incentive to get you to pay the most they can talk you into.
  - xyzelement 3y ago
    My buyer's agent worked with us for probably 5 months. Saves us from visiting dozens of houses that looked good on listing but wouldn't work for us, brought us to properties that were good that we wouldn't have thought about, saved our ass a few times with local knowledge (eg: this street seems quiet now but this is where school busses queue up in the morning) and finally helped us structure the right offer on the right house (we ended up bidding way higher than we would have, but it was just enough to beat the next best offer - we would have missed it w/o her.) As first time home buyers, she also held our hand through the psychology of the process which in retrospect was helpful. I think she got $40K commission out of that, which seems totally fair given the amount of effort and at the end of the day, she made a 1M+ transaction successful for us. Yeah maybe if we ended up bidding and buying the 1st house we ever saw, I'd feel differently, but this woman really worked her ass off and was well worth the fee.
Calvin02 3y ago
I think the real problem is the fact that you can’t buy or rent in some markets without an agent. As a buyer, I should be able to make an offer and work with the lender to schedule all the due diligence required. Some people need more help and they should be willing to pay for it. However, the way it is structured today, I can’t make an offer without a realtor and have to pay some percentage of the value. I was lucky in that I had an agent in the family and they charged a nominal fee. I’ve heard about realtors being blacklisted for offering flat fee services.

asah 3y ago

not sure why you're getting downvoted. If realtors add more value than their commission, then great. Consider normies who don't understand why all this "tech stuff" costs so much money.

kstrauser 3y ago
The average home sale price around here is around $1M. Realtors simply do not provide $60K worth of value to the sale of one.
- asah 3y ago
  To me the question is what actual price I would've gotten.
  - kstrauser 3y ago
    Or conversely, how much more you’ve paid. Even your own buyer’s agent has the financial incentive to get you to pay the most they can talk you into.
- xyzelement 3y ago
  My buyer's agent worked with us for probably 5 months. Saves us from visiting dozens of houses that looked good on listing but wouldn't work for us, brought us to properties that were good that we wouldn't have thought about, saved our ass a few times with local knowledge (eg: this street seems quiet now but this is where school busses queue up in the morning) and finally helped us structure the right offer on the right house (we ended up bidding way higher than we would have, but it was just enough to beat the next best offer - we would have missed it w/o her.) As first time home buyers, she also held our hand through the psychology of the process which in retrospect was helpful. I think she got $40K commission out of that, which seems totally fair given the amount of effort and at the end of the day, she made a 1M+ transaction successful for us. Yeah maybe if we ended up bidding and buying the 1st house we ever saw, I'd feel differently, but this woman really worked her ass off and was well worth the fee.

Calvin02 3y ago

I think the real problem is the fact that you can’t buy or rent in some markets without an agent. As a buyer, I should be able to make an offer and work with the lender to schedule all the due diligence required. Some people need more help and they should be willing to pay for it. However, the way it is structured today, I can’t make an offer without a realtor and have to pay some percentage of the value. I was lucky in that I had an agent in the family and they charged a nominal fee. I’ve heard about realtors being blacklisted for offering flat fee services.