4 ms·

Honestly just going to do a FSBO if i ever sell. The fact that I pay out 5% of my house price for what is essentially a few hours of data entry work is beyond s

by bogota 3y ago

Honestly just going to do a FSBO if i ever sell. The fact that I pay out 5% of my house price for what is essentially a few hours of data entry work is beyond stupid.

poulsbohemian 3y ago
So go for it! If you believe you have the ability to market your house successfully, then by all means do so. As a realtor, if I had a house in a market where I don't do business, there is absolutely no bloody way I would try to sell my own home.
- flkiwi 3y ago
  The concern is perhaps less one’s ability to “market” a house better than a realtor than it is whether the realtor’s services, both individually and as a combined effort between buyer and seller agents, is worth anything remotely like the fees charged. The answer is clearly no to the latter. With prices where they are today and the combination of effort and skill demonstrated by the realtors I have worked with—each of whom was highly regarded—I would give them perhaps a 1% commission split between them. In all but the most unusual cases, even that would be an overpayment at a reasonable hourly rate for their education and skill level.
sp332 3y ago
When we bought, the seller's agent apparently spent a good chunk of her fee on little scent dispensers. We were finding those things tucked behind cabinets for months.
loosescrews 3y ago
You will likely still need to offer a buying agent commission if you want buying agents to show the house. Still, that cuts the fee roughly in half. At least some selling agents do a lot more than data entry. They generally pay for photos, staging, and landscaping while the house is on the market. They also research similar houses to position the property in the market and talk to buying agents. A lot of the negotiation can happen before the offer. You can do most if not all of that yourself and you may do a better job than the real estate agent you would have hired. Doing a good job is a fair amount of work. Most real estate agents cost the same amount, so there generally isn't a price different between a good and a bad agent (unless you count the commission on a higher sale price). If you can find a good one, it is likely worth the cost. A bad one might even decrease your sale price though. Do you think you can do a better job selling your own house than you can do at hiring a real estate agent?

by bogota 3y ago

Honestly just going to do a FSBO if i ever sell. The fact that I pay out 5% of my house price for what is essentially a few hours of data entry work is beyond stupid.

poulsbohemian 3y ago

So go for it! If you believe you have the ability to market your house successfully, then by all means do so. As a realtor, if I had a house in a market where I don't do business, there is absolutely no bloody way I would try to sell my own home.

flkiwi 3y ago
The concern is perhaps less one’s ability to “market” a house better than a realtor than it is whether the realtor’s services, both individually and as a combined effort between buyer and seller agents, is worth anything remotely like the fees charged. The answer is clearly no to the latter. With prices where they are today and the combination of effort and skill demonstrated by the realtors I have worked with—each of whom was highly regarded—I would give them perhaps a 1% commission split between them. In all but the most unusual cases, even that would be an overpayment at a reasonable hourly rate for their education and skill level.

sp332 3y ago

When we bought, the seller's agent apparently spent a good chunk of her fee on little scent dispensers. We were finding those things tucked behind cabinets for months.

loosescrews 3y ago

You will likely still need to offer a buying agent commission if you want buying agents to show the house. Still, that cuts the fee roughly in half. At least some selling agents do a lot more than data entry. They generally pay for photos, staging, and landscaping while the house is on the market. They also research similar houses to position the property in the market and talk to buying agents. A lot of the negotiation can happen before the offer. You can do most if not all of that yourself and you may do a better job than the real estate agent you would have hired. Doing a good job is a fair amount of work. Most real estate agents cost the same amount, so there generally isn't a price different between a good and a bad agent (unless you count the commission on a higher sale price). If you can find a good one, it is likely worth the cost. A bad one might even decrease your sale price though. Do you think you can do a better job selling your own house than you can do at hiring a real estate agent?