3 ms·

Well, you're paying TWO realtors. Buyer and seller, so it's really half that. But yeah, I would say $10k is a pretty sweet deal in a lot of cases.

lazide 3y ago
$10k is 6% of $166k. Not many homes selling for that now a days. The median home sale price in June was $426k. Or $25.6k of commission. Typical Sunnyvale prices were about 2.4million, or $144k commission.
- roflyear 3y ago
  They each get $10k - buyer and seller. For very expensive homes realtors will often "take a hit" to secure a sale.
  - lazide 3y ago
    5% commission (or even 4%) of a multi-million dollar sale is still a ton of money for the work/expertise/risk I’ve seen Bay Area realtors put in anyway. I’ve never seen anything less than 4%, and the realtors were very cranky. Rural area realtors can be pieces of work too, but at least they aren’t claiming to be worth as much money. ;)
    - roflyear 3y ago
      You can fire your realtor, and you should if they are a jerk or unresponsive. Like you say, they get a lot of money.
      - lazide 3y ago
        Yup, and I certainly have plenty of times. Most people don’t have the context to even know they should/can though, so a lot of crap still happens. Also messy to do halfway through closing. Especially if you don’t want to have to deal with a lawsuit from the realtor. Easier if you already have the brokers direct line of course. They’re the ones on the hook anyway, the realtors are just the ‘front’.
UncleMeat 3y ago
10k is 3% of 333k. Fewer and fewer houses are available at that price point. You can easily pay double or even quadruple this amount per agent. And two agents are getting paid. How many hours did your agent spend with you? How did their hourly rate turn out? One of the totally shitty things about realtor pay is that you are subsidizing the pay for all the people who never closed. I'd be happy to pay an excellent agent $100/h for expert advice and to leave out the filler that I can do myself. But this is rarely much of an option, especially as a buyer.
- roflyear 3y ago
  No way are you paying 6%+ per agent.

lazide 3y ago

$10k is 6% of $166k. Not many homes selling for that now a days. The median home sale price in June was $426k. Or $25.6k of commission. Typical Sunnyvale prices were about 2.4million, or $144k commission.

roflyear 3y ago
They each get $10k - buyer and seller. For very expensive homes realtors will often "take a hit" to secure a sale.
- lazide 3y ago
  5% commission (or even 4%) of a multi-million dollar sale is still a ton of money for the work/expertise/risk I’ve seen Bay Area realtors put in anyway. I’ve never seen anything less than 4%, and the realtors were very cranky. Rural area realtors can be pieces of work too, but at least they aren’t claiming to be worth as much money. ;)
  - roflyear 3y ago
    You can fire your realtor, and you should if they are a jerk or unresponsive. Like you say, they get a lot of money.
    - lazide 3y ago
      Yup, and I certainly have plenty of times. Most people don’t have the context to even know they should/can though, so a lot of crap still happens. Also messy to do halfway through closing. Especially if you don’t want to have to deal with a lawsuit from the realtor. Easier if you already have the brokers direct line of course. They’re the ones on the hook anyway, the realtors are just the ‘front’.

UncleMeat 3y ago

10k is 3% of 333k. Fewer and fewer houses are available at that price point. You can easily pay double or even quadruple this amount per agent. And two agents are getting paid. How many hours did your agent spend with you? How did their hourly rate turn out? One of the totally shitty things about realtor pay is that you are subsidizing the pay for all the people who never closed. I'd be happy to pay an excellent agent $100/h for expert advice and to leave out the filler that I can do myself. But this is rarely much of an option, especially as a buyer.

roflyear 3y ago
No way are you paying 6%+ per agent.