3 ms·

Now imagine a world where realtor fees are 1% instead of 6%. On a 300k house, that's 15k you don't pay to the realtor. In this world, your realtor doesn't bring

by tsycho 3y ago

Now imagine a world where realtor fees are 1% instead of 6%. On a 300k house, that's 15k you don't pay to the realtor. In this world, your realtor doesn't bring you an extra 12k from the buyer, but you still come ahead. And the buyer pays less too. That's a win win world for everyone (except the realtor, who are redundant middlemen in the internet eta).

jakderrida 3y ago
First off, I'm not opposed to such a world in general. However, you, like the other replier, failed to read how my $300k number was intended as a joke about my optimism. Thus, it makes more sense to conclude my estimates (made with both a degree in Finance and access to BrightMLS comparables to rigorously draw my conclusions) was obviously far lower than $300k and your numbers don't really make much sense. Remember, also, that I'm really only defending her ability to achieve those kinds of results and justify the 5% number. In general, you don't get a team of well-trained professionals diligently finding every possible angle to ensure you get a higher value and an army of prospective buyers. In fact, it's rather rare and it's really the only case where 5% is justified. Had I sold it privately, I'd expect far less than the price I'd joke about wanting.
- mlrtime 3y ago
  Unless you did an experiment with different realtors, you have no idea if someone else besides the realtor (since you have known since 4) would have found you the $300k. I have no doubt that there is a range of talent for realtors, just like SWEs. The problem is the 6%. Why doesn't your realtor get 10% and everyone else get 1%? The system is rigged.
  - jakderrida 3y ago
    >Unless you did an experiment with different realtors, you have no idea if someone else besides the realtor (since you have known since 4) would have found you the $300k. Neither do you. Am I to believe you know more about one of the houses I owned than I do? Again, I'm all for lifting the fixed commissions. I'm just saying there does exist exceptions that I would still pay 5% for. Although, like I said, her operation isn't just some aspiring salesman acting slick. It's a team of about 4 professionals under her that go over every single angle to prepare it for the market. She's not even that persuasive or talkative. All they do are value-added services, which is how it should be. I wouldn't even know how to update the records to classify it a multi-family, yet they do it all automatically.

by tsycho 3y ago

jakderrida 3y ago

First off, I'm not opposed to such a world in general. However, you, like the other replier, failed to read how my $300k number was intended as a joke about my optimism. Thus, it makes more sense to conclude my estimates (made with both a degree in Finance and access to BrightMLS comparables to rigorously draw my conclusions) was obviously far lower than $300k and your numbers don't really make much sense. Remember, also, that I'm really only defending her ability to achieve those kinds of results and justify the 5% number. In general, you don't get a team of well-trained professionals diligently finding every possible angle to ensure you get a higher value and an army of prospective buyers. In fact, it's rather rare and it's really the only case where 5% is justified. Had I sold it privately, I'd expect far less than the price I'd joke about wanting.

mlrtime 3y ago
Unless you did an experiment with different realtors, you have no idea if someone else besides the realtor (since you have known since 4) would have found you the $300k. I have no doubt that there is a range of talent for realtors, just like SWEs. The problem is the 6%. Why doesn't your realtor get 10% and everyone else get 1%? The system is rigged.
- jakderrida 3y ago
  >Unless you did an experiment with different realtors, you have no idea if someone else besides the realtor (since you have known since 4) would have found you the $300k. Neither do you. Am I to believe you know more about one of the houses I owned than I do? Again, I'm all for lifting the fixed commissions. I'm just saying there does exist exceptions that I would still pay 5% for. Although, like I said, her operation isn't just some aspiring salesman acting slick. It's a team of about 4 professionals under her that go over every single angle to prepare it for the market. She's not even that persuasive or talkative. All they do are value-added services, which is how it should be. I wouldn't even know how to update the records to classify it a multi-family, yet they do it all automatically.