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The thing about proportional pricing is that it doesn't scale up or down. Assuming your sale was near the median US home price, the seller's agent would net aro
by runako 3y ago
The thing about proportional pricing is that it doesn't scale up or down. Assuming your sale was near the median US home price, the seller's agent would net around $12k for their work. You believe that was worthwhile, let's assume that was money well spent.
Suppose the market was hotter when you sold and your property was worth 2x the median. Is the same work worth $24k? What if you sold in a hot market in a hot neighborhood, which should make it somewhat easier to move the property? Does it make sense that this would increase the amount the agent gets paid?
For similar reasons, proportional pricing doesn't work well at the lower end of the market, where listings are often under $100k.
- salamandersss 3y agoYeah I bought some extremely cheap property through a realtor and felt I made out like a bandit vs through a lawyer or dealing with that shit myself. Realtors want to charge a percentage? Cool story bros, I'll burn out the green labor doing my work for pennies on the cheap shit then use a flat lawyer for anything real money.
- yesimahuman 3y agoIt's a fair point. Want to note one thing I found strange: the city I sold in (very hot market) had 3%/3% as standard, and the one I bought in (less hot) had 2.4%/2.4% as standard (at least in the area I bought). I don't know the dynamics of the industry here enough to know why that would be.