3 ms·
paying the seller's agent a percentage of the home sale makes sense still. it is more difficult to sell a very expensive home vs a cheaper one, so i wouldn't sa
by tempsy 3y ago
paying the seller's agent a percentage of the home sale makes sense still. it is more difficult to sell a very expensive home vs a cheaper one, so i wouldn't say at all the value they provide selling a $400k house vs a $4m one is the same.
it didn't make sense to pay the buyer's agent a percent of the home value which is what these lawsuits focused on. buyer's agent fees will most likely move to a fixed fee model.
- khazhoux 3y ago> it is more difficult to sell a very expensive home vs a cheaper one I don't know where you are, but in Bay Area this is not true. And even for mega-expensive homes that don't sell as fast, the agent can't really accelerate this much -- certainly not commensurate to the giant commission they receive.
- tempsy 3y agoI'm in the bay area. I'm not concerned about arguing over edge cases I'm speaking generally that very expensive homes are inherently more difficult to sell than cheaper ones. You're just pointing out in certain areas homes that are "expensive" in other cities are just average to a relatively large pool of high income buyers. With expensive luxury homes you have a smaller buyer pool and more discerning buyers and they will sit on the market longer than cheaper homes. So I still stand by the fact that they are going to be more difficult to sell than a cheaper one for fairly straightforward reasons.
- bluGill 3y agoHow is a $100k house different from a $600k house. 4m is a different class of customer.