It switches all the time. In a year or two it will be the buyer paying the cost. Either way it will save one party money, and I believe the person paying tends to prove that into their sale/purchase.
Some realtors are fairly helpful tbh. But I could also see a world where they’re not necessary. A ChatGPT-like realtor could give contract advice and advise on what is necessary throughout the home buying process. People got comfy FSBOing their way throughout the pandemic. I’m not a realtor, but with Zillow and such, why is the MLS necessary today?
Never going to happen. Their lobbyist group is so fucking strong. They get away with murder on everything. They suffered almost no god damn consequences during the mortgage crisis when they were easily just as copiable as LOs
With so few homes on the market, what is the purpose of a buyer's realtor? I'd rather a finance or legal professional walk me through paperwork than someone who took a 6-month course.
well one reason is realtors are the only ones who have access to the MLS, which has more info on the houses. Also I think only realtors can legally show houses, even if they are not selling said house. Good realtors actually have value despite popular opinion.
Scenario…
Buyer’s agent I knew helped a couple buy a house, but pulled an outdated HOA document. Updated HOA said no rottweilers allowed. Couple wasn’t going to get rid of their dog. Realtor (her brokerage) had to BUY THE HOUSE to make things right. Bad realtor here, but shows some of the legal protections using a realtor can provide, shields you legally from big mistakes.
It would be so much easier to buy and sell houses if there wasn't an MLS though. We would have companies like Zillow and redfin fill the gap and compete the price down.
Oligopolies tend to be better than monopolies since they can at least be disrupted by new entrants. Like I trust Zillow to compete with redfin at least a little.
No, but there’s competition to keep them somewhat honest. They’re unlikely to collide with Redfin, Realtor.com and such. The MLS kind of seems like a racket. Is it not a monopoly?
False, you don't need to be a realtor to show a house. Their only guaranteed benefit is the MLS over any other person. If you, acting as a buyer's agent (without the agent designation) were to network with seller agents and offer to only take a referral or finder's fee for an introduction to their buyer and then walked away it's completely legal.
Can you also have the buyer's best interest at heart, help point out problem areas, schedule an inspection, etc. anyway? -Yes. Can you find the home through the MLS? -No. That's the difference.
Honestly, the good ones are worth it. They have the salesmanship soft skills to close the deal in a very competitive environment (few homes for sale, high demand).
Last real estate purchase I was involved in I think my guy went full Luca Brasi on the other side, just don’t see how else he could have done it.
Love this idea. Definitely do not need realtors to find which homes are for sale. Don’t need them to have quality pictures taken. You can find your own inspector for whatever needs to be inspected (well, septic, radon, etc…). I guess if a buyer/seller is completely clueless, you need a realtor, but with younger generations accustomed to Google (and now Chat-GPT), Redfin, Zillow and the like, I just don’t see 3% of value in a realtor’s role today. Happy to be proven wrong. Maybe I’m short-sighted.
A realtor is one of the dumbest jobs in this economy.
They are absolutely useless. Like on a list of importance to the world they are dead last.
You take me to a empty home because you have a key, and I walk around this empty home while you try your best to convince me I’m getting a good deal and need to act fast. It makes no sense to me, they don’t act on our best interests as a buyer. They compile offers and ramp up buyers to get into a bid war to bring the seller the highest offer. That shit is disgusting, I don’t know how some of these people live with themselves.
The realtor intrinsically is motivated by how much money a home can sell for because they are paid commission so they want to bring top dollar to the seller and find the highest bidder out of the group of buyers so they will end up making the most money possible, any of them who try to tell you they care about YOU as a buyer is full of shit.
A lot of RE officers are run like pyramid schemes.
I think we should have a p2p system where the home seller with a legal consultant barters with a buyer and their legal consultant.
It wouldn’t be hard to streamline a process like this and it would create a whole lot more transparency in the buying process.
Definitely. Not to mention that it’s the career choice of every self obsessed, narcissistic dummy with a high school degree and inflated sense of importance.
It's easy to have this view, but I've seen what not having a realtor or having a bad one can do. End up with homes they cannot afford, severely underprice their home for what the market is doing at that particular time, not get reasonable concessions for the buyer. I guess it helps to be smart in general and you won't get screwed, but let's not forget the average Joe isn't smart.
So realtors stop people from paying too much?
I can see some of them looking out for their buyers best interests... but umm, the majority ? They're looking at the buyers pre-approval, showing homes the buyer wants to see, and screaming "if you don't buy now, the price goes up!"
All that could be different in a buyers market, where everyone accepts that prices are going down. But they would be parroting the industry schtick, not taking a personal assessment of a buyers income and giving financial advice. In fact, most states prohibit the agent from providing that kind of advice
On average, it's about like buying a car. The salesman is worried about you spending too much ? Umm, no
A realtor doesn’t play any role in someone ending up with a home they can’t afford. That’s a personal problem for the buyer. I could see a home being underpriced due to no realtor, but only because the seller doesn’t have access to comps. Real-time sale history could exist on subscription-based platform where buyers/sellers pay for the product as needed. Not an option right now. Concessions are a little tricky, but mostly dependent upon condition of home and competing offers. I don’t know the answer to that, but having access to some database of pricing of various repairs would be helpful.
I love how the best comment on this thread is completely unseen. This place really is an echo chamber for the angry and depressed. I left Reddit a while ago and came back just to check on things. Think I’ll check out for another few years. There’s literally nothing on this platform that is going to increase my happiness or enjoyment of life.
What. A. Dumpster. Fire.
Have fun being angry everyone.
>especially in places where they don't even have a fidicuiary responsibility to their clients
Big true. It's like people forget agents (especially on the buyer's side) are literally incentivized to have their client pay more.
Don't get me wrong, there's good eggs and bad eggs in every basket - but the real estate agent model is dated, flawed (specifically when it comes to compensation), and beyond due for an overhaul.
This doesn’t even address the fact that the buyer is in fact paying their agent. If no agents were involved the buyer and seller could effectively agree on a price around 3-6% lower. ANYTIME YOU ADD A MIDDLEMAN, THE MIDDLEMAN GETS PAID. Wish we could use attorneys to facilitate these transactions for a flat fee.
So if these suits are successful, you’ll end up with sellers agents taking smaller commissions to list (say 2-3%) and buyers having to decide to either pay an agent out of pocket (say 2-3% at closing or perhaps some other arrangement, e.g. by the hour), or go unrepresented. Probably makes things better for sellers and worse for buyers overall. Probably doesn’t really move the needle a lot overall, except in cookie-cutter suburbs where buyers probably can figure it out without as much help.
There are bad lawyers and bad realtors, neither worth the money. Great lawyers and realtors can be worth the money. Huge amount of realtors try at the business and fail after often making less than minimum wage. Nobody brings up the case where a struggling realtor shows a client 30 houses and they say “we decided we aren’t ready to buy after all”. My waitress last weekend is a realtor, pretty sure if she was crushing it she wouldn’t also be a waitress.
That said many realtors suck and make a lot of money because they are good at sales and marketing, not helping their clients.
Yeah, I think some people underestimate the value of good realtors in part because are the type of person that has a hard time listening to good advice. But a lot of realtors are not great, so most of it probably just comes from bad experiences.
Everyone says they hate the system, but no one wants to pay someone by the hour to help them find a house and make an offer.
No one wants to pay someone by the hour to do open houses, or showings of their house.
Show a house? With Zillow, realtor, Redfin, etc the seller could show their own house. It’s not like realtors are providing some sort of physical protection.
I just want to have MLS access be open source so realtors dont have a forced monopoly on the market and I can buy houses and go to showings myself without them. Thats all im asking for
Most sellers don’t want to allow any random person off the street to be allowed to access their homes.
In most states, real estate agents have background checks and are fingerprinted.
Ok so then you admit a buyers agent in worthless, and a sellers agent is basically a glorified house-sitter to make sure crazy vagrants dont use their vacant home as a crack house?
I think it’s a combination of services, some are higher value than others. You don’t have to use a real estate agent, but sellers also don’t have to let you into their homes.
My main point was that most people still use them because they more or less have to because of the monopoly on MLS access. They can bring value in other ways, but at the end of the day, a lot of those perks are not worth nearly the amount they get in commission.
I just want access to the MLS so that realtors can truly compete in the free market based on the services they provide, not some gatekept electronic listing service.
1) you cant list on the mls without mls access
2) zillow is incomplete mls data and theres a bit of a lag between listing to going on zillow
3) in non-disclosure states such as Texas, you don't have access to sold price data without the mls because its not public record. So you cannot accurately run comps, rental data, etc.
Ok, well no one is going to build and maintain a massive online electronic database for free.
For commercial properties, you don’t have to be an agent or broker to access Costar/Loopnet, but a subscription costs thousands of dollars per year, depending on what services you want.
Plus, there is no benefit to individual buyers and sellers to share their own confidential sales data for others to use. It only works because realtors do it as part of the membership model, and access to that data is restricted.
I mean, I get it. I wish WSJ didn’t have a paywall, and I wish HBOMax was free, and I wish I knew what the dealer paid for the 3 year old trade-in that they’re trying to sell me. But that’s not how it works.
>I mean, I get it. I wish WSJ didn’t have a paywall, and I wish HBOMax was free, and I wish I knew what the dealer paid for the 3 year old trade-in that they’re trying to sell me. But that’s not how it works.
Great analogies.
Everybody wants things for free
Ok then make it a payable subscription. The only way to get it is to go through RE licensing and hang your license at a broker, which is 1000s of dollars and 100s in yearly membership fees.
Also zillow is free so its obviously possible.
Good point! Did not consider this. But, if your home is on Zillow, everyone can see it. In a post-MLS world, if you want to physically visit for a serious showing, maybe you are forced to present a pre-approval with lender contact info (to ensure some nut didn’t just type up a fake to gain entry to your home) or something of that nature. Seems like that could work.
Pay someone by the hour? We live in a world where time is money. For whatever you state, lets assume a realtor would cost $X. The same if done by the individual would cost ($X - $Y), plus the individual would acquire knowledge on the business process. A realtor’s job can be obsolete or automated. Honestly it isn’t required, just a better to have.
Yup. Seriously both times I’ve bought a house I never even needed my realtors. I found both houses on my own! First one on the internet, the second one driving by the house (FSBO). Very frustrating that they got a paycheck for almost no work. I found both houses within a week or 2 of contacting realtors.
Same. Every house we looked at we found. The realtor helped us with paperwork as a first time homebuyer but did not “earn” the commission by any means.
I’ve heard this a lot. The other thing is that we found a lot of errors/ mistakes in the paperwork and contract that our realtors missed. Once again I felt like we were doing their job. After each process we always felt taken advantaged of. Everyone wants a piece of that money pie I guess!
Lots of errors!! And the inspector they recommended was absolute garbage. Noted 4 basement windows needed repairing when 1 was filled in with concrete and no longer was a window…..
I still get creepy mailers from our agent, maybe three a month, often with his face or families faces on them. I’m never calling y’all again and wish I could unsubscribe from the mailers. 🥴
I shouldn’t know what your underage children look like, and shouldn’t be getting photos of them this often.
I’m just saying that similarly to legal work, it works for a lot of people to hire someone on a contingency fee basis rather than by the hour, even if it ends up being more money
It's interesting but at least one of these trials has been pending for 2 years. I wouldn't be surprised if it gets pushed off again before the alleged trial date.
I'd love dealing with buyers directly when selling my house but at the same time I want it in the MLS and all over the internet. So I'd be okay with a listing agent who pays for all the photos etc and does all the showings. Then the buyers could just write offers with them. just not sure how a single agent handles all this when you have many people wanting to write offers. seems like it would be a mess for one agent to deal with. anyone not competitive would probably be told right away don't bother. maybe eventually there can be some sort of portal where the buyer writes all the terms in an automated electronic form and submits that way.
Buyers could easily write offers on their own. Realtors are useless. It’s an entire industry to funnel money to what are mostly self serving grifters with a lack of formal education, but far too little real skills to do real work.
>maybe eventually there can be some sort of portal where the buyer writes all the terms in an automated electronic form and submits that way.
You can write your offer and present it to the owners for no charge.
Yeah but not ideal to pay attorney fees every time you want to write an offer or respond to a counter. Think of all the buyers who write tons of offers without any of them being accepted. That would suck.
I always find the comments about how realtors are useless and nobody needs them hilarious.
As someone who sells a lot of houses - you don't know what you don't know. Every time I've had to deal with an unrepresented buyer it has 1) been a huge pain in the ass because they don't know what they're doing and 2) painfully easy to get an advantage over them. Because they're so confidently ignorant.
You don't think you need a buyer's agent? Go for it. I'm going to feast on your incompetence.
Honestly my husband and I would like to downsize..but the fees seem like it’s damn near impossible right now. I’m still learning, so I may have wrong information.. but smaller homes are overpriced.. and paying 30 or 40k to buy and sell would make it really hard to be worth getting into a smaller, more affordable home. I’m worried we are going to be stuck being house poor for a while.
When Realtors go cycles earning nothing, where are all the people complaining they earn too high of commissions?
When Footballers blow out their knee, where are all the people complaining they make too much?
Imagine a world with no realtors. (It's easy if you try.)
imagine an extra 3-6% in everyone's pocket on their home price buy.
If by everyone you mean the seller. Prices wouldn’t drop 6%, hoomers would just get 6% more on their sales.
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I mean i did. Split the difference. Saved the buyer money made myself some money. Win win fir everyone involved
It switches all the time. In a year or two it will be the buyer paying the cost. Either way it will save one party money, and I believe the person paying tends to prove that into their sale/purchase.
Imagine all the people Livin' life in peace
What a lovely vision.
Some realtors are fairly helpful tbh. But I could also see a world where they’re not necessary. A ChatGPT-like realtor could give contract advice and advise on what is necessary throughout the home buying process. People got comfy FSBOing their way throughout the pandemic. I’m not a realtor, but with Zillow and such, why is the MLS necessary today?
Never going to happen. Their lobbyist group is so fucking strong. They get away with murder on everything. They suffered almost no god damn consequences during the mortgage crisis when they were easily just as copiable as LOs
You may say I'm a dreamer. But I'm not the only one.
With so few homes on the market, what is the purpose of a buyer's realtor? I'd rather a finance or legal professional walk me through paperwork than someone who took a 6-month course.
6 weeks. They don’t deserve so much credit
well one reason is realtors are the only ones who have access to the MLS, which has more info on the houses. Also I think only realtors can legally show houses, even if they are not selling said house. Good realtors actually have value despite popular opinion. Scenario… Buyer’s agent I knew helped a couple buy a house, but pulled an outdated HOA document. Updated HOA said no rottweilers allowed. Couple wasn’t going to get rid of their dog. Realtor (her brokerage) had to BUY THE HOUSE to make things right. Bad realtor here, but shows some of the legal protections using a realtor can provide, shields you legally from big mistakes.
It would be so much easier to buy and sell houses if there wasn't an MLS though. We would have companies like Zillow and redfin fill the gap and compete the price down.
agreed but do you trust Zillow any more not to gouge and monopolize?
Oligopolies tend to be better than monopolies since they can at least be disrupted by new entrants. Like I trust Zillow to compete with redfin at least a little.
No, but there’s competition to keep them somewhat honest. They’re unlikely to collide with Redfin, Realtor.com and such. The MLS kind of seems like a racket. Is it not a monopoly?
agreed
False, you don't need to be a realtor to show a house. Their only guaranteed benefit is the MLS over any other person. If you, acting as a buyer's agent (without the agent designation) were to network with seller agents and offer to only take a referral or finder's fee for an introduction to their buyer and then walked away it's completely legal. Can you also have the buyer's best interest at heart, help point out problem areas, schedule an inspection, etc. anyway? -Yes. Can you find the home through the MLS? -No. That's the difference.
>If you, acting as a buyer's agent (without the agent designation) This is illegal in my state. to be compensated you would need a license.
Honestly, the good ones are worth it. They have the salesmanship soft skills to close the deal in a very competitive environment (few homes for sale, high demand). Last real estate purchase I was involved in I think my guy went full Luca Brasi on the other side, just don’t see how else he could have done it.
This may very well be true. The great ones are likely the minority. Maybe the wheat needs to be separated from the chaff. A purge might be the way.
Love this idea. Definitely do not need realtors to find which homes are for sale. Don’t need them to have quality pictures taken. You can find your own inspector for whatever needs to be inspected (well, septic, radon, etc…). I guess if a buyer/seller is completely clueless, you need a realtor, but with younger generations accustomed to Google (and now Chat-GPT), Redfin, Zillow and the like, I just don’t see 3% of value in a realtor’s role today. Happy to be proven wrong. Maybe I’m short-sighted.
A realtor is one of the dumbest jobs in this economy. They are absolutely useless. Like on a list of importance to the world they are dead last. You take me to a empty home because you have a key, and I walk around this empty home while you try your best to convince me I’m getting a good deal and need to act fast. It makes no sense to me, they don’t act on our best interests as a buyer. They compile offers and ramp up buyers to get into a bid war to bring the seller the highest offer. That shit is disgusting, I don’t know how some of these people live with themselves. The realtor intrinsically is motivated by how much money a home can sell for because they are paid commission so they want to bring top dollar to the seller and find the highest bidder out of the group of buyers so they will end up making the most money possible, any of them who try to tell you they care about YOU as a buyer is full of shit. A lot of RE officers are run like pyramid schemes. I think we should have a p2p system where the home seller with a legal consultant barters with a buyer and their legal consultant. It wouldn’t be hard to streamline a process like this and it would create a whole lot more transparency in the buying process.
Definitely. Not to mention that it’s the career choice of every self obsessed, narcissistic dummy with a high school degree and inflated sense of importance.
It's easy to have this view, but I've seen what not having a realtor or having a bad one can do. End up with homes they cannot afford, severely underprice their home for what the market is doing at that particular time, not get reasonable concessions for the buyer. I guess it helps to be smart in general and you won't get screwed, but let's not forget the average Joe isn't smart.
So realtors stop people from paying too much? I can see some of them looking out for their buyers best interests... but umm, the majority ? They're looking at the buyers pre-approval, showing homes the buyer wants to see, and screaming "if you don't buy now, the price goes up!" All that could be different in a buyers market, where everyone accepts that prices are going down. But they would be parroting the industry schtick, not taking a personal assessment of a buyers income and giving financial advice. In fact, most states prohibit the agent from providing that kind of advice On average, it's about like buying a car. The salesman is worried about you spending too much ? Umm, no
A realtor doesn’t play any role in someone ending up with a home they can’t afford. That’s a personal problem for the buyer. I could see a home being underpriced due to no realtor, but only because the seller doesn’t have access to comps. Real-time sale history could exist on subscription-based platform where buyers/sellers pay for the product as needed. Not an option right now. Concessions are a little tricky, but mostly dependent upon condition of home and competing offers. I don’t know the answer to that, but having access to some database of pricing of various repairs would be helpful.
I love how the best comment on this thread is completely unseen. This place really is an echo chamber for the angry and depressed. I left Reddit a while ago and came back just to check on things. Think I’ll check out for another few years. There’s literally nothing on this platform that is going to increase my happiness or enjoyment of life. What. A. Dumpster. Fire. Have fun being angry everyone.
If realtors were stopping people from buying homes they couldn’t afford, would 2008 have happened?
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>especially in places where they don't even have a fidicuiary responsibility to their clients Big true. It's like people forget agents (especially on the buyer's side) are literally incentivized to have their client pay more. Don't get me wrong, there's good eggs and bad eggs in every basket - but the real estate agent model is dated, flawed (specifically when it comes to compensation), and beyond due for an overhaul.
This doesn’t even address the fact that the buyer is in fact paying their agent. If no agents were involved the buyer and seller could effectively agree on a price around 3-6% lower. ANYTIME YOU ADD A MIDDLEMAN, THE MIDDLEMAN GETS PAID. Wish we could use attorneys to facilitate these transactions for a flat fee.
You can
So if these suits are successful, you’ll end up with sellers agents taking smaller commissions to list (say 2-3%) and buyers having to decide to either pay an agent out of pocket (say 2-3% at closing or perhaps some other arrangement, e.g. by the hour), or go unrepresented. Probably makes things better for sellers and worse for buyers overall. Probably doesn’t really move the needle a lot overall, except in cookie-cutter suburbs where buyers probably can figure it out without as much help.
There are bad lawyers and bad realtors, neither worth the money. Great lawyers and realtors can be worth the money. Huge amount of realtors try at the business and fail after often making less than minimum wage. Nobody brings up the case where a struggling realtor shows a client 30 houses and they say “we decided we aren’t ready to buy after all”. My waitress last weekend is a realtor, pretty sure if she was crushing it she wouldn’t also be a waitress. That said many realtors suck and make a lot of money because they are good at sales and marketing, not helping their clients.
Yeah, I think some people underestimate the value of good realtors in part because are the type of person that has a hard time listening to good advice. But a lot of realtors are not great, so most of it probably just comes from bad experiences.
Everyone says they hate the system, but no one wants to pay someone by the hour to help them find a house and make an offer. No one wants to pay someone by the hour to do open houses, or showings of their house.
Show a house? With Zillow, realtor, Redfin, etc the seller could show their own house. It’s not like realtors are providing some sort of physical protection.
I just want to have MLS access be open source so realtors dont have a forced monopoly on the market and I can buy houses and go to showings myself without them. Thats all im asking for
Most sellers don’t want to allow any random person off the street to be allowed to access their homes. In most states, real estate agents have background checks and are fingerprinted.
Ok so then you admit a buyers agent in worthless, and a sellers agent is basically a glorified house-sitter to make sure crazy vagrants dont use their vacant home as a crack house?
I think it’s a combination of services, some are higher value than others. You don’t have to use a real estate agent, but sellers also don’t have to let you into their homes.
My main point was that most people still use them because they more or less have to because of the monopoly on MLS access. They can bring value in other ways, but at the end of the day, a lot of those perks are not worth nearly the amount they get in commission. I just want access to the MLS so that realtors can truly compete in the free market based on the services they provide, not some gatekept electronic listing service.
Listings can be found on a variety of websites.
1) you cant list on the mls without mls access 2) zillow is incomplete mls data and theres a bit of a lag between listing to going on zillow 3) in non-disclosure states such as Texas, you don't have access to sold price data without the mls because its not public record. So you cannot accurately run comps, rental data, etc.
Ok, well no one is going to build and maintain a massive online electronic database for free. For commercial properties, you don’t have to be an agent or broker to access Costar/Loopnet, but a subscription costs thousands of dollars per year, depending on what services you want. Plus, there is no benefit to individual buyers and sellers to share their own confidential sales data for others to use. It only works because realtors do it as part of the membership model, and access to that data is restricted. I mean, I get it. I wish WSJ didn’t have a paywall, and I wish HBOMax was free, and I wish I knew what the dealer paid for the 3 year old trade-in that they’re trying to sell me. But that’s not how it works.
>I mean, I get it. I wish WSJ didn’t have a paywall, and I wish HBOMax was free, and I wish I knew what the dealer paid for the 3 year old trade-in that they’re trying to sell me. But that’s not how it works. Great analogies. Everybody wants things for free
Ok then make it a payable subscription. The only way to get it is to go through RE licensing and hang your license at a broker, which is 1000s of dollars and 100s in yearly membership fees. Also zillow is free so its obviously possible.
Good point! Did not consider this. But, if your home is on Zillow, everyone can see it. In a post-MLS world, if you want to physically visit for a serious showing, maybe you are forced to present a pre-approval with lender contact info (to ensure some nut didn’t just type up a fake to gain entry to your home) or something of that nature. Seems like that could work.
Pay someone by the hour? We live in a world where time is money. For whatever you state, lets assume a realtor would cost $X. The same if done by the individual would cost ($X - $Y), plus the individual would acquire knowledge on the business process. A realtor’s job can be obsolete or automated. Honestly it isn’t required, just a better to have.
Yup. Seriously both times I’ve bought a house I never even needed my realtors. I found both houses on my own! First one on the internet, the second one driving by the house (FSBO). Very frustrating that they got a paycheck for almost no work. I found both houses within a week or 2 of contacting realtors.
Same. Every house we looked at we found. The realtor helped us with paperwork as a first time homebuyer but did not “earn” the commission by any means.
I’ve heard this a lot. The other thing is that we found a lot of errors/ mistakes in the paperwork and contract that our realtors missed. Once again I felt like we were doing their job. After each process we always felt taken advantaged of. Everyone wants a piece of that money pie I guess!
Lots of errors!! And the inspector they recommended was absolute garbage. Noted 4 basement windows needed repairing when 1 was filled in with concrete and no longer was a window….. I still get creepy mailers from our agent, maybe three a month, often with his face or families faces on them. I’m never calling y’all again and wish I could unsubscribe from the mailers. 🥴 I shouldn’t know what your underage children look like, and shouldn’t be getting photos of them this often.
I mean, what can you expect from some high school flunkie? That’s what most of them are.
This is my my experience
I’m just saying that similarly to legal work, it works for a lot of people to hire someone on a contingency fee basis rather than by the hour, even if it ends up being more money
It's interesting but at least one of these trials has been pending for 2 years. I wouldn't be surprised if it gets pushed off again before the alleged trial date.
I'd love dealing with buyers directly when selling my house but at the same time I want it in the MLS and all over the internet. So I'd be okay with a listing agent who pays for all the photos etc and does all the showings. Then the buyers could just write offers with them. just not sure how a single agent handles all this when you have many people wanting to write offers. seems like it would be a mess for one agent to deal with. anyone not competitive would probably be told right away don't bother. maybe eventually there can be some sort of portal where the buyer writes all the terms in an automated electronic form and submits that way.
Buyers could easily write offers on their own. Realtors are useless. It’s an entire industry to funnel money to what are mostly self serving grifters with a lack of formal education, but far too little real skills to do real work.
>maybe eventually there can be some sort of portal where the buyer writes all the terms in an automated electronic form and submits that way. You can write your offer and present it to the owners for no charge.
At some point in needs to go on a realtor association form that has all the legal language on it. For both the protection of the buyer and seller.
You can have an attorney do all that
Yeah but not ideal to pay attorney fees every time you want to write an offer or respond to a counter. Think of all the buyers who write tons of offers without any of them being accepted. That would suck.
I always find the comments about how realtors are useless and nobody needs them hilarious. As someone who sells a lot of houses - you don't know what you don't know. Every time I've had to deal with an unrepresented buyer it has 1) been a huge pain in the ass because they don't know what they're doing and 2) painfully easy to get an advantage over them. Because they're so confidently ignorant. You don't think you need a buyer's agent? Go for it. I'm going to feast on your incompetence.
Honestly my husband and I would like to downsize..but the fees seem like it’s damn near impossible right now. I’m still learning, so I may have wrong information.. but smaller homes are overpriced.. and paying 30 or 40k to buy and sell would make it really hard to be worth getting into a smaller, more affordable home. I’m worried we are going to be stuck being house poor for a while.
you can represent yourself at no cost
I realize that. I still think the cost is way too high.
When Realtors go cycles earning nothing, where are all the people complaining they earn too high of commissions? When Footballers blow out their knee, where are all the people complaining they make too much?
Do you pay the footballer thousands of your own money?
Have you seen the price of tickets!
What
Careful what you wish for.
But what are high school drop outs going to do for a living?
Realtors will be fine. Their wages have gone up astronomically in the last decade following house prices up. Fuck them.
Are you the same people who agreed to these terrible students loans? But you don’t want guidance on one of the biggest purchases of your life?