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Ah, but you didn't get a hardworking realtor, you got a family friend to break the rules just for you. You even admit that no one else would have gotten the same deal that you did. There doesn't seem to be any luck available.
Isn’t some gotcha. You’re just rewording what I wrote as if it was. If you got a hard-working realtor, they could do the same things that our realtor did, because they were friendly.
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They each get $10k - buyer and seller. For very expensive homes realtors will often "take a hit" to secure a sale.
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. ;)
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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.
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 agen…
Lots of people hating on realtors here, but my buying realtor: - Put up with me through several offers that fell through due to issues with the house - Met me quickly several times to see houses in a very hot market (covid) - Constantly found me homes that met my criteria - Was able to "get the dirt" on the homes and give me good advice for the homes that fell through, not pressuring me to buy And my selling realtor,…
Totally agree. Honestly reading through the comments they sound a lot like spectator comments: The naysayers don't really sound like they've really sold a house before or bought one either. There's even some commenters steering the conversation toward renting apartments. Realtors really are awesome when you need to get from one house to another quickly and smoothly.
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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. ;)
You can fire your realtor, and you should if they are a jerk or unresponsive. Like you say, they get a lot of money.
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’.
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That's all great. And nobody's saying don't pay realtors for their work. They're saying, certainly don't pay them 6%, and preferably not a percentage at all. Just pay them like a contractor or anyone else you hire -- either a flat fee or by the hour, depending on the exact services.
Fully agree. Another option would be to add some incentive structure. If I know I can selly home for $200k myself and you sell it for $200k...your value to me was basically $0. If you can sell it for $300k, then I'd be pretty happy to give you a nice chunk of that. 6% no matter what is crazy.
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Fully agree. Another option would be to add some incentive structure. If I know I can selly home for $200k myself and you sell it for $200k...your value to me was basically $0. If you can sell it for $300k, then I'd be pretty happy to give you a nice chunk of that. 6% no matter what is crazy.
You can sell your house yourself, though? You don't need to use a realtor.