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Old 05-03-2018, 10:30 AM
 
9 posts, read 3,726 times
Reputation: 10

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Quote:
Originally Posted by Electrician4you View Post
Yeah itís all relative to the sale price.
That makes no sense since no sale price was mentioned up to this point; but I'd be interested to hear that theory. lol
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Old 05-03-2018, 10:33 AM
 
9 posts, read 3,726 times
Reputation: 10
There are 1 % options out there, not sure about your area though. I'd look around and not accept anything above 5. Still 5 is crazy. RE agents have gotten out of control in this country. Sell it yourself and have an attorney do the closing. Then you're looking at less than 1 point.
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Old 05-03-2018, 12:20 PM
 
Location: Cary, NC
31,592 posts, read 55,307,520 times
Reputation: 30150
Quote:
Originally Posted by MikeJaquish View Post
I was in on a $33000 sale last year.
7% doesn't sound out of line for that one...
Quote:
Originally Posted by Electrician4you View Post
Yeah itís all relative to the sale price.
Uh.......

I dunno but Dis:

Quote:
Originally Posted by The levee breaks View Post
That makes no sense since no sale price was mentioned up to this point; but I'd be interested to hear that theory. lol
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Old 05-03-2018, 01:34 PM
 
16,485 posts, read 17,513,441 times
Reputation: 23531
Quote:
Originally Posted by The levee breaks View Post
That makes no sense since no sale price was mentioned up to this point; but I'd be interested to hear that theory. lol

Some agents see their time as worth a lot. Some are willing to do it for less. Some sellers only want to pay 4% some donít want to pay anything and they diy.

Why does a agent in Europe charge 1% but here itís a ďstandardĒ 6%?
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Old 05-03-2018, 01:38 PM
 
Location: Raleigh NC
7,754 posts, read 6,114,541 times
Reputation: 6882
I'm struggling with the OP since on one hand it mentions things a listing agent does, and then it talks about buyers.

could be the common misconception that the listing agent "does it all" (handles both sides). could be the common misconception that the listing agent gets all of that 7%, and the buyers agent gets paid otherwise.

the first happens < 10% of the time, would be my educated guess. The 2nd happens less than 1 out of 400 of the times a house trades hands.

87% of the time a home trades hands, a real estate agent is involved. So, there will be something above 1% involved in almost all of those cases.

If memory serves, the OP has some OH background, so perhaps they live where the other poster mentioned it is consistently 7%
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Old 05-03-2018, 01:48 PM
 
16,485 posts, read 17,513,441 times
Reputation: 23531
Quote:
Originally Posted by MikeJaquish View Post
Uh.......

I dunno but Dis:

So someone has a 2 million dollar house for sale you’re gonna demand 7% on that or take the offered 5%. Because someone behind you will take the 5%

I have turned down jobs because it wasn’t worth my time to go do it. But someone did it. It just wasn’t me. Didn’t bother me one bit. If you really really want me to do it here is my price.

It’s expected. It’s like zip code overcharging. Whenever I’m asked the address to some of my rentals I can literally hear the chaching on the other end of the line. I expect people to charge more for smaller jobs. There is a reason I use the same people every time. I’ve had wildly different quotes for the same exact work I want done

Last edited by Electrician4you; 05-03-2018 at 02:43 PM..
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Old 05-03-2018, 05:23 PM
 
Location: DFW - Coppell / Las Colinas
29,920 posts, read 34,526,470 times
Reputation: 35918
A good agent will explain to you what they do for the money and how that 7% would be split among the different people involved.

Hope the person you talked to explained this or they're not worth the money they ask.
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Old 05-03-2018, 05:51 PM
 
Location: Cary, NC
31,592 posts, read 55,307,520 times
Reputation: 30150
Quote:
Originally Posted by Electrician4you View Post
So someone has a 2 million dollar house for sale you’re gonna demand 7% on that or take the offered 5%. Because someone behind you will take the 5%

I have turned down jobs because it wasn’t worth my time to go do it. But someone did it. It just wasn’t me. Didn’t bother me one bit. If you really really want me to do it here is my price.

It’s expected. It’s like zip code overcharging. Whenever I’m asked the address to some of my rentals I can literally hear the chaching on the other end of the line. I expect people to charge more for smaller jobs. There is a reason I use the same people every time. I’ve had wildly different quotes for the same exact work I want done
This is the poster/post you should have addressed, because that is the poster I quoted after they misread the thread and posted this in response to you:

Quote:
Originally Posted by The levee breaks View Post
That makes no sense since no sale price was mentioned up to this point; but I'd be interested to hear that theory. lol
Obviously, we were discussing price, and he missed it.
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Old 05-03-2018, 05:55 PM
 
3,447 posts, read 3,515,337 times
Reputation: 3079
Just wait long enough, these people are being replaced by apps daily.

I had a friend go to real estate school in less than a 6 months and for less than 5,000$.
The gall that someone here compared themselves to a Medical Doctor.
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Old 05-03-2018, 06:46 PM
 
Location: DFW - Coppell / Las Colinas
29,920 posts, read 34,526,470 times
Reputation: 35918
Quote:
Originally Posted by WithDisp View Post
I had a friend go to real estate school in less than a 6 months and for less than 5,000$.
The gall that someone here compared themselves to a Medical Doctor.
Please share that link, don't think I've ever seen an Agent make that comparison. Probably has somewhere but not in my world.

I have helped about a dozen attorneys and doctors buy a home. I seem to know more about the process then they do.
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