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Old 01-31-2019, 12:00 PM
 
Location: Central Texas
20,120 posts, read 36,984,699 times
Reputation: 21980

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Quote:
Originally Posted by alpha_1976 View Post
Realtors are overpaid! I don't know why people fall for this though. I sold our primary house of 6 years last year - House was in perfect condition. I offered 4% total (1.5% = 2.5%). My agent freaked out when I told him I am sticking with 4%. he realized quickly someone else was going to grab it so called me later that day apologized and agreed. Was under contract within 3 days. Not going to pay 6% ever. Even 4% is way too much for what they do.

Way before I was an agent, we purchased two houses several years apart. The first, there were no agents involved on either side, things went relatively smoothly, but there were things I'd wished I'd known at the time (like getting an inspection - that was not common knowledge in those days). Later, when we bought the ranch, there were agents involved on both sides, and they were invaluable in getting the deal t closing.



Since becoming an agent (working both with listings and with buyers who were purchasing from FSBOs), I realize how absolutely flat lucky we were and how many things CAN go wrong that we would have had no idea how to deal with if they had happened to us. When next we purchase, if it is outside of the area I service, even being an agent you can bet I will have one. I know my stuff, but part of that is being smart enough to know that there's stuff I DON'T know and turning to those that do for assistance.



By the way, alpha_1976, I suspect there's a lot that you don't know about what agents do and what they deal with on behalf of their buyers to solve those problems that pop up on far too many deals.
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Old 01-31-2019, 12:01 PM
Status: "2019 Year of the first time home buyer" (set 14 days ago)
 
Location: Just south of Denver since 1989
10,758 posts, read 28,857,220 times
Reputation: 6946
Quote:
Originally Posted by Berteau View Post
No question they are overpaid. I donít need a real estate agent to sell a car do I?
So you own a mobile home?
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Old 01-31-2019, 01:22 PM
 
1,747 posts, read 684,556 times
Reputation: 1860
Quote:
Originally Posted by 2bindenver View Post
So you own a mobile home?
I own an asset with market driven value.
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Old 01-31-2019, 01:38 PM
 
807 posts, read 546,753 times
Reputation: 679
Jeez 6% I live 15 miles from NYC border and 4% is the fee.
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Old 01-31-2019, 01:51 PM
 
Location: Saint John, IN
10,940 posts, read 3,600,659 times
Reputation: 13302
Quote:
Originally Posted by gx89 View Post
Jeez 6% I live 15 miles from NYC border and 4% is the fee.
Chicagoland area is 6% and I think that is the norm in most states for full service realtor. You might be able to get lower for a discounted service though.
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Old 01-31-2019, 01:57 PM
 
Location: planet earth
3,866 posts, read 1,387,438 times
Reputation: 8595
Commissions are negotiable.

A Realtor can charge whatever the market will bear.

Commissions can't be discussed outside of individual negotiations.
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Old 01-31-2019, 01:57 PM
 
Location: Raleigh NC
8,314 posts, read 6,527,886 times
Reputation: 7354
Quote:
Originally Posted by Berteau View Post
I own an asset with market driven value.
the big difference with a car is that a Cadillac in FL is worth the same in GA. well-published values, easily found. Might yours get a bit higher price than "book value" if it's impeccably maintained and the interior is spotless? Sure. But it's not going to be 20% different, is it?

And houses can vary 20% by neighborhood, nevermind across town.
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Old 01-31-2019, 02:07 PM
 
1,747 posts, read 684,556 times
Reputation: 1860
Quote:
Originally Posted by BoBromhal View Post
the big difference with a car is that a Cadillac in FL is worth the same in GA. well-published values, easily found. Might yours get a bit higher price than "book value" if it's impeccably maintained and the interior is spotless? Sure. But it's not going to be 20% different, is it?

And houses can vary 20% by neighborhood, nevermind across town.
So pay to have it appraised. It would be a lot cheaper.
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Old 01-31-2019, 02:46 PM
 
2,223 posts, read 523,428 times
Reputation: 2472
Quote:
Originally Posted by nobodysbusiness View Post
Commissions are negotiable.

A Realtor can charge whatever the market will bear.

Commissions can't be discussed outside of individual negotiations.
And, like some luxury car brands, there is 0 negotiation in price, especially new.
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Old 01-31-2019, 03:05 PM
 
137 posts, read 18,548 times
Reputation: 88
OP you donít have have right to fight against the commission you already agreed to paying 6% and guess what, the title company is the one who dispurses the commission check at closing so you donít even really have any right to take a check that isnít made payable to you. If you were to violate the written agreement your going to get sued which I hope happens
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