2023 Real Estate Observations (settlement, sale, how much)

[robr2]

Originally Posted by simplexsimon

Doing some more reading it sounds like this lawsuit was targeting the practice of bundling the ~3% commission to the buyer's agent into the sellers costs who has no contractual relationship with them and have no opportunity to negotiate with them if they want to get their house seen by prospective buyers.

As pointed out earlier the seller can negotiate the seller commission with his or her agent.

Is a home seller going to want to negotiate a commission with a buyer's agent every time one wants to bring a potential buyer around?

I don't want that extra work. I'd rather list with an agent, pay them the commission, and I don't care how it's split.

[simplexsimon]

Originally Posted by robr2

Is a home seller going to want to negotiate a commission with a buyer's agent every time one wants to bring a potential buyer around?

I don't want that extra work. I'd rather list with an agent, pay them the commission, and I don't care how it's split.

I think the goal is to get to a point where the seller pays the seller's agent and the buyer pays the buyer's agent.

[msRB311]

Originally Posted by redplum33

Where would you go? And how would you even get there? And if you did manage to get there...then what?

??? so in 2023 it's no longer possible for people of lower income status to move? People used to ride in horse and buggy across several states in the 1800's to make it work. Hogwash that people today are incapable of moving to an area they can afford and get a a job. They just don't WANT to. People today are lazy.

[newenglandgal123]

Originally Posted by simplexsimon

I think the goal is to get to a point where the seller pays the seller's agent and the buyer pays the buyer's agent.

If I am buying a house, I'd be capable of doing it without the need of a buyer's agent so why even pay one at all? Unless you don't have negotiating skills or maybe if it's your first home purchase and you don't know what to look out for, buyers agents are kind of useless.

[msRB311]

With how much a house costs these days around here and the mortgage rates I would think people would want to do it themselves where they can.

[msRB311]

Originally Posted by redplum33

Mass. real estate prices starting to drop in sought-after towns


https://www.youtube.com/watch?v=chNyCdZ9jqY

It's November...and with mortgage rates this doesn't come as a surprise.

[simplexsimon]

Originally Posted by newenglandgal123

If I am buying a house, I'd be capable of doing it without the need of a buyer's agent so why even pay one at all? Unless you don't have negotiating skills or maybe if it's your first home purchase and you don't know what to look out for, buyers agents are kind of useless.

Sure, go without one. The point is to not force the seller to pay a commission for an agent he or she is not working with.

[matrix5k]

Originally Posted by simplexsimon

I think the goal is to get to a point where the seller pays the seller's agent and the buyer pays the buyer's agent.

I'm not paying commission if I'm buying a house. What is a buyer's agent even for? I find the listings myself on Zillow and go straight to the sellers agent anyway.

[massnative71]

Originally Posted by matrix5k

I'm not paying commission if I'm buying a house. What is a buyer's agent even for? I find the listings myself on Zillow and go straight to the sellers agent anyway.

Then the entire commission goes to the seller's agent, who is looking out for the seller's interests and not yours. Not the smartest. You want somebody representing you as well.

[matrix5k]

Originally Posted by msRB311

It's November...and with mortgage rates this doesn't come as a surprise.

Yeah it's normal for prices to slow down in fall. Let's see if prices drop in the spring. I don't think they will, neither do the experts.

https://finance.yahoo.com/news/housi...191734802.html