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Lots of part time agents, moms, or retirees that 'work' in the RE business M |
#47
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M |
#48
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Gotta have a reason to deduct that SL500.
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Io non posso vivere senza la mia strada e la mia bici -- DP Last edited by Clean39T; 03-19-2024 at 08:32 PM. |
#49
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V
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Io non posso vivere senza la mia strada e la mia bici -- DP Last edited by Clean39T; 03-19-2024 at 10:27 PM. |
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I certainly felt ripped off (5%) when we sold our home in Potomac, MD. The buyer used Redfin and at settlement received US$10K.
I know folks who are listing with agents that charge a flat US$2.5K to the listing agent and 2.5% to buyer agent. |
#51
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I know a broker here in RTP NC that has 5 MB GLS's with brokerage logo's plastered on the side of each vehicle.
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#52
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$30k of time? lol.
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#53
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Some agents, this is the only amount of work they will do - in this market its probably sufficient. Others will coordinate staging, cleaning, marketing, small repairs and hold open houses and front the cost for all of this. It can be a real value add and get top dollar for the house rather than leave the homeowner to their own devices. If someone sold my house with the bare minimum and wanted 6% for doing so, I'd feel pretty ripped off. |
#54
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The photography produced often isn't much better compared to what an amateur who understands light can produce with a DSLR. Professionals charge ~$500-750 for RE photography session for something ~2,500 sq ft (often less). For a $600k house on which the seller's agent gets 2.5%, that's $15k to sell-side agent. The sell-side agent better be offering a lot more than a $750 photo sessions to charge $15k. |
#55
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Your response says nothing. Jeff |
#56
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Gift Article from NYT (w audio)
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#57
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Next time I'm doing my own photos. |
#58
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Hell, they start the story by stating that a home transaction is going to get a lot cheaper for buyers and sellers. Most buyers are going to be disadvantaged by the current form of this settlement as their agents are going to need to be paid out of pocket and buyers cannot add that agent compensation fee into their loan. Many buyers (especially first-time buyers) are struggling to come up with the money to buy a home so they don't have money to pay their agent. And no sellers are going to lower the price of their home because they aren't offering compensation to the buyer's agent. This will be another case of well-off people and people with family support being able to outbid those who are trying to take that first step toward financial security and wealth-building.
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I'm riding to promote awareness of my riding |
#59
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I'm not saying the buyer's agent doesn't provide value, but that value is to the buyer, so that's who should pay for the service. Yes, I acknowledge that 1-2% of $400,000 is a lot of money for the buyer to cough up. As a seller, I'm not sure I care. Last edited by Alistair; 03-20-2024 at 12:44 PM. |
#60
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Just remember when you are buying a new home to not complain about the fee you'll be paying if you decide to use a competent buyer's agent. And if we are still in a seller's market when you buy, a competent buyer's agent can make all the difference as to whether your bid is accepted when you are bidding against other buyers who have good agents.
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I'm riding to promote awareness of my riding |
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