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Real Estate
Reply to "How many years until realtors are replaced by Redfin/Uber/Zillow/etc?"
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[quote=Anonymous]In justifying the existence of realtors and their fees, people keep talking about how "they don't want to squeeze every penny out of a transaction" or "are happy to pay for good value of a realtor". My crappy small 1400 sf rowhouse is worth $1.3m. When I sell next year (for a job relocation), it is general knowledge in our sought after neighborhood that so long as you price within $100k of the appropriate value, the house will be sold at the open house. The commission at 6% is $80,000. Are you saying I am "trying to squeeze every last penny out" if I think $80,000 is a ridiculous fee to pay for an open house and maybe 10 hours of work in closing out the contract??? We're not talking about $3000 like in 1990. We're talking about eighty thousand dollars. [/quote]
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