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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][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] It's more ridiculous that your 1400 sq ft shit shack is worth $1.3 million. The $80,000 commission is just a byproduct. Since you're so confident it'll sell at the open house, just do it yourself. Quit your bitching or do something about it. But don't complain about Realtor greed when you're expecting 1.3 million for your POS.[/quote]
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