Reply to I can’t believe we killed the travel agent industry but kept realtors.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think realtors are a good idea but wow are they overcompensated. They should be paid a flat fee. Do they really do more work selling a 1.5M house over a 750k?[/quote]

I would imagine it takes a lot longer to sell a more expensive house than an affordable one. [/quote]

Not always. The 750k house might be priced low because it's a disaster with deferred maintenance. A sparking, updated 1.5m house will sell in a weekend. [/quote]

You are assuming it's in a major city with a booming market.  Higher priced houses absolutely sit longer, as the buyer pool is smaller. Usually there are better photos, staging, marketing & advertising involved. [/quote]

I think that's what realtors say but I don't think it is really true. People find houses on zillow/redfin/realtor.com now... yes there need to be good quality pics and there might be some staging needs....  I'm not buying the marginal increase in a few hundred to thousand extra for good/more pictures is worth the extra 45k in commission (btwn 750k and 1.5M).

I don't think realtors are completely useless. For example, I was looking to rent a house in a city where I knew nothing and needed to balance schools with commute time etc and it was helpful to have someone knowledgeable. That said, I've bought 3 houses in the last 10 years and *I* (not our relator) found 3/3 via alerts I set on redfin. [/quote]

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