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

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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]I still use TAs occasionally, although not often. When we bought out house, no realtors were involved; it was for sale by owner, and DH and I saw no need for a realtor of our own (fwiw DH and I are attorneys, as was one the sellers, so YMMV). [/quote]

I’m OP and DH and I are both lawyers too, but I don’t know what good that does us here. [/quote]

I'm a lawyer too, and looked into getting my real estate license to avoid paying the fee when buying our house.  If I recall, it would have been pointless since the seller's real estate agent gets the 5 or 6 %, and then splits it back with the buyer's agent, and there was no guarantee I'd get the buyer's side agent fee as the buyer.  So I used Redfin to buy our house, offered $10K over the asking price (there were 2 full price offers already), and ended up getting about $20K back on the transaction!  First-time buyers probably need a real estate agent, but this was my 3rd house, and I hate that some random person gets 5-6% of the value of the house for walking the paperwork - still amazing to me.  Basically, each real estate firm (x2) gets 1.5%, and the agents (x2) get 1.5% each.  Hire a home inspector and a real estate attorney, and get rid of the middlemen and middlewomen.[/quote]

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