Reply to How many years until realtors are replaced by Redfin/Uber/Zillow/etc?

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Reply to "How many years until realtors are replaced by Redfin/Uber/Zillow/etc?"

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[quote=Anonymous]Does no one in the DC region offer flat fee brokerages?  When I lived in Florida a few years ago, I used a fairly known flat fee realtor from another part of the state. The way it works is that his brokerage was totally licensed. I paid him something like $350, and there was also a clause that said that the buyer's agent had to pay another $350 to him. I offered her 2.5% I believe. I had my own photos taken for $175 and wrote the listing myself. Not hard to use Zillow for comps. For the flat fee, he posted the listing on the MLS and associated it with a brokerage - so it looks legit enough to other agents. Our house was well cared for and recently renovated, and I watch enough HGTV to know how to "stage" for selling.  No surprise, we were under contract at asking on the first day. This worked well for me because I worked from home at the time, so easy to do open houses.  The house sold for around $1m - so I saved a huge chunk of cash.  We used an attorney for closing (very common in florida) so felt like I was covered for contract purposes.

All that said, when we were moving back to DC, we used an agent remotely to go check stuff out for us. We wouldn't have been able to buy without her help since we didn't want to come up for every house.  She totally earned the 3% on that $1m house.

So do those types of flat fee brokers not exist here?  They're not for everyone, but it sure worked for us. [/quote]

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