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Real Estate
Reply to "Is it just not worth using a realtor anymore or was mine just terrible? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It sounds like the 54K was to split between the listing and buying agent. I generally think real estate agents are pretty useless, but my agent when I last sold my house did a good bit of work that I wouldn't want to have done (or had the time to do), and he really only made 2.5% on the sale because the buyer's agent made the other 2.5%. That's really not that much money when you consider staging, marketing, making and returning calls to drum up interest, coordinating the people who do the work to fix it before the sale, etc. Not to mention the overhead of the job. I think some agents make a ton of money, but not many, with the vast majority barely making any.[/quote] OP here. Yes it was split: 27K to each agent. They virtually staged it, no furniture was brought in. Nothing was coordinated on their end. They just gave us a local recommendation for carpet cleaning who we had to let in and coordinate with. No marketing materials were published. They just put it on the MLS at the lowest price we would take. They called nobody except the offer we accepted. We had 14 showings in 3 days and accepted an offer on day 4 with closing in 20 days. We saw them 3 times total and they live 15 minutes away. I really can't see the value(practically the value of a new car) -at least for the realtor I used.[/quote] I think you would have taken at least a $50k haircut selling FSBO. [/quote] Or she could’ve paid a stager to come in for $3k, a professional photographer for $1k, $2k to an attorney and ended up in the same spot. [/quote]
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