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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah count me in the camp who think realtors are overpaid, not all of them though.

Listing agents, yes.

Buyer's agents, maybe, but not necessarily.  When I bought my place in DC, we probably toured dozens of houses, put in 3 offers, 2 of which fell through.  The final transaction was a ginormous pain in the ass as the seller was a greedy flipper.  I felt that my buyer's agent earned her commission.

If I were to sell my place though, I don't think a listing agent should be pocketing $15K for merely listing the property and attaching a lock box to the place.  Maybe $2-3K for listing, pictures and lock box seem more appropriate.  [/quote]

Listing agents do a lot more than "merely listingg the property and attaching a lock box to the place." That's like saying doctors merely take your vital signs, or journalists merely write a story, or tax accountants merely file tax returns.[/quote]

Hello realtor,

In the best case scenario, you are paying listing agents for their expertise on pricing and also their negotiation skills.  But 1. there's this thing called the interne,t so you can figure out what the appropriate list price yourself and 2. agents are incentivized to get you to list/sell your house at a low a price as possible so most of them are worthless on negotiations.[/quote]

I'm pretty sure you think you understood Freakonomics. But you didn't.[/quote]

Have you missed the boatloads of research/experts saying Freaknomics is mostly a load of baloney?[/quote]

I'm sure it came as a surprise to you. I didn't need that sort of external validation to know this.[/quote]

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