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Real estate sales commissions are a rip off. I did FSBO on my house, found a buyer and got my realtor neighbor to close the deal for 1% commission – NOT 6%.
+1
Sold my last two rentals without a realtor and had no issues…not sure why everyone thinks this transaction is so difficult?
Legal paperwork make it confusing.
Really depends on the house/area/price point/market conditions… I’m not a realtor but own several properties and there is use for them in a lot of cases.
In real estate, everything is negotiable. That includes sales commissions. Realtors are not employees of the brokerages where they hang their professional licenses. Thus they can reduce their commission, which many do. The result to the client is, however, likely to be fewer services provided in the sales process (such as marketing and negotiating). Good agents are more likely to sell a property faster and at a higher price than a for-sale-be-owner (FSBO) with fewer issues arising at closing.
Overrated car salesmen.
Brokers bring almost zero value to a transaction and the MLS is a monopoly