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MineralMan

(151,613 posts)
32. I have bought and sold two houses without any real estate people
Sun Mar 24, 2024, 02:29 PM
Mar 2024

being involved. But, and this is a big but, those houses were owned outright and had no mortgages on them.

On the other hand, my wife and I bought a new house to us in 2021, and sold the house we were living in. We engaged a realtor we know personally to handle both things. She showed us only places that met our requirements and counseled us on how much to offer in that insane market to ensure getting the one we liked the best. We moved to that place before putting our old house on the market.

At zero extra cost to us, that realtor handled dealing with everyone who worked on fixing up our old house, which was now a 30 minute drive from our new one. Instead of dealing with all that nonsense, we just moved in and started enjoying our new place. Then, she found a buyer for the old place for the price we wanted to get for it.

That was worth the 6% commission, and then some. Of course we had to pay those contractors, etc., but I didn't have to deal with them. Everything got done and the house got sold with no muss or fuss.

On the other hand the two houses involved in those non realtor sales also went just fine. It all depends on the situation. If you have time and knowledge enough to handle a sale or purchase with just the title company involved, then you can save a bunch of money. If you don't want the hassle, or don't have the knowledge, a good real estate person will make your life much easier.

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I don't agree leftieNanner Mar 2024 #1
Yeah I think they still have a role. Showing the house, for instance unblock Mar 2024 #3
Good points leftieNanner Mar 2024 #4
We made the mistake of using Redfin on our last sale. Hassin Bin Sober Mar 2024 #13
What seller snowybirdie Mar 2024 #28
Exactly. But gone are the days when you needed a realtor to see 30 houses unblock Mar 2024 #30
Agreed snowybirdie Mar 2024 #31
I've had that lawsuit. TomSlick Mar 2024 #36
They also know what houses are selling for MiniMe Mar 2024 #7
Yes leftieNanner Mar 2024 #8
Where I live having a local agent mattered Johonny Mar 2024 #25
Don't put them on the endangered species list just yet. ornotna Mar 2024 #2
They're all over the place here too. 2naSalit Mar 2024 #15
At least the rates they charge True Dough Mar 2024 #5
This is funny Dorian Gray Mar 2024 #6
We use one for our cruises. She arranges everything. We're elderly and have special needs. CTyankee Mar 2024 #9
Yeah Dorian Gray Mar 2024 #22
She must make money or she wouldn't do it for free with us. I think it is because we are a valued customer, i.e. we CTyankee Mar 2024 #23
Disagree. no_hypocrisy Mar 2024 #10
I also doubt they are going away Renew Deal Mar 2024 #11
+100 WarGamer Mar 2024 #12
The book and the sheets were magic. In many shops, the pages were left unopened and unsorted on a desk or table. 3Hotdogs Mar 2024 #21
We've bought and sold quite a few properties, some as recently as 2023. Stinky The Clown Mar 2024 #14
Bought a place last month I found on Realtor.com. MLAA Mar 2024 #16
Doubtful. n/t flvegan Mar 2024 #17
Good. Never like the system where people saved up for a down payment on a house, while chouchou Mar 2024 #18
I think there were be fewer realtors, but they won't disappear. Happy Hoosier Mar 2024 #19
If the 6% dwindles to, say, 4% --- agents and sales reps are sharing a limited "piece of the pie." 3Hotdogs Mar 2024 #20
I doubt they'll disappear but Elessar Zappa Mar 2024 #24
yes, travel agents are still around and used . so are travellers checks . AllaN01Bear Mar 2024 #26
I would not want to handle all that paperwork without an agent looking over my shoulder. Sky Jewels Mar 2024 #27
I have never understood the glee people feel in displacing people from their jobs. LisaM Mar 2024 #29
Ordering clothes in different sizes... lame54 Mar 2024 #34
I have bought and sold two houses without any real estate people MineralMan Mar 2024 #32
I'm not buying a house I can't walk into lame54 Mar 2024 #33
Having just bought a house, I completely disagree JCMach1 Mar 2024 #35
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