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Happy Hoosier

(9,533 posts)

15. If I sold my house today....

Reply to louis-t (Reply #12)

Fri Mar 15, 2024, 01:55 PM

Mar 2024

I think it would for about $400K. 6% would be $24,000. I mean no disrespect, but I have a hard time imagining that I'd get $24,000 of value from a realtor. I don;t begreudge you a dime of what you make, but if I'm paying it, the equation changes, yes?

The last house I sold, I went FSBO and hired an attorney for the paperwork. My total legal expenses were less than 2% of the sales price.

The market was super-hot then, so it made sense. I had 5 offers in just a few days and sold at 20% over my initial asking price.

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Owl

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Highlight:

Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits [View all] BeyondGeography Mar 2024 OP

It's absurd to have to hand over 6% of the value of your house to TeamProg Mar 2024 #1

5% jvill Mar 2024 #13

6 is of course the standard but yes, a realtor friend of mine listed and did the paperwork on TeamProg Mar 2024 #20

In times past, prior to real estate boom and the internet. Prairie_Seagull Mar 2024 #2

From the article BeyondGeography Mar 2024 #3

Thanks BeyondGeography Prairie_Seagull Mar 2024 #4

GIFT LINK Old Okie Mar 2024 #5

Sorry...that shouldn't have happened BeyondGeography Mar 2024 #6

This one worked for me. Thanks nt Chellee Mar 2024 #8

Thanks BG, that worked great. nt Prairie_Seagull Mar 2024 #29

... Crepuscular Mar 2024 #28

There has never been a 'fixed' commission. All commissions are negotiable. louis-t Mar 2024 #7

Don't see how the NAR is going to keep brokers from charging whatever rate they want. Sucha NastyWoman Mar 2024 #9

I don't see how the NAR is going to have any control over what each broker charges. Sucha NastyWoman Mar 2024 #10

Attorneys have an enormous amount of overhead TexasBushwhacker Mar 2024 #11

Realtors only get paid if the house closes. louis-t Mar 2024 #12

Oh, I understand TexasBushwhacker Mar 2024 #14

It's not always about time. It's about experience. louis-t Mar 2024 #21

If I sold my house today.... Happy Hoosier Mar 2024 #15

Same here. moreland01 Mar 2024 #17

Yes, there will be small companies popping up-'discount brokers' louis-t Mar 2024 #22

What part of "this is what I charge" is collusion? louis-t Mar 2024 #23

If you made an additional $80,000 in equity in 4 years, why are you complaining the commission is too high? moreland01 Mar 2024 #24

We used moreland01 Mar 2024 #25

I'm paying for a service, right? Happy Hoosier Mar 2024 #26

Thank you Delphinus Mar 2024 #16

Is the $100k (or whatever) increase in the value of homes due to infation? Increased demand from an increased population 3Hotdogs Mar 2024 #18

This is great news. 6% commission is rediculous. honest.abe Mar 2024 #19

Great news. Elessar Zappa Mar 2024 #27