Quote:
Originally Posted by hayden55
Eh... depends. I bought my house without a realtor and i had a more competitive offer since i didn't come with a 3% leach attached to me. Also, when I sold my house i gave the buyers a better deal since they didn't bring a realtor. Realtors seem useless. Just need a loan officer on dial.
|
It may depend on local circumstances but in the 4 states I've purchased a house you aren't go to be able to see a house for sale without a realtor unless you wait for an open house. A seller's agent isn't going to meet a random buyer and without a buyer's agent you aren't getting into the lockbox with the key.
Likewise when selling a house you aren't going to get on the MLS without a realtor listing the property. No MLS and 99% of buyer's aren't going to see that your house is for sale.
I certainly wouldn't try to buy a house for the first time without a realtor - especially in a hot market where houses are selling within a week.
I completely agree the way realtors are paid is crazy. It doesn't take any more effort to sell a $500K house than a $100K house so why is pay based on a percentage of sale price?