I will always recommend a realtor when someone is buying a home. You could get really screwed and lose your earnest money if your purchase agreement isn’t right. You need a realtor for contract purposes not to find a home when you literally have access to mls.
The end of real estate agents
- Thread starter Steel
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Amerikan Melanin
Veteran
There needs to be a vetted appraisal company specifically for black home owners. We get fukked out of billions yearly by these low ass RE appraisals.
R.E.N. Spells Ren
Veteran
This is laughable
Automation doesn't have access to the MLS to get an accurate price on the house
Why couldn’t automation do this?
UpAndComing
Veteran
Why couldn’t automation do this?
Yeah sure, but prospective sellers or buyers will have to pay alot for that service. Its alot of money to extract data and to also update the information. Houses go on and off the market like crazy, so it literally updates every 24 hrs
Even the Real Estate agents have to pay for the MLS, and its not cheap for them
So imagine what that would cost to the average person
R.E.N. Spells Ren
Veteran
It’s just data breh. It’s extremely easy to automate that.
CashmereThoughts
Veteran
my ex GF
CashmereThoughts
Veteran
i dont think that element of contractual service cant get replaced for a microfraction of what realtors cost
Definitely agree with your point about that the market is over saturated with Realtors. Trust me, many of us feel that way too.
Those of us that do take our business serious and place an emphasis on customer satisfaction are worth the money in my opinion. Some people hear what we can make from a single deal and feel we are paid too much.
I suppose I can see that line of thinking from the outside if you were to see a settlement statement for a $500k house and see the commission at $30k. But I can definitely make the argument that two component realtors in that transaction are worth their cut of that commission. And I have yet to run into a seller that disagrees from my experience.
Just curious, what would you say a proposed flat fee should look like for compensation? $500 per transaction? $1500?
UpAndComing
Veteran
You missed my point. Yes its easy, but its gonna cost alot of money to the average consumer to get accurate, up to date housing prices
R.E.N. Spells Ren
Veteran
That’s the point your pivoted to.
Your original point was that automation couldn’t do it. That’s why you listed a bunch of other stuff that automation couldn’t handle. Stuff that required a human touch. All your talk on cost is pure conjecture. You have no idea how they plan to bring this to market.
Guess it depends on the market. And I'd propose a tiered approach to flat fees:
1) Basic listing services fee (signage, some type of social media blast)
2) Premium listing services fee (basic + staging + virtual tours, etc)
Premium fee probably >50% than basic fee
I'm in Toronto. Market here is insane. You can't get a detached single home for less than $1million.
Often people are buying and waiving all conditions (financing, home inspection). It's nuts. A very good friend of mine is a realtor and hes been saying the properties really sell themselves. Whats challenging is dealing with multiple bids and lots of communication.
Again, flat fees depend on market conditions I guess
Crying over real estate agents is the same as crying over car salesmen
Both professions filled with pieces of shyt
If u work as either fukk u and ya kids
I hope u die
The Fukin Prophecy
RIP Champ
Quoted for truth
Family Man
Banned
Right. Zillow got my shyt listed $60K less than what it appraised for just last month. They have me at $452k when my house just appraised for $512k."Zestimates" are useless data gathering and assumptions... Zillow is gonna tell people their house is 80K less than what its really worth.
Real Estate Investors gonna see this and be like
