Comments on: Are Real Estate Agents Worth the Money? http://moneysmartlife.com/are-real-estate-agents-worth-the-money/ Money Tips for a Better Life Thu, 17 May 2012 16:08:14 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Lauren http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-199457 Lauren Tue, 14 Feb 2012 23:02:16 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-199457 Even now, they are still worth the money if you're working with a full-service buyers agent. Movoto.com and Zillow are already competitors that are in places Redfin can't go. Even now, they are still worth the money if you’re working with a full-service buyers agent. Movoto.com and Zillow are already competitors that are in places Redfin can’t go.

]]> By: How to Sell Your House Without a Realtor | Money Smart Life http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-195184 How to Sell Your House Without a Realtor | Money Smart Life Fri, 06 May 2011 13:37:52 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-195184 [...] a $180,000 sale, 5% is $9,000 – that’s money not going into your pocket.  Whether realtors are worth it is a topic we’ve discussed before and it really depends on your personal [...] [...] a $180,000 sale, 5% is $9,000 – that’s money not going into your pocket.  Whether realtors are worth it is a topic we’ve discussed before and it really depends on your personal [...]

]]> By: Tman http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-164706 Tman Tue, 27 Oct 2009 02:18:50 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-164706 When I was looking to buy a home, I never called on "for sale by owner" homes because I knew they would be over priced. If your stingy about using a realtor then you'll be stingy about the selling price and be a pain to deal with. When I was looking to buy a home, I never called on “for sale by owner” homes because I knew they would be over priced. If your stingy about using a realtor then you’ll be stingy about the selling price and be a pain to deal with.

]]> By: Tman http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-164701 Tman Tue, 27 Oct 2009 01:46:30 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-164701 When I was looking to buy a home, I never called on "for sale by owner" homes because I new it would be over priced. If your stingy on using a realtor then you'll be stingy on the selling price and be a pain to deal with When I was looking to buy a home, I never called on “for sale by owner” homes because I new it would be over priced. If your stingy on using a realtor then you’ll be stingy on the selling price and be a pain to deal with

]]> By: Realtors are PARASITES!!!! http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-150237 Realtors are PARASITES!!!! Sat, 30 May 2009 09:52:10 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-150237 Realtors & real estate agents are parasites. The amount of effort they put into selling a home cannot justify the commission they earn. Their costs are minimal, especially considering most have their own fixed cost websites on which to list homes. The cost/benefit disparity is magnified significantly in regions where home values are highest. How could a realtor possibly justify earning a 6% commission on a $1M dollar home? $60,000 to list in MLS, put it on their own website, and show a home a few times. Get real. This is more than doctors, lawyers, CPAs and other professionals make, and those professionals have graduate degrees and real professional licenses. To become a REALTOR®, in most locations you'll need to be 18 years old and have at least a high school diploma or a General Educational Development (GED) diploma. They are even making more than the bank and not lending any funds. Assuming it takes 2 months to sell a property, their 6% commission would equate to an annualized 36% simple interest rate (would actually be more if compounded). This is much more than banks charge, and realtors haven't even assumed any credit or default risk. In light of all this, I believe that realtors should only charge flat fees and that any commissions should be capped. Realtors & real estate agents are parasites.

The amount of effort they put into selling a home cannot justify the commission they earn. Their costs are minimal, especially considering most have their own fixed cost websites on which to list homes. The cost/benefit disparity is magnified significantly in regions where home values are highest. How could a realtor possibly justify earning a 6% commission on a $1M dollar home? $60,000 to list in MLS, put it on their own website, and show a home a few times. Get real. This is more than doctors, lawyers, CPAs and other professionals make, and those professionals have graduate degrees and real professional licenses. To become a REALTOR®, in most locations you’ll need to be 18 years old and have at least a high school diploma or a General Educational Development (GED) diploma.

They are even making more than the bank and not lending any funds. Assuming it takes 2 months to sell a property, their 6% commission would equate to an annualized 36% simple interest rate (would actually be more if compounded). This is much more than banks charge, and realtors haven’t even assumed any credit or default risk. In light of all this, I believe that realtors should only charge flat fees and that any commissions should be capped.

]]> By: Gary Wolter http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-142865 Gary Wolter Thu, 26 Mar 2009 23:28:21 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-142865 Today we sold a home for 8% more than the FSBO had it listed for. The buyer WAITED until it was listed with a Realtor. He was an investor!! Who buys for sale by owners? People who want a deal, right? The only way you could possibly save the commission is to split it with the buyer. Their is only one commission to save. Who is saving it? The main point here is trying to figure out that perfect price that you feel you are really saving the commission. Many times we see clients "giving their house away." One friend after bragging to us that he did it himself, said I think I made about $11.00 and hour when all was said and done. We work hard to sell houses. If its so easy become a Realtor and quit your job. Remember their are only 4 types of buyers: (First Time Home Buyer) they don't trust any FSBO and need the FREE services of a Realtor. (Investor) all the smart ones use Realtors to get the listing as soon as it goes on the market. The good ones go fast!. (Local House Changer) has frozen equity and can't buy your house until their Realtor get it done. Finally, (Relocating from out of town) these buyers need Realtors the most! We are FREE to them to help them understand the local market and the new city they are moving too. Today we sold a home for 8% more than the FSBO had it listed for. The buyer WAITED until it was listed with a Realtor. He was an investor!! Who buys for sale by owners? People who want a deal, right? The only way you could possibly save the commission is to split it with the buyer. Their is only one commission to save. Who is saving it? The main point here is trying to figure out that perfect price that you feel you are really saving the commission. Many times we see clients “giving their house away.” One friend after bragging to us that he did it himself, said I think I made about $11.00 and hour when all was said and done. We work hard to sell houses. If its so easy become a Realtor and quit your job.

Remember their are only 4 types of buyers: (First Time Home Buyer) they don’t trust any FSBO and need the FREE services of a Realtor. (Investor) all the smart ones use Realtors to get the listing as soon as it goes on the market. The good ones go fast!. (Local House Changer) has frozen equity and can’t buy your house until their Realtor get it done. Finally, (Relocating from out of town) these buyers need Realtors the most! We are FREE to them to help them understand the local market and the new city they are moving too.

]]> By: For Sale By Owner - Tips for Selling Your House Without a Realtor from Financial Planning Guide http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-86238 For Sale By Owner - Tips for Selling Your House Without a Realtor from Financial Planning Guide Thu, 26 Jun 2008 20:56:49 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-86238 [...] For Sale by Owner?Are real estate agents worth the money you pay them in commission? ; I asked this question last fall and it generated a [...] [...] For Sale by Owner?Are real estate agents worth the money you pay them in commission? ; I asked this question last fall and it generated a [...]

]]> By: For Sale By Owner - Tips for Selling Your House Without a Realtor : Money Smart Life http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-85599 For Sale By Owner - Tips for Selling Your House Without a Realtor : Money Smart Life Tue, 17 Jun 2008 16:28:09 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-85599 [...] For Sale by Owner?Are real estate agents worth the money you pay them in commission?  I asked this question last fall and it generated [...] [...] For Sale by Owner?Are real estate agents worth the money you pay them in commission?  I asked this question last fall and it generated [...]

]]> By: Adams http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-20245 Adams Thu, 04 Oct 2007 04:37:49 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-20245 One of the most effective ways to market real estate on the Internet is by offering <a href="http://www.yourwealthylifestyle.com/" rel="nofollow">real estate</a> and mortgage related marketing reports in exchange for the recipients' email addresses. One of the most effective ways to market real estate on the Internet is by offering real estate and mortgage related marketing reports in exchange for the recipients’ email addresses.

]]> By: xanderchan http://moneysmartlife.com/are-real-estate-agents-worth-the-money/comment-page-1/#comment-15018 xanderchan Sun, 02 Sep 2007 16:29:30 +0000 http://www.moneysmartlife.com/are-real-estate-agents-worth-the-money/#comment-15018 Peoples may think realtor is earning a lot of money from each deals, but they never see the hardship that they have been going thru. By the way,i have added your site as my Reddit's favourite. Please check out my blog which talks about real estate's career. If you do feel the posts are interesting, please add my blog as your favourite as well. Best regards Peoples may think realtor is earning a lot of money from each deals, but they never see the hardship that they have been going thru.

By the way,i have added your site as my Reddit’s favourite. Please check out my blog which talks about real estate’s career. If you do feel the posts are interesting, please add my blog as your favourite as well.

Best regards

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