Author Topic: The Real Estate Investing Thread (Read 24127 times)

pissclams · « **Reply #325 on:** March 27, 2024, 12:22:49 PM »

Quote from: yoga-like_abana on March 27, 2024, 08:41:16 AM

Interested to see how commission structure changes things

it won’t

yoga-like_abana · « **Reply #326 on:** March 27, 2024, 01:14:46 PM »

Quote from: pissclams on March 27, 2024, 12:22:49 PM

Quote from: yoga-like_abana on March 27, 2024, 08:41:16 AM
Interested to see how commission structure changes things
it won’t

Not so fast sweetheart

wetwillie · « **Reply #327 on:** March 27, 2024, 01:52:26 PM »

The way I see it, it will just shift the fees around and not reduce it any.

pissclams · « **Reply #328 on:** March 27, 2024, 03:51:24 PM »

Quote from: wetwillie on March 27, 2024, 01:52:26 PM

The way I see it, it will just shift the fees around and not reduce it any.

that’s right, and fees have always been negotiable

Pete · « **Reply #329 on:** March 27, 2024, 03:58:06 PM »

I am a layperson, but as I understand it the fees are going to be easier to negotiate going forward.

For example, pretty good chance I will be selling my house in 3 years. If the housing market is still similar to today, I won’t be paying any rough ridin' commissions to buyers agents. I will be on the hunt for a seller’s agent that can do it for a low flat fee that basically compensates them for taking some pics and putting it on the MLS, showing the place and/or conducting an open house, and that’s about it.

Pete · « **Reply #330 on:** March 27, 2024, 04:00:23 PM »

In 2003 or so, I sold my house in the Milwaukee area using a help-you-sell service for a flat $500. They took pics and put it on the MLS, and did the contract stuff and minimal coordination with title company.

wetwillie · « **Reply #331 on:** March 27, 2024, 05:41:05 PM »

500 bucks even 20 years ago seems like quite the bargain for what you are describing.

Pete · « **Reply #332 on:** March 27, 2024, 05:58:26 PM »

Quote from: wetwillie on March 27, 2024, 05:41:05 PM

500 bucks even 20 years ago seems like quite the bargain for what you are describing.

We had to show the house ourselves, but it sold fast.

LickNeckey · « **Reply #333 on:** March 27, 2024, 06:08:29 PM »

I sold my first house on our own and drew up the contract and everything.

Found out that title companies will give you that for free.

Stupid Fitz · « **Reply #334 on:** March 27, 2024, 06:55:14 PM »

Quote from: LickNeckey on March 27, 2024, 06:08:29 PM

I sold my first house on our own and drew up the contract and everything.

Found out that title companies will give you that for free.

Unless you live in the sticks or bad neighborhood, realtors seem pretty pointless to me. Even in those situations you can market your house to buyers pretty easily.

pissclams · « **Reply #335 on:** March 27, 2024, 07:24:57 PM »

Quote from: Stupid Fitz on March 27, 2024, 06:55:14 PM

Quote from: LickNeckey on March 27, 2024, 06:08:29 PM
I sold my first house on our own and drew up the contract and everything.

Found out that title companies will give you that for free.

Unless you live in the sticks or bad neighborhood, realtors seem pretty pointless to me. Even in those situations you can market your house to buyers pretty easily.

some people just don’t have the time or expertise to do the legwork. when I say “some”, i mean most.

steve dave · « **Reply #336 on:** March 27, 2024, 07:48:54 PM »

I WOULD SIMPLY SHOVEL MY OWN SNOW FOR FREE!

yoga-like_abana · « **Reply #337 on:** March 28, 2024, 12:40:32 PM »

Quote from: steve dave on March 27, 2024, 07:48:54 PM

I WOULD SIMPLY SHOVEL MY OWN SNOW FOR FREE!

I mean at least the person you're paying to shovel actually does something

star seed 7 · « **Reply #338 on:** March 28, 2024, 12:55:46 PM »

Quote from: yoga-like_abana on March 28, 2024, 12:40:32 PM

Quote from: steve dave on March 27, 2024, 07:48:54 PM
I WOULD SIMPLY SHOVEL MY OWN SNOW FOR FREE!
I mean at least the person you're paying to shovel actually does something

LickNeckey · « **Reply #339 on:** March 28, 2024, 01:31:35 PM »

Quote from: Stupid Fitz on March 27, 2024, 06:55:14 PM

Quote from: LickNeckey on March 27, 2024, 06:08:29 PM
I sold my first house on our own and drew up the contract and everything.

Found out that title companies will give you that for free.

Unless you live in the sticks or bad neighborhood, realtors seem pretty pointless to me. Even in those situations you can market your house to buyers pretty easily.

can't speak for others but the whole process from listing to selling was far easier than I assumed it would have been

Stupid Fitz · « **Reply #340 on:** March 28, 2024, 01:31:52 PM »

Quote from: yoga-like_abana on March 28, 2024, 12:40:32 PM

Quote from: steve dave on March 27, 2024, 07:48:54 PM
I WOULD SIMPLY SHOVEL MY OWN SNOW FOR FREE!
I mean at least the person you're paying to shovel actually does something

Hey, putting a sign in your yard, taking some pics and posting them on the internet is totally worth 15-20 grand.......

wetwillie · « **Reply #341 on:** March 28, 2024, 01:34:06 PM »

Can you list on Zillow and places like that for a flat fee? Seems like the racket is on the marketing side with the MLS and getting access to that is key.

steve dave · « **Reply #342 on:** March 28, 2024, 01:45:16 PM »

Quote from: wetwillie on March 28, 2024, 01:34:06 PM

Can you list on Zillow and places like that for a flat fee? Seems like the racket is on the marketing side with the MLS and getting access to that is key.

Yeah, there are a ton of options like that

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LickNeckey · « **Reply #343 on:** March 28, 2024, 01:58:47 PM »

i think i paid $100

actually sold it from a Facebook lead

Pete · « **Reply #344 on:** March 28, 2024, 02:20:26 PM »

Selling it on Facebook and/r marketing it to your neighbors is a good idea. Apparently my home’s grade school district is desirable and the Facebook moms basically seek their houses to friends of Facebook moms who want to be in the district.

kim carnes · « **Reply #345 on:** March 28, 2024, 02:21:45 PM »

Hopefully we don’t have any realtors on the board

LickNeckey · « **Reply #346 on:** March 28, 2024, 02:28:11 PM »

giving someone tens of thousands of dollars to walk someone through my house seemed foolish

wetwillie · « **Reply #347 on:** March 28, 2024, 02:29:21 PM »

None of what we are discussing was off the table before this commission structure change though right? If you wanted to go it on your own as a seller you always could.

steve dave · « **Reply #348 on:** March 28, 2024, 02:37:17 PM »

Quote from: LickNeckey on March 28, 2024, 02:28:11 PM

giving someone tens of thousands of dollars to walk someone through my house seemed foolish

depends what your time is worth to you

catastrophe · « **Reply #349 on:** March 28, 2024, 02:49:04 PM »

I always saw the realtor's biggest job as being to run comps and use whatever tricks to drum up as much interest as possible. Selling a house isn't hard, but if you do it yourself it's also hard to know whether you could have gotten another $20k+ out of the process by getting a bid war going.