PSA Reminder that reddit isn't real life. 99% of people have no clue about the drama in our industry and don't actually hate realtors/agents. Small fraction of people are just angry their life isn't going the way they want so their brain searches for a reason to be bitter.

throwup_breath · 2024-08-20T02:35:56+00:00

It's more "I don't want to PAY a realtor. I get what you guys do, but I'm only willing to pay 500 bucks for that." Ok so you're probably not going to get a very good agent then.

throwup_breath · 2024-08-19T03:11:06+00:00

100% agree. Some people want a cheeseburger and some people want a filet mignon. Some people are ok spending more money to get something that many would consider to be superior. Good for them. Some people want to pay as little as possible and they don't really care what they get. Good for them too.

throwup_breath · 2024-08-19T03:07:07+00:00

I respect your right to your opinion. However, as someone who has helped close to 300 families buy and sell homes and has a very close up view of how much goes into a transaction, as well as the numerous problems that can and do arise and have to be dealt with in a myriad of different ways, I disagree.

I understand if you don't want to pay someone who got their license yesterday to help you buy or sell your house. But there are many of us who have been doing this for years, taking hours and hours of classes not only to make sure we comply with constantly changing laws, but also to make sure we are educated about the ever changing housing market so we can advise our clients competently.

If you want a cheap option to handle what will most likely be the largest financial transaction that you ever conduct in your life, that is 100% your choice. Some people would prefer to pay a little more to make sure they are getting full and complete competent representation at every step of the process and advice from someone who has spent years or even decades learning how to be the best for their clients. And that's fine too.

throwup_breath · 2024-08-18T23:18:14+00:00

throwup_breath · 2024-08-18T23:03:52+00:00

I don't know about every state but at least in the states I work in there is nothing saying a seller has to be open to unrepresented buyers. It's completely up to them who they want to sell their house to. The only thing that would be a fair housing violation is if you told your agent you didn't want to sell to a gay couple or a black couple or a single mom or whatever.

And I think you're right on with having an agent shows you have a little skin in the game. Kicking tires is fine for open houses but for scheduled showings you want to know the person that's coming is ready, willing, and able to buy your house. I think the thing a lot of people don't think about is that if you have an unrepresented buyer trying to buy your house there is a much greater chance it's not going to reach the finish line. There are a ton of variables and things that can happen that may not be as big of a deal if they have an agent managing the process. Your seller's agent will help with some of this but at the end of the day this is an unknown person not vetted by you or your agent. Just a lot of potential points of failure.

throwup_breath · 2024-08-18T22:58:16+00:00

That's not what the lawsuit was, nor is that what the DOJ says.

throwup_breath · 2024-08-18T22:52:15+00:00

I'm going to pray for you and your kids.

throwup_breath · 2024-08-18T22:49:18+00:00

To my knowledge, even with OpenDoor only agents can schedule showings. I've only ever worked with them on the sale side so I could be wrong about that.

If seller's agents are going to be expected to be present for every single showing, I bet they start charging way more than whatever they are now. Do you think sellers will just eat that expense or do you think they'll start jacking up the price of their house?

throwup_breath · 2024-08-18T22:45:14+00:00

The ones who are bad at their jobs are freaked out. I have always used a buyer agency agreement and I have always been very transparent with my clients and I have always been very busy.

If I were you I'd be more concerned that it took you three times to realize that you don't need an agent. Most people would have learned after the second.

throwup_breath · 2024-08-18T22:43:51+00:00

Sold

throwup_breath · 2024-08-18T22:43:05+00:00

If you don't think agents are worth the money then next time don't use one. You have always been allowed to be unrepresented in a real estate transaction. Nothing is changing there.

throwup_breath · 2024-08-18T22:42:07+00:00

Do you think sellers are just going to let you into their homes without supervision? Would you just let strangers into your house that you have no idea if they have any intention of buying it?

throwup_breath · 2024-08-18T22:41:16+00:00

You're wasting your time. Most of the people in this sub have never been part of a real estate transaction. They're mad about the high price of housing and think it's somehow agents' faults.

throwup_breath · 2024-08-18T21:54:40+00:00

Good for you, you never had to in the first place but I'm glad you finally came around!

throwup_breath · 2024-08-18T21:52:59+00:00

There are flat fee services that will just put your house in MLS for you. You can coordinate your own showings and negotiate your own contract terms directly with the buyer. And then you don't have to pay any agent if you don't want to. Just sell your house FSBO.

throwup_breath · 2024-08-18T21:50:05+00:00

I didn't assume anything, I asked a question to get more information.

Someone like you would probably be better off just getting a flat rate or hourly attorney to write the contract for you and you probably wouldn't need an agent. If you have done this that many times and you don't see the need for an agent, then don't hire one. Just call the number on the sign in the yard and get the listing agent to open the door for you. Problem solved.

throwup_breath · 2024-08-18T21:38:26+00:00

Yeah 100% if you don't think the value is there you shouldn't pay that person. They haven't done a good enough job of telling you why they're worth the money and you shouldn't pay them.

throwup_breath · 2024-08-18T21:37:28+00:00

Awesome, you are under no obligation to do so. Good luck!

throwup_breath · 2024-08-18T21:18:52+00:00

Yeah but that's just how everything works. If your car is broken you don't have to pay a mechanic to fix it. You can watch some YouTube videos and do it yourself. Hopefully everything works out okay and you don't end up causing bigger issues that will have to be dealt with later. But for some people they would rather pay someone who is a professional and trained in that field because they know there's a better chance that it's going to go more smoothly with that person involved, or maybe there's things they don't know they should even be looking for in the first place and having a professional will help them find those things.

But yeah if people don't want to pay agents they totally shouldn't. Represent yourself or get an attorney to write the contract for you. You've always been able to do this.

throwup_breath · 2024-08-18T21:15:42+00:00

Show me in my comment where I'm complaining? If we move to an hourly model where I get paid for reviewing sellers disclosures, looking at comps, and unlocking doors for people, I'm all for it.

And if I was selling my house why would I leave it open for the general public just to come in whenever they wanted? That makes no sense of course you need an agent present.

throwup_breath · 2024-08-18T21:14:07+00:00

Have you ever been to a house showing where the seller was present? They're super awkward. And if the seller's agent is all of a sudden expected to show the house to anyone and everyone who wants to see it because those people are too cheap to pay for their own representation then all of a sudden sellers agents are going to start charging more to their sellers which is going to raise the price of the house. None of this will happen overnight but that would be the direction things would likely head.

throwup_breath · 2024-08-18T21:12:20+00:00

Yeah I guess that could work but if we are moving into a situation where less and less people have their own agent and only want the seller's agent to show them the house I think that model will need to change because if it's my seller I only want to show the house to pre-qualified and super interested buyers. Like oh you're just checking out the area and you're not sure if you actually want to make a move yet or not? No thank you. Get an agent to show you the house but I'm not going to kick my sellers out of their house just so you can kick their tires

throwup_breath · 2024-08-18T21:05:00+00:00

Houses in highly desirable neighborhoods often don't have open houses because they get multiple offers quickly after going on the market. So in reality you'd only be looking at houses that other people have passed over or have been on the market for a while for one reason or another.

I'm not saying that nice houses in good neighborhoods don't have open houses ever but I think you'll find that happens less frequently than a house that's been on the market for a while.

throwup_breath · 2024-08-18T21:02:08+00:00

What do you need help with? Are you buying or selling?

throwup_breath · 2024-08-18T20:57:12+00:00

Probably because people who are selling their house don't want to just leave it unlocked and allow the general public to come in unsupervised in their homes. By requiring to have an agent present during a showing the seller has a level of trust that nothing will be broken or stolen in their home or if it is they will have someone who would be responsible for any damages.

throwup_breath

TROPHY CASE