What real use are real estate agents if we can sell our home ourselves?
In: Economics
I don’t believe they are that useful. Buying home involves big money, so industries have been created off of injecting them selves into the transaction and taking single digit percentage of the cost. Which adds up when your talking $100k + deals. There’s agents on both sides, home inspector, underwriter, lender, title insurance, lawyers, and appraiser. Out of all of those people, the agent is the least qualified to do anything with the purchase or sale of a home. They will say, “how will you market your home then”. With all the home selling sites now. It’s as simple as posting it on zillow or some other site. Every time we bought a house we searched these sites and then sent them to our realtor. She rarely had anything above and beyond what these sites offered.
That being said, I believe there are some smart people that know the game and can help get you the best deal out of the transaction, but most of them probably are not worth 10k on a single deal.
But then again, if you don’t want to apply any effort then pay them to do it.
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