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0 pointsbluGill2y ago0 comments

There are flat rate realtors where I live. However they are only 50%, the still give the same 3.5% to the buyers agent, but they take for themselves a fixed rate to get you on MLS. I'm not sure if it is a good deal - they still charge high prices relative for what they do for you. (it is cheaper than a full agent, but they also do much less)

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3 comments · 1 top-level

Kirby642y ago· 2 in thread

You just don't sign a contract where you give a buyers agent commission, although again this limits the pool. Frankly, buyers agents are largely a scam in my view. With MLS, Zillow, Redfin, etc, their 'experience' seems mostly worthless. It certainly is not worth 3% of the cost of a house.

If anything, sellers agents are more useful since they actually offer something valuable to the real estate experience (e.g., listing housing, photos, providing buyers access, etc).

bluGillOP2y ago

Buyers agents know better how to search the MLS system (though only a few do this). They also line up times to see houses, and take time to drive you to each. So a good buyers agent has spent about 8 hours of time to each buyer, plus expenses. I agree they are getting far too much, but they still are valuable.

Wytwwww2y ago

> but they still are valuable.

All of those things seem to be pretty simple and worth barely of fraction of $2000 per hour (if they actually only spend 8 hours in total? I mean at that point it might make sense to spend 40-80 hours to do the same things yourself instead depending on your income).

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