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0 pointsbamboozled1y ago0 comments

My friend is a real estate agent, they play a major part in the psychology of buyers and sellers. Selling your dead parents home that you grew up in (for example) isn't something everyone just signs up to some website and does using a credit card without a second thought.

A good real estate agent can guide people through this process while advising them on selling at the right price while avoiding the most stress often during an extremely difficult time in their life, such as going through divorce of breakup. They of course also help keep buyers interested while the seller is making up their mind about the correct offer to take.

I find your comment ignorant in so many ways. Maybe have some respect?

0 pointsbamboozled1y ago0 comments

I find your comment ignorant in so many ways. Maybe have some respect?

0 comments

4 comments · 1 top-level

dmix1y ago· 3 in thread

Are you not just explaining "a huge entrenched social system" as OP said?

It takes a long time for cultures to shift and for people to start to trust information systems to entirely replace high touch stuff like that. And at some level there will always be some white glove service on top for special cases.

bamboozledOP1y ago

How is hiring a professional to help you sell a property a "huge entrenched social system" sorry ? No one is forced to hire a real estate agent. I bought my house through private sale.

DataDive1y ago

> No one is forced to hire a real estate agent.

but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price.

Refer to the NAR settlement that pretty much admits to this.

https://www.realestatecommissionlitigation.com/

This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices.

The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission

wolfendin1y ago

That really does say something about how unrealistic house prices are nowadays, doesn’t it?

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