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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: peter michaelson who wrote (1867)8/9/2013 12:05:01 AM
From: Jurgis Bekepuris  Read Replies (1) of 2722
 
For 5% plus of the purchase price, I bet they would happily give that up
They already can, but they don't. ;) A seller can already sell the house themselves (by owner) or go with Redfin ( redfin.com ). A buyer is a bit more limited although my super-cheap friend has found some friend-brokers who cut him 1% of their commission. But overall, we are talking about seller side, since they pay the commissions. Try to persuade someone who's selling to do it themselves or through some discount online service. Works in seller's market, but then you can get bidding wars with realtor anyway. Does not really work in buyer's market for most of the sellers.

From my and my family's experience, we could not have sold without a broker and I think we would have lost more than 5% if we tried. And mistakes were made because people did not listen to the realtor. (We are not talking about pro sellers - obviously they can sell without realtor and they do).
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