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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (6767)	11/13/2002 10:29:42 PM
From: deeno	Respond to of 306849

"How many industries pay 5% to the "house"?" actually a tough question. assuming they are not manufacturers and neither take possession or risk of what is sold. travel agents selling vacation packages, casinos, software consultants, personal injury lawyers, insurance agents, hedge managers, boat salesman?, car sales, agents for professional athletes.... I dont know probably many more depending on what latitude you allow. quite frankly it took me about 10min. to come up with these so it wasnt real easy, just not impossible. "For example, I know what houses cost in my neighborhood, and what I am willing to pay" would you be buying in your neiborhood? experience counts here and maybe you dont need help to buy the house next door, but the next state or to over?. Selling it? and competeing with agents, great when low inventory, wait till the market turns south unless your house is selling for alot less ALL agents will use your house as the comp to avoid (been there done that) "What I don't know is what the process is to buy a home... inspections required, names of inspectors, appropriate costs etc. This would be my main motivator for using an agent and paying a full fee." As with most people, we want value for our 6% " I don't need an agent to refer me to some loan broker, I can get the data myself (and would prefer to)" agreed, as well as my own title insurance and escrow officer. but if he DID come up with something better then I was using I would listen, wouldnt you? That might be a good real estate person. Im not in the business or really care about agents rates, all of your points I have probably said to someone at some time or another in my life. But I have met one or 2 GREAT knowledgable agents that I have referred people to. I can tell you they got VALUE. they would no sooner work for a grand as you might (no insult intended) for minimum wage. I guess I just took exception to lumping all agent into one. End of rant.