Have you ever noticed that the real estate listing agent wants to list your home and put a sign up in from of your house for 3% of the selling price and then whoever sells it wants another 3%? For a Typical $400,000 house that is a total of $24,000! Now that is Bullshit!
Before the Internet there was value in real estate brokers since they had the only MLS on the market to spread the word of your home sale to all the other brokers who in turn told their clients. Now, we have the Internet so MLS is obsolete, yet the brokers still want their 6% for doing very little and are likely not required at all.
I sold my last house for $400,000 and no broker at all. I listed in Craig's List and sold it within a couple months. Once I found the buyer, or he found me, we simple told the local title office to draw up the documents, which they did for a couple hundred bucks. Deal was done.
Tuesday, July 31, 2007
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