Quote:
Originally Posted by sweeps
Why do these strange practices exist? Because of a very powerful realtor lobby.
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Exactly. This is what I thought. I talked to other people from regions of the world where buyers/sellers of homes always indicate in their ads - PLEASE, NO INTERMEDIARIES/AGENCIES INVOLVED!- and they agreed.
Quote:
Originally Posted by momof1in150
Real Estate Agents know the current market. They have an unbiased opinion of the house. Home owners are too emotional when it comes to pricing/showing.
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The reasons mentioned by the poster above are as flimsy as it gets. Could these agencies come up with a more hoccus-poccus justification than this? There's no better judge of what I want in a house than myself - end of story. REA do not know anything beyond what I, as a buyer, would need to know: which is, how I want the house to look like, what kind of features I look for in a house, and where it should be located.
We have bought two houses before like this, completely on our own, and we did perfectly fine. We looked on the Internet, at the area we were interested in, and that was that.
The problem is very few people question these practices and even if you would like to do things differently, you get caught in the system and the abusive practices in it, whether you want to pay a real estate agent or not. It is absolutely unacceptable that a seller who only chooses a discount broker should also have to pay half of the real estate commission of their buyer's agent. If the buyer wants an agent to take them by the hand, they should pay for his/her "so crucial" services themselves.
But I should not have to pay for half of their expense just because.
I am really hoping that this real estate market will mark the end of these useless agents. It is quite laughable.