...saved a boat load of $$$ in realtor fees/commissions! I think this is deserving a celebration and a new watch! This was a first time for me selling a property w/o a realtor and turned out to be a fairly easy process —actually, much easier than what I had anticipated. With the exception of a couple of forms that required a notary, most of the documents were signed online, and the best part —the funds were disbursed and in my account the very same day the buyers signed the documents <yahoo!> I’m now convinced to never hire a realtor to sell any of my properties. Any other FSBO personal experiences out there?

 

I rate used car sales people above realtors, They have the most arrogance about a job that could be replaced with a properly designed website

 

I couldn’t agree with you more! Realtors are basically useless. However, a good real estate attorney can be worth his/her weight in gold. By the way, don’t just stop at used car salesman. New car salesmen are often worse. The world would be better off if they would go back to the rock they crawled out from under… And leave room for the realtors please!

OP, enjoy your new watch!

 

I completely understand your point of view ..

^^ and will agree w/this statement... ^^

These issues are not resolved by realtors --a realtor is just the middle person between the Seller/Buyer and the professionals who are experts in dealing and resolving these types of issues...and any other potential issue that may arise during or after the sale.

I just could not see shelling out 6% from the sale price of the property for what they provide...[/QUOTE]

 

When we were transferring to Chicagoland from North Jersey, we had a crap realtor at first who was basically chamber of commerce and had to have the truth wrung out of her. Dumped her for an Angel who helped us find the right school and neighborhood for our ADHD son, got us past the sticker shock and helped us with negotiations. I’d not tar all realtors with a negative brush.

 

I think Realtors generally add value to the deals that they help close.

 

This will probably be the case in the future.

 

by @cicindela and @Larry S accounts, seems your odds of finding a decent realtor is 50%

 

It probably also depends where your property is. If its in a highly desirable area its probably quite easily done.

 

Yep, that’s because it is the highly regarded “t Swiss made t” foundations

 

Purchased my house in a bidding war. Sold in 6 days. Realtors did very little. And we paid over asking.

 

With Zillow and other sites like greatschools.org ; one can more readily buy or sell a home today. Back when the Realtor controlled listings via the multiple listings - they had a monopoly and could get away w 6% commissions. The technology today is destroying that model and we are starting to slowly see commission rates go down. Do I see the hometown value of a broker who knows the area ground up and can offer valuable services to aid in that transaction ? Absolutely. But at a reduced % ...

 

No offense to any realtors here, or parents, but most people do their own homework now and find listings online. Not like in the past where the realtor drove you around and did the work for you. My last home sale I used a hand off realtor who just listed the property and charged a flat fee, less than 1K. In the end I only had to buy the buyers agent. 6% commission is far too much for what they do nowadays.

 

I honestly couldn't agree more. I found my house, not my realtor. And to your point, no disrespect to any good realtors, some of you work very hard and there is value there.

 

So well said. It's true !!

 

majority of realtors like to get just listing and wait for other realtors to sell for them thru the multiple listing .
it's amazing what you can sell by sticking a sign on the property or doing a simple listing on Craig List.
all the paperwork it's handled by a Title Company anyway, which is paid anyway.
But if we're selling a commercial building, that's a different story !