There is a certain section of society that thinks they can do everything themselves. I am all for a do-it-yourself project, but find that usually it pays to have someone else do it for me. I find that professionals can do it better, and quite frankly, after saving me time to allow me to stay productive in my work and earn more money, they can do it less expensively. For those of you that think you can sell your home on your own, known as a For Sale By Owner (FSBO), good luck with that! I know there is a perception of big savings. Let’s apply some logic and fact to this.
Blog Category: realtor commission
I sometimes hear how a buyer thinks they can save 3% by cutting out the buyer agent when buying a home, then representing themselves, and end up saving 3% by dealing directly with the listing agent. And I think I will do my own surgery, represent myself in court and put a new roof on my house on my own. Sure you will represent yourself in a real estate transaction, why not? It is easy and it takes almost no time at all. I hope you see the sarcasm in those last statements. There are many things wrong with thinking you can represent yourself when buying a home.
Does anyone know how Realtors really get paid? I know people love to complain about Realtors and how they “get 6%” of the sales price, but that is not the whole story. It’s barely any of the story. I love to beat up on any industry with grossly overpaid and inefficient workers as much as the next person, but only if it is merited.