Ok now all you retired realtors don’t jump down my throat Ok,
I know you all work very hard, just a question. I also know that without the multi-list a seller is sunk.
Does anyone feel it isn’t fare that people sell a little townhouse or apartment for $450 thou (in my area) and the realtors get $24 thou they put in the same effort (or less no Ho dues and covens to explain) to sell a house at $850 thou (median in my area) and get $51 thou.
Isn’t 6% high in this economy in a market were the houses have such a huge price tag. (Many of the houses in my town are over a million.)
Three things sell houses as I understand it.
1. Priced correctly - A good realtor doing a good assessment (estimated hours spent 5) of the market and comps. , and the seller accepting the recommendation.
Responsibility: Seller and Realtor in concert.
2. Staging of the property.
Responsibility: Seller
3. Marketing of the property. (estimated hours spent 100)
Responsibility: Realtor.
If all the above situations are met I am told a house should sell now that the market is partially recovered in 120 to 160 days at the longest. That is $319 a day if they have eight listings that is a million a year. I will after totally renovating my house break even or loose money
and my realtor (and whomever the realtor who is working with the seller is) will jointly make $60 thousand. (I won't even start on the 1.78% the state gets)
Ok I have vented feel a little better. Have to go work on my kitchen remodel.
Thanks for listening.