Re:Zillow has listed 93% of the hundreds of Phoenix homes it...
by throwaway803453 on Sunday October 31, 2021 @05:08PM
(#29060449)
Personal story, I sold my home in Austin in July of this year. I was going to sell it myself but instead found a 1% broker. It was listed at $525k and I would have taken $495k. Because I don't negotiate for a living and because $495k is a lot in comparison to what I paid, _anyone_ could have easily talked me down from $525k. But because they called the broker instead of me the property sold for $547k. The broker also encouraged me to offer only 2.5% to the buyer agent instead of the 3% that is typical.
So yes, if you can keep your cool, keep your mouth shut, forget how much you already profited, and have a bit of greed in you, then sell it yourself. Otherwise outsource this job and pay as little as you can for it.
Re:Zillow has listed 93% of the hundreds of Phoenix homes it...
by ssharp on Sunday October 31, 2021 @05:05PM
(#29060432)
I've sold two houses in normal markets without an agent doing what the above poster mentioned. I talked to a handful of seller agents and none could articulate any value over just doing a flat-fee MLS listing. Some were completely unwilling to come down to 4 or 5% commission and typically the ones who insisted on 6% also insisted on listing the house below market value.
I was more than happy to plop down a couple hundred to list on MLS and pay the buyer agent a 2% commission. We had a pretty boilerplate purchase agreement and then the title company handled the rest.
On the flip side, buying with an agent is handy in a hot market, because they can help you get bids in by having access to sellers realtors and knowing in advance when a home is coming on the market.
That said, my last purchase definitely didn't need the involvement of a realtor at all.
(You're totally right that I misremembered the 10% number, btw).