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A comment on Zillow has listed 93% of the hundreds of Phoenix homes it owns at a loss. Parent comment

Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by djrogers on Sunday October 31, 2021 @05:03PM (#29060412)
> Right now middle men skim close to 10% off each transaction.

It’s 5% at the most in most markets right now, with lost of options for even lower commission or flat rate listings.

[ Parent | on HN ]
Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by pxeboot on Sunday October 31, 2021 @05:17PM (#29060541)
That only covers the agent commissions. The mortgage industry also charges substantial fees with little to no benefit for the buyer. Origination fees, lenders title insurance, appraisals, etc...
[ Parent | on HN ]