Re:Investors bought a quarter of US homes sold last year
by throwaway_4ever on Wednesday August 24, 2022 @02:58AM
(#32575776)
No, I misspoke by saying “every single person.” It’s true that direct off-market sales can avoid paying realtors and two parties agree amongst themselves. Depending on jurisdiction it’s around $2k for all the title transfer, notary, and other fees. But this is quite uncommon.
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Re:Investors bought a quarter of US homes sold last year
by yunohn on Wednesday August 24, 2022 @09:36AM
(#32579266)
It’s only uncommon because people know they can get higher bids in the open market, and use a broker to facilitate deals. If housing prices weren’t always going up, that could change.