Re:Show HN: 77 Year old launches SaaS platform today. Seeks ...
by montgomster on Saturday June 17, 2023 @09:25AM
(#36369977)
PropBox would be very happy with buyers at 50 percent of the market. PropBox believes that there are good agents but there are way too many not so good agents. It is hard to distinguish what kind of agent you have until you start working with them.
Re:Show HN: 77 Year old launches SaaS platform today. Seeks ...
by sokoloff on Saturday June 17, 2023 @09:35AM
(#36370039)
> way too many not so good agents
This is exactly my experience. In shopping for my first house, I had a clear idea of what I wanted and a budget that matched that and the first four agents I worked with were nearly useless. (This was before web-MLS was a thing.) The fifth was a breath of fresh air and I would happily use them again.
Re:Show HN: 77 Year old launches SaaS platform today. Seeks ...
by ipaddr on Saturday June 17, 2023 @02:25PM
(#36372946)
Are you saving 5-6% but selling at 10% less than you could? In some markets bidding wars are common. The extra 25-50% of bidders pushes up the price usually worth more than 5%
Re:Show HN: 77 Year old launches SaaS platform today. Seeks ...
by montgomster on Monday June 26, 2023 @07:02PM
(#36487008)
sokoloff, on the point about the second negotiation on the inspection. The industry has this backwards. We recommend the per-purchase inspection for several reasons. 1. It takes the liability away from the seller stating what the condition is and moves it to the inspector. 2. by sharing it with the buyer before they make an offer you save them a bit of money, earn some trust as showing transparency, and 3. eliminating the stress of the second negotiation 10 days before closing and no one is available to fix a problem. You are making your home easier to buy. The easier you make it for the buyer, the faster you will sell and the better your price will be. Most buyers want a home in great condition.
If I was working with an agent, I’m sure they’d discourage me from that listing, but as a seller in a reasonable market, I’m willing to give up a few possible buyers to save 5-6% on a 7-figure transaction. (I’ve also seen FSBOs that offer X% to buyer agents.)
I will say that agents did do some work to make the transaction complete on both of my house purchases. Negotiations after the inspection can be tense and a good agent can help both sides get to the closing table.