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A comment on The Invisible Reason for High Housing Prices: Restrictive Land-Use Regulations. Parent comment

Re:The Invisible Reason for High Housing Prices: Restrictive... by LapsangGuzzler on Friday July 07, 2023 @11:38AM (#36633383)
A friend of mine just represented himself in a transaction in a hot market. Typically, the seller cuts 6% which gets split between the buying agent and selling agent. What he did was negotiate that down to 3% to the selling agent and knock another 2% off of the final price.

> It’s really unfortunate that there is a 3-6% drag on real estate transactions

That’s because dealing with real estate is very difficult and tedious, as we’ve seen companies try and fail to disrupt this system.

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Re:The Invisible Reason for High Housing Prices: Restrictive... by mrep on Friday July 07, 2023 @12:03PM (#36633752)
I did something similar when I bought my place. Negotiated the 2.5% buyers fee to go towards closing cost. Paid for all the closing costs and my mortgage guy baked in like 4 months worth of property taxes into it to soak it all up.
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