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A comment on My second year without a job. Parent comment

Re:My second year without a job by NewJazz on Saturday December 07, 2024 @09:01AM (#42349893)
High transaction fees on sales. Typically at least 5% in US, not sure about Canada.

Also don't forget taxes, insurance, mortgage interest needs to get paid while house is in your hands. Most mortgages have lots of interest during the first few years.

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Re:My second year without a job by MarcelOlsz on Saturday December 07, 2024 @10:24AM (#42350364)
5% for me + various breakage fees and other minor costs.
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Re:My second year without a job by NewJazz on Saturday December 07, 2024 @10:58AM (#42350555)
Can you imagine if buyers and sellers only had to pay, say 1% each? The whole market would become a lot more liquid. But nah, brokers are essential and have your interests at heart.
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Re:My second year without a job by s1artibartfast on Saturday December 07, 2024 @12:50PM (#42351394)
They absolutely aren't required and fees are negotiable.
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Re:My second year without a job by MarcelOlsz on Saturday December 07, 2024 @01:38PM (#42351775)
Yeah sure but then nobody will ever see your property for sale unless they drive by it. Purplebricks also shut down in Canada.
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Re:My second year without a job by s1artibartfast on Saturday December 07, 2024 @03:37PM (#42352701)
What do you mean?

Im not sure about Canada, but Private individuals can list on redfin and Zillow in the US. MLS posting must be from a broker, but you can hire one flat rate upload your listing

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Re:My second year without a job by MarcelOlsz on Sunday December 08, 2024 @08:14PM (#42362230)
You think I should instead list on redfin/zillow instead? Never considered it before. Do you know of any others?
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Re:My second year without a job by NewJazz on Saturday December 07, 2024 @01:38PM (#42351776)
Lol yeah. Biggest joke ever.
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Re:My second year without a job by throwaway2037 on Saturday December 07, 2024 @09:10PM (#42354474)
This issue is frequently raised on HN. If estate agents only got 1% of sales, then could not even cover the cost of an office and (usually) a car and pay them self a middle class wage. Most people buy one or two houses in their entire life. It makes sense to have an expert to guide them through the process.
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