30 years ago, my stepfather wanted to sell their home by himself....Realtors refused to show the house to their clients....If he had the tools we have today, he might have pulled it off...
In 2018 I bought a for sale by owner home. I had a real estate agent and she was pissed I didn’t negotiate a commission for her. I told her you did not find that house nor did you show it to me, what makes you believe you are entitled to a commission? Moreso there was no buying agreement in writing.
My college roommate was a year out of law school living in a new starter home when his wife found a house of her dreams. It was a bad market and houses weren’s selling - so he told several realtors that he wasn’t going to list it with anyone, but he wanted $X clear out of a sale and the first one to bring him an offer that resulted in that much to him could have everything over that amount as their commission. The house sold in 10 days and the realtor made about 2.5% and was happy to get it.
The internet has replace 80% of what realtors do, it’s long past time to end this commission grift.
We sold our home because a realtor drove a couple to see a listed home in our neighborhood. They came by themselves later to see our home and purchased it.
We sold our home because a realtor drove a couple to see a listed home in our neighborhood. They came by themselves later to see our home and purchased it.