[rtkwe]

Here in North Carolina the buyers realtor fees are entirely paid by the seller so there's really no reason not to get one. Ours was really helpful in getting things lined up and providing checklists and support when we had questions.

[adanto6840]

If the seller stands to pay your agent 3% of the sale proceeds, the seller will typically be happy to reduce the price by 3% if you don't have an agent.

I just sold a condo in Minneapolis using a flat fee company -- fantastic experience and will never use a realtor again, save for maybe if looking internationally in a very unfamiliar area perhaps.

[paulddraper]

I just use flat-fee agent in Utah. $95. Same experience.

If you want an industry ripe for disruption, consumer real estate is HUGE. Got a couple start ups in my area trying to do that.

[flamedoge]

area where it concerns overhead due to law seems does seem ripe for disruption. But my concern is that this isn't a technical challenge, but rather political/legal one.

[paulddraper]

I mean that the buying/selling process is rather backward in technology and there's a lot of misunderstanding. The difficulties are less political and more inertial.

A primarily digital brokerage would be (is) a huge improvement.

[gnopgnip]

This is generally not true. The seller of the home has a contract with the listing realtor. If there is no second realtor the listing realtor will usually get 5% or 5.5% instead of just 3%.

[paulddraper]

Depends. If that's the situation, you find a realtor who will sign and give you most all of their commission.

[paulddraper]

That is typical across the US.

The price is 6% higher than the actual value, so that the buying and selling realtors get their cut.

But if you don't have a buying realtor, any offer you make it looks 3% higher to the seller, and you can recoup most or all of that.