[mym1990]

* All agents are not created equal

* A good agent is absolutely worth it

People aren't really arguing against these things. I don't get it, if the settlement didn't really change anything, why is everyone making such a fuss about it?

My other question is, is there a linear correlation between effort to sell a home and its price? Is a 3 million dollar home 3x the effort to sell over a 1 million dollar home? Because I pay 3x the money to sell it...or am I paying for the "connections"?

[noirbot]

That may be a bad example - I'd imagine once you're into the multi-millions, connections actually do matter in a way they don't if you're trying to sell a $400k house.

I doubt it's much harder to sell a 600k house than a 300k house, but it could be quite a bit harder to sell a 4m house than a 2m house just because there's so many less buyers in the pool and they're likely to be a lot more particular than just wanting a roof over their head.

[poulsbohemian]

>I doubt it's much harder to sell a 600k house than a 300k house

It's not about the price per se, it's about the house. If median income in an area is such that the $600k house is "luxury" then it is going to be a lot harder sell. Or for example, I've got a property right now at $559K that is extremely unique and needs probably $150K+ worth of work - so there it sits. Meanwhile, sometimes those $300K houses are super hard to sell if they need a new roof, new HVAC, etc but no one in the area has the $15K it is going to take to actually do the updates because they have just barely enough cash to make the down payment.

I feel like I need to comment here that just because $600K is the cost of a shoebox in a place like Silicon Valley doesn't mean that it isn't a lot of money in many other markets. There are many places in this country where $10K or so in needed repairs to a home might truly be a breaking point for some people.

[poulsbohemian]

I was asked to put together a listing presentation on multiple properties that when combined together represented approximately $18MM in luxury real estate. At that level, it's connections but also the cost of marketing. I estimated I needed a minimum of $100K marketing budget - and ironically the sellers representatives laughed at me and then struggled to sell the properties for years because they couldn't market them effectively.

$3MM anymore may not be a particularly luxury property anymore in many markets. That said - it can cost $$$$ / month for staging and $$$$ for drone work, video and photo work, all the social media and other marketing. Even that $300K house someone else in the thread mentioned, I am in it easily $1000 in my marketing costs before the sign even goes up.