Quote:
|
Originally Posted by Houdini
In a hot market like California, where agents don't have much trouble selling, companies like http://www.helpusell.com only charge $9,995 flat rate and do everything that someone selling it for 6% is doing. In Santa Barbara, recently I read about two attorneys that partnered up and are selling homes for $9,995 up to $1 mil or 1.5% for homes over that. With a median price here of $1.2 mil, that's a huge savings. It's funny because other agents here are getting pissed at those two guys, even went so far as to try to get their real estate licenses revoked. |
Yeah when you work the excesses out of the market and kill peoples income, it tends to do that. Stock brokers were and are still really pissed at the comission structure and the interent for automating and simplifying and demystifying the process, but this is what is coming for real estate and nothing they can do will stop the inevitable drop in comissions.