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I hate uselss realtors....*rant* *blog* *cool story bro*

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marvdmartian said:
Or maybe lived somewhere where you can find rentals listed in the newspaper.....or (here's a real thriller), on the INTERNET. 😱
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cripes..what is so hard to understand? big cities like Boston are all realtor rented. Go to craigslist and tada...all the ads are from realtors, even the ads that claim to be from the owner.
 
Most realtors are just people who are still pretending they are white collar but frankly are barely fit to work the line in a manufacturing plant.
 
Been there done that, those 'realtors' really are just leeches and a middle man in the process. You have to pay them an extra month's rent just for their commission.
 
I hate f-ing realtors. I swear to God I never want to buy/sell another house, what a miserable experience that I am WAY too lazy to type out.
 
grohl said:
I hate f-ing realtors. I swear to God I never want to buy/sell another house, what a miserable experience that I am WAY too lazy to type out.
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If it had to do with you selling and them either taking too long or not getting enough money or both, save the effort, we know the drill, and oh it's a painful one, been there done that.
 
I've used the same Realtor through 23 homes I built worth every penny. A lot of you need to learn the value of delegation - it's your job to get the right person after that it's likie printing money as I couldnt sell a house to save my life.
 
I have no issues with the realtor that I used to buy my house, IMO she was well worth the commission. That being said, having to pay commission to find a rental does seem obscene.
 
bignateyk said:
Thanks for making my point. The realtors artificially inflate housing prices so they get bigger commissions, which are already a ridiculous amount.
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On a $200,000 house the commission is usually $12,000. The buyer's agent and the seller's agent split that, and then they have to pay their agency a portion of their cut. So figure each agent ends up with $3000. If they get you to pay an extra $10,000, they each end up with an extra $150. How motivated do you think they are to get you to pay more for a house? They want to get the deal done ASAP so they can get paid and move on to the next deal.
 
ppatin said:
I have no issues with the realtor that I used to buy my house, IMO she was well worth the commission. That being said, having to pay commission to find a rental does seem obscene.
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Usually the Landlord pays the commision.
 
MJinZ said:
So where are you moving into in Cambridge? I grew up in Cambridge and Belmont.
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East Cambridge. It close to the Gallaria Mall. My gf and I wanted to get as close to boston as possible (used to live in back bay). The other place we was near Harvard on MAGNOLIA AVE. Thing was that it was a basement. Not sure we could adjust to that. We need sunlight.
 
Skoorb said:
If it had to do with you selling and them either taking too long or not getting enough money or both, save the effort, we know the drill, and oh it's a painful one, been there done that.
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you are spot-on there, son.
 
Gibson486 said:
East Cambridge. It close to the Gallaria Mall. My gf and I wanted to get as close to boston as possible (used to live in back bay). The other place we was near Harvard on MAGNOLIA AVE. Thing was that it was a basement. Not sure we could adjust to that. We need sunlight.
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Hah! I work in the Canal Park offices (right next to the Galleria mall).

I grew up in East Cambridge too (Sciarappa St). My parents still own that house and they rent out, for around $1100-1200/month I think (2 bedroom units).
 
MJinZ said:
Hah! I work in the Canal Park offices (right next to the Galleria mall).

I grew up in East Cambridge too (Sciarappa St). My parents still own that house and they rent out, for around $1100-1200/month I think (2 bedroom units).
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2 beds for 1200? Man....where were you a month ago....lol. Our 1 bed is 1100.
 
bignateyk said:
Thanks for making my point. The realtors artificially inflate housing prices so they get bigger commissions, which are already a ridiculous amount.

Not to mention the fact that the buyers and sellers agent are usually working together. When I bought my last house my agent literally sat in the office next door to the sellers agent.
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If I were a buyers agent...honestly I wouldn't really care if my buyers got the best deal. Aside from the fact that I'm paid a percentage of the sale price (meaning I get more money the worse deal they get) I really just want the sale to get through so I can my money.

Based on my buying experience, the hardest thing I think my realtor did was write the offer contract. The rest of the time he drove us around or met us somewhere and acted as a gatekeeper to the MLS. Frankly, that seems like pretty easy work for a 3% sale commission on a $250K item. I realize buyers and sellers can be flighty and emotional, but its not like the realtor is actually on the hook for anything. At most they're going to be out some gas money.
 
PingSpike said:
If I were a buyers agent...honestly I wouldn't really care if my buyers got the best deal. Aside from the fact that I'm paid a percentage of the sale price (meaning I get more money the worse deal they get) I really just want the sale to get through so I can my money.

Based on my buying experience, the hardest thing I think my realtor did was write the offer contract. The rest of the time he drove us around or met us somewhere and acted as a gatekeeper to the MLS. Frankly, that seems like pretty easy work for a 3% sale commission on a $250K item. I realize buyers and sellers can be flighty and emotional, but its not like the realtor is actually on the hook for anything. At most they're going to be out some gas money.
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The amount of commission they make is almost criminal. Even the documents they "write" for you are just slightly modified versions of the exact same documents they give to every other buyer/seller.

Realtors used to have a place, but now they are just useless middlemen. The problem is that it's practically impossible to sell your home without a realtor because they have the market cornered. Realtors are like the RIAA.

People could easily list and find houses online these days and schedule appointments directly with the seller without the help of a realtor. Everything else a realtor does could be handled by an attorney for a fraction of the cost.
 
PingSpike said:
I now I know why...god damn, do you guys have to get an approval form from a waste disposal expert before taking a dump too? How many fucking people does it take to perform a simple transaction!
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It has nothing to do with a simple transaction. It has to do with the influx of renters. If you rented a place in Boston or NY, you could show it 100 times before someone has made a decision to rent. Landlords do not have that time. Lots of the rent is supplement income, so this is not their full time job. Also, when you have these influx of renters, you will want to take a worthy renter that can pay on time. Do you think landlords are willing to process people's credit score? Would you be willing to show up with your credit score every time you went to see an apt? Also, when a city a predominately management companies, what makes you think that you can successfully rent against them? These management companies, lots of times, have contracts with realtors where they pay them x amount of year to make sure they show their apt first. Post on craigslist all you want, but the truth is with in 20 minutes, your post will now be on the 5th page. Also, surprise, surprise....Boston and NY have realtors that only do rental property. They do not get into the business of selling stuff.
 
It sounds like that's just part of the game in Boston. I won't comment further since I haven't living in any major city, but I've done credit scores from landlords int he past...in fact its expected now.

They still sound unnecessary, but you'd think the property management companies would just go around them. Maybe they don't cost that much.
 
nerp said:
Fine. Buy or sell your house without one. Let us know how it went. And don't forget to post the comps and prove you really made out like a bandit in the end.
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It's not all that hard to find comps on your own now, it's called the interweb
 
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