You have a good point. Realtors hold the general population hostage to high prices because they control MLS. If there was a competing service that anyone could access then the market would be totally different. If I could spend a certain amount, say $100, to access something like MLS then I would never have to spend another minute with a realtor taking me around to look at homes since I could do it myself....which I would prefer. I could get a much better deal on a house if the seller did not have to pay extortion fees to the realty company.
If I could spend a certain amount, say $100, to access something like MLS...
How about paying NOTHING? Make it available to everyone with an internet connection. List your house on there, and the whole transaction updated by the local government who collects the taxes and fees for the sale.
How about paying NOTHING? Make it available to everyone with an internet connection. List your house on there, and the whole transaction updated by the local government who collects the taxes and fees for the sale.
Hey, I was just going to let someone make a decent profit for services rendered. In my opinion if I could by a subscription to something like MLS for $100 for a few months while I was looking then it would be well worth it. What ISN'T worth it is paying a realtor 6% of selling price when homes in certain areas have doubled in places like CA in a short time. Are the realtors now doing 2X the work? Of course not, they are doing less since homes stay on the market only a short period of time.
The government is now looking into the realty business as a whole and investigating the percent based fee structure. They could be in for some regualtion. I for one would laugh. It is about time realtors get paid a FAIR wage for services rendered, not huge sums of money for what amounts to something a HS drop out can do.
3500 available , 2-3 year wait, according to the article you linked, maybe he is just talking about it? 
redgtxdi
Diamond Member
- Jun 23, 2004
- 5,464
- 8
- 81
Ronstang is correct......................The internet is currently changing things in Real Estate and will to continue to change them until realtors will probably be a thing of the past.
The only middle men left will be your local city/county ordinances and house will soon for a "trade protocol" that anyone can follow. The REALESTATEEEEZ will be taken out of the lingo so that folks will know when houses are "qualified" and have "passed" for all inspections.
Real Estate agents are waaaaaaaaaaaaaaaaaaaaaay overpaid!! My sister is one and she's already making the transition into "APPRAISAL"!!! (she sees the writing on the wall w/ more & more people having access to MLS)
I don't know what'll happen to brokers, however. My guess is that they'll probably move solely to "finance" so they'll have to evolve, but won't be 'sidelined' by the changing of the guard in real estate.
I can't wait to watch the bubble burst!!! Trust me, the things coming around the bend will make house buying quite interesting.
If you haven't bought your first house yet, don't worry. You younger kids will probably be among some of the first to make having a "SECOND HOUSE" commonplace!!! (NO BULL!!!)
The only middle men left will be your local city/county ordinances and house will soon for a "trade protocol" that anyone can follow. The REALESTATEEEEZ will be taken out of the lingo so that folks will know when houses are "qualified" and have "passed" for all inspections.
Real Estate agents are waaaaaaaaaaaaaaaaaaaaaay overpaid!! My sister is one and she's already making the transition into "APPRAISAL"!!! (she sees the writing on the wall w/ more & more people having access to MLS)
I don't know what'll happen to brokers, however. My guess is that they'll probably move solely to "finance" so they'll have to evolve, but won't be 'sidelined' by the changing of the guard in real estate.
I can't wait to watch the bubble burst!!! Trust me, the things coming around the bend will make house buying quite interesting.
If you haven't bought your first house yet, don't worry. You younger kids will probably be among some of the first to make having a "SECOND HOUSE" commonplace!!! (NO BULL!!!)
Budmantom
Lifer
- Aug 17, 2002
- 13,103
- 1
- 81
Yeah that's what I want is all sorts of people trancing through my house because they paid their $100 mls fee.
You and Ornery are onto something, creating a newer and better mls where anyone can go through your house and do whatever their little hearts desire. Sounds like you guys are in for a payday :roll:
Tom
It not very had to find "hard to get cars" like the SLR. I work for a car dealership, a few months ago a guy traded in his AM Vanquish and we ordered an SLR for him, got it in about 3 months.
With the right about of cash any of these "rare" cars can be bought. A few months ago another dealership delievered a Veyron (which has not been offically released yet) to a customer. (For 2 million).
With the right about of cash any of these "rare" cars can be bought. A few months ago another dealership delievered a Veyron (which has not been offically released yet) to a customer. (For 2 million).
Let me tell you guys something...Realtors will be around for a long time to come. It is true that many people can and do successfully sell/buy homes without the assistance of a realtor, but 95% of the population would have no idea how to go about buying or selling a home by themselves. As I said above I work for an extremely large real estate company that is one of the (if not THE) forerunners of providing internet services for Realtors and their clients.
The face of the real estate industry is changing, but realtors themselves will be around for a long time. Perhaps the percentages of comissions will decrease but the vast, vast majority of people simply do not have the time, energy or expertise to sell/list/buy a home on their own and therefore they will be more than content to have a realtor do it for them for 4%.
The face of the real estate industry is changing, but realtors themselves will be around for a long time. Perhaps the percentages of comissions will decrease but the vast, vast majority of people simply do not have the time, energy or expertise to sell/list/buy a home on their own and therefore they will be more than content to have a realtor do it for them for 4%.
Originally posted by: Hexx
It not very had to find "hard to get cars" like the SLR. I work for a car dealership, a few months ago a guy traded in his AM Vanquish and we ordered an SLR for him, got it in about 3 months.
With the right about of cash any of these "rare" cars can be bought. A few months ago another dealership delievered a Veyron (which has not been offically released yet) to a customer. (For 2 million).
you have any pics of that bugatti?
...a newer and better mls where anyone can go through your house...
WTF does a MLS have to do with people going through your house? :roll: You list it, you field the calls and appointments for when it suits YOU!
And, last time I checked, these GD real estate vultures were splitting 6-7% for the privilege of listing and selling your home. Yeah, the same ones whose only interest in having an open house in your home, is more sheep to sheer. They know damn well your house will sell sooner or later, no matter what they do.
Wouldn't hurt a damn thing to have a national database of homes for sale... well, except the bottom line of some overpaid leeches!
WTF does a MLS have to do with people going through your house? :roll: You list it, you field the calls and appointments for when it suits YOU!
And, last time I checked, these GD real estate vultures were splitting 6-7% for the privilege of listing and selling your home. Yeah, the same ones whose only interest in having an open house in your home, is more sheep to sheer. They know damn well your house will sell sooner or later, no matter what they do.
Wouldn't hurt a damn thing to have a national database of homes for sale... well, except the bottom line of some overpaid leeches!
For every 1 successful RE agent, there are 100 that are just scraping by like every other working stiff. If real estate is such a fast and easy way to get rich, everyone would be doing it.
Around here you see FSBO and you run the other way. They are almost always overpriced, often as much as 10%. People list FSBO, they seem to think that not only will they save on the realtor's fees but that the realtor is underpricing their houses. You see a FSBO you like and you wait around hoping they wise up and list it for real....at a sensible price.
I'd hate to have a government-operated MLS service. They'd probably make such a mess of it that realtors would be even more expensive. No thanks.
Around here you see FSBO and you run the other way. They are almost always overpriced, often as much as 10%. People list FSBO, they seem to think that not only will they save on the realtor's fees but that the realtor is underpricing their houses. You see a FSBO you like and you wait around hoping they wise up and list it for real....at a sensible price.
I'd hate to have a government-operated MLS service. They'd probably make such a mess of it that realtors would be even more expensive. No thanks.
So what is it that you do for a living?
CNC machinist.
I'd hate to have a government-operated MLS service. They'd probably make such a mess of it...
Doesn't need to be any more than a database of property for sale. They keep similar accurate records of existing parcels without a hitch. A simple flag of property for sale and sold could be set by tax & title records, which are updated in the sale transaction.
I gladly paid my realtor 1.6%
You haggled them out of the customary 3%? Bottom line is, 5-7% of the money paid by the buyer gets divvied up by agents and brokers. WTF? That's about $10,000.00 on a $150,000.00 home! At $30.00 per hour, that's 333 man hours worth of work for one single property! Yeah, right... :roll:
CNC machinist.
I'd hate to have a government-operated MLS service. They'd probably make such a mess of it...
Doesn't need to be any more than a database of property for sale. They keep similar accurate records of existing parcels without a hitch. A simple flag of property for sale and sold could be set by tax & title records, which are updated in the sale transaction.
I gladly paid my realtor 1.6%
You haggled them out of the customary 3%? Bottom line is, 5-7% of the money paid by the buyer gets divvied up by agents and brokers. WTF? That's about $10,000.00 on a $150,000.00 home! At $30.00 per hour, that's 333 man hours worth of work for one single property! Yeah, right... :roll:
Who the heck charges $30 as a professional service??? I can't even hire onshore Indian IT developers for that cheap. Letalone a professional who can adequately help me prepare, position, and market my primary asset. I mean, you are basically hiring a salesman, just as if you ran a company and had a product to sell. In general, the ONLY companies that can do well in business without a professional sales staff are companies with something very unique or niche to sell, with little competition. Trust me, your house is likely to be neither. When selling a product that is hard to differentiate in the marketplace, it all comes down to sales and marketing. Some people can do that themselves, a lot more than that THINK they can, and most are happy to just admit their limitations and hire someone else...the trick, just as in business, is to be able to hire the right salesman, not junk.
Future Shock
0roo0roo
No Lifer
- Sep 21, 2002
- 64,795
- 84
- 91
mclaren is kewl. supercar with the budget of a big car company so you don't get skimped on all the features of a regular car.. like safety comfort and reliability and plus.. it sorta blends in better then totally vulgar cars like lambos and ferraris. only car nuts know what a mclaren is...average woman just sees it as a nice merc..
and plus.. it sorta blends in better then totally vulgar cars like lambos and ferraris. only car nuts know what a mclaren is...average woman just sees it as a nice merc..Who the heck charges $30 as a professional service???
OK, that's $60.00 per hour for 4 straight weeks worth of work on one sale. In other words... LUDICROUS!
OK, that's $60.00 per hour for 4 straight weeks worth of work on one sale. In other words... LUDICROUS!
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