Ducky_Fresh
Treasure Hunter
I sold last month and made about 20% after the 7% in fees.
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Bay area housing market
- Thread starter 2legs2wheels
- Start date
Agent Orange
The b0y ninja
I think alot of people who are claiming this to be a bubble are just bitter they missed the boat.
You paid full fare on the fees? Houses are selling themselves right now, and inventory is tight. Seems like an excellent time to squeeze the real estate agents. I'm going to put my house on the market soon, and I know it will sell in a couple days, no way in hell am I paying my agent 3% and some buyer's agent 3% for a house his client found on the internet, anyway.
Reli
Well-known member
Ditto on the stock market.
jt2
Eschew Obfuscation
I don't know. There are some pretty well-supported arguments that the markets are overvalued.
Shiller's CAPE, which seems like a very rational way to measure value is far over historical norms (25 vs 16). Standard PE is ~20 right now.
OTOH, if you look at that chart and overlay it with the inception and rise of 401(k) inception and participation as well as small investors getting more access to brokers online it could be that those historical norms are trending permanently. Dare I say "new normal"? Maybe not.
JesasaurusRex
On a break
Yup, if you're using a realtor in this market with a standard percentage you're getting (got) hustled. If your home is valued over 300k (everywhere) either sell it yourself, or go with a flat fee place. You're paying some retard to fill out forms for you, not sell a house.
JesasaurusRex
On a break
7% is high anyways lol, I think 6% is median and practically anybody will do 5%. Like I said, over 300k there's no way I wouldn't just do a flat fee place. You got got
Yakoo752
USN
that's common in this market
as a buyer paying over ask, finding the damn house myself, and using a realtor to simply fill out forms... I am not paying them, the seller can
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JesasaurusRex
On a break
that's common in this market
as a buyer paying over ask, finding the damn house myself, and using a realtor to simply fill out forms... I am not paying them, the seller can
Yea, been that way for a while, his 7% ,hopefully, pays both realtors
Reli
Well-known member
I don't know. There are some pretty well-supported arguments that the markets are overvalued.
Shiller's CAPE, which seems like a very rational way to measure value is far over historical norms (25 vs 16). Standard PE is ~20 right now.
OTOH, if you look at that chart and overlay it with the inception and rise of 401(k) inception and participation as well as small investors getting more access to brokers online it could be that those historical norms are trending permanently. Dare I say "new normal"? Maybe not.
You have to consider there are few alternatives. CD's don't pay jackshit. Bonds are "OK" but at risk once rates start to rise.
that's common in this market
as a buyer paying over ask, finding the damn house myself, and using a realtor to simply fill out forms... I am not paying them, the seller can
I didn't pay the commission when I sold the house in 2013 either.
jt2
Eschew Obfuscation
It is actually standard for the seller to pay both commissions unless otherwise negotiated in advance.
JesasaurusRex
On a break
I didn't pay the commission when I sold the house in 2013 either.
That's what happens when you get foreclosed on
Yakoo752
USN
I didn't negotiate it...they just didn't ask.
it's in the sales contract as a standard line item - you likely paid and didn't even know it
you don't write a check, the clearinghouse cuts it
Ogier le Danois
New member
Perhaps a mod could pull up old threads from 2006-2008. I remember this exact exchange (not from you).
Markets, real estate in particular, is cyclical. Prices will drop. The question is how much it will drop.
JesasaurusRex
On a break
You probably paid 7% too then lol