100s of THOUSANDS OF REAL ESTATE AGENTS QUITTING THE BUSINESS..
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- Опубликовано: 11 сен 2024
- Now that the new rules for the national Association of realtors are in effect and anyone working with a real estate agent must sign an agreement. This is going to cause hundreds of thousands of agents to leave the business as it will likely weed out the part-timers and make more room for the professionals.
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MORE INSURANCE INCREASES COMING TO A CITY NEAR YOU! ruclips.net/video/v__aleicOj0/видео.html
insurance for basic cheap work vehicles is basically a legalized racket now, or you can get a suspended license(even if you are covered by work or household family policies)
Is watching you
What are you talking about Michael. The economy had never been so strong (sarcasm)
Several customers of mine are trying to sell their places here in Florida. With no luck!
I told them they should of done that a yr ago before people realized Florida isn't as great as the media told them.
@@y.cschmidlin8172😅😂😅
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too
Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.
Homes paid overprice just resets the market higher and higher.
Cha ching.
That actually makes a owner profit.
Your economics has more holes than swiss cheese. Best to get those credit hours refunded.
Let’s do lawyers next. 1/3 of a settlement most times done with a few phone calls ?
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Just bought a vacation home and let me tell you, the real estate agent did zero... we found the house, set up the viewing and told her what to do during negotiations for the best price. She also was trying to rush us during closing because she had to be sormwhere. Seller had to pay them 7k or 8k for closing. She wasn't worth $8.
Same here The bad thing was he represented both buyer and seller, which I didn’t realize at the time
Silly me, I should have walked
We all need to ( I mean ALL ) Do FOR SALE BY OWNER . We can get a paralegal to do all of our paperwork. They’re excellent. We can do it all without a real estate agent and that’s what we all need to do. Stand up stand up and tell these real estate agents to go somewhere else and go get a real job cause we do all the work anyways
@@Kava_888Please...I agree there are many bad Real Estate agents out there...but I have been through very challenging transactions that I, the agent, saw it through. Without me the deal would have been dead. Many transactions have challenges and without a great agent the level of stress between both parties is significant. For Sale Buy Owner is an option but when you run into challenges you will see the worth of a good agent. It is your job to hire the right agent not an incompetent one.
@@vidguy007in Minnesota you need to disclose dual agency.
Yes realtors are all SCAM ARTISTS
Who can afford real estate agencies when we can't afford a house.
Exactly this new rule is terrible for buyers!!
Good 1 .. short and to the point.. ☝️ and on point.. use you in Congress . Play put on a bunch of pork on bills.. that they get past that gives money to people that don't even live in this country. Run for office. I'll vote for you
Nobody.
You need one
Exactly!
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Right, the role of adisors can only be overlooked but not denied. I got financially free at the age of 49 with over $1.6m in investment account alone. I was shocked that I made more money with money than with hard work, even my CEO income. Earning "return on investment" makes me more happy. (But I still enjoy working)
Spot on. The market presents different. opportunities to create passive Income, with the right skill and proper understanding you're good to go.
You're right, the best time to buy in the market is when there's fear. A huge part of my growth has also come during this bear market. This year alone, I have scaled from 80k to over 354k.
How were you able to make that much?
Seems like I'm not lucky enough.
If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Understanding the direction of my Fiduciary-counselor Mary Callahan Erdoes Services.
I built my house myself. No bank loan or mortgage. Sold it myself without a real estate agent. Just needed a estate attorney to sign the contract. Saved $15K😊
Estate attorney? Nope. Real Estate attorney, definit LY!
50% chance you undersold it by 10%
@@iggyvillanueva6340found the agent. Such tired scripts
Sure! Where do you live now and how was the property acquired ?
Why do people think the best way to go about this is attorney 😂😂😂😂 why???? 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️
All the soccer moms are dropping out. It's about time.
lol
100 percent
👍
They will wait for that $500k-salary husbands
@@mrxiong2567 There are more real estate agents than attorneys in this country. Many of the soccer mom real estate agents that I have dealt with in business have husbands that make 500,000 plus. They are bored because they're home alone all the time so they become real estate agents.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I serve the real estate industry and I can tell you most agents are jerks, uneducated and pretentious. They act one way in front of their clients but on their back its a different story. They are just hungry for money and sales. There is a minority that are completely professional and honest.
People act in their own self-interest. Were you born yesterday?
@@MrSteeDoogo back to playing your video games
It is funny. They take a one month class, and suddenly they are special. I guess the days are gone where they made easy money. These days people don’t trust or like them.
Yea it's a two week course to get licensed and it is a strong attractor for high school drop outs. I don't consider a two week certificate a professional.
I have seen and experience, exactly what you are saying !
Next up: eliminate car dealership finance depts that won’t speak to you.
Better eliminate franchise dealer ships. Make the company owned.
@@garyjohn2802 Just like Tesla? I like that idea.
Factory Direct!!
I bought using Carvana. Best experience ever. My next car will be Carvana. Just get it inspected within 7 days. Go to your police station have them do a VIN search. Done. No more dealerships for me.😅
@@es106395 i hear ya!
commission percentages need to be renegotiated also. 6% was fine when homes were 100K but not with homes being 500K. No agent should be making 30g's per home sale.
The sellers shouldn't be making 500k either...
Wdym all the time a realtor puts in months and days. Um yeah who’s paying that time. lol
Got my real estate license at 18....I'm 59 now and still swinging the stick! Best advice I ever got when I was young .....Save your $$, Stay out of Debt, and Don't Get Married!! Timmy C Arizona
I think pretty soon we will be seeing a movement. More FSBO.....on websites like zillow or Redfin. All the easy ones. Agents will be forced to take all the crappy problematic deals. Easy ones will be FSBO...Next 5 years. Like it or not....I am also 59.
Big difference between bad debt and good debt! I agree with the marriage part tho 😅
Good advice, I am 82 and I will add a couple more, don't trust women who say they are sterile, on the pill, etc until you can verify it, and if you are considering entering into a permanent relationship with a woman, like her moving in with you, do a background check on her.
Smart boy !
Best advice I got when I was in my early years of selling real estate “the real money is in owning real estate not selling it”. After 21 years in the biz. I am happy to say Today I am a multi-millionaire 🤑
I refuse to work my whole life to pay my mortgage and give a real Estate agent 6% of my assets.
We won't either! After selling and buying homes for the last 20-some years, we have yet to find one honest agent (part-timer or full-timer). And because of this alone, we will never agree to sign a buyer's agreement and pay them anything. Every property we purchased I did all the work in finding the house, and making sure the house was in good shape...agent did very little for us. Most did not even show up for closing.
The only thing g a real estate agent did for me was talk me into a home I couldn’t afford.
Real estate agents in your country get 6% holy sh.. In NZ it's about 2.5%
@@tinasmith8241 You can't even go see a house with a selling agent without signing one.
@@hannw7 Are you that gullible ?
The gravy train is over.
Lots of money made by realtors was spent back into the economy, supported families and helped people through the process of buying or selling.
@@thatguyoverthere8355. It is price gouging. The whole system needs to be overhauled and they should be paid by the hour.
Lol@@thatguyoverthere8355
Good
@@thatguyoverthere8355 - That money will still exist. It will just be spent by the buyers and sellers themselves on their own homes, families, etc.
They don't need to be real estate agents when investors are doing a majority of the purchases everywhere.
Mmm😊😊😅
Most of my clients are investors 😂
@@tonyDa2Lo
I had an interesting conversation with somebody who buys a few properties, "as is". Now how do I know if it is legit and not some sort of disreputable person or a scam? How can I be sure that the cash is good, before turning it over or signing? How can I be sure of a fair price? Is there really any reason that I need a real estate agent? Not trying to do "For Sale By Owner" to the general public though. I don't see that I will be able to be "out of pocket" fixing stuff or improving curb appeal for "might" get a bit better price. Not ready to move yet, but wrote down her phone number. If/when I get another place and residency in another country, I may want to get my stuff into a shipping container and sell quick, not having to fix stuff and not be trying to handle stuff still, after having moved out of the country. Why should I linger? Get on with my new out-of-country life, Plan A of leaving, not Plan B "when things get bad enough". I do plan on taking my internet phone adapter and American phone number with me though, so as to keep in touch with family, friends, or to tie up any loose ends.
My house has a few maintenance issues, and very old 1970s carpet and outdated but functional kitchen, so maybe I should just take what I can get?
These investors are the ones that leave America without affordable housing
@@HULKBIGHEAD
Why don't the investors actually build more housing? Seems like they want to drive up costs and make us all homeless?
I sold a house in 2008 without a real estate agent. It's not that hard.
I just to see a By owner signs all the time. People just got lazy
I agree with you. My husband sold his home he owned before we got married to his brother with no real estate agent and had no issues with the process.
Buying or selling a home may be daunting for those who are not educated on the subject. Get educated, seek advice. You can do it
Same. Sold my house in 2018 and didn't pay a dime of the buyers agent's commission. Acquired the appropriate docs from a realtor friend, the rest was a breeze.
I just don’t want to.
Not lazy,fat,broke or anything.
Even retired in my 40s debt free with better things to do.
On the flip side, Mike, some agents tell the homeowner I can get you X more money than that other agent you talked too. They lie to get the listing. After they get the listing and it doesn't sell, they go back to the home owner and suggest lowering the price and blame it on a soft market.
@@jonathanmcguire1115 yep. I have been saying this since covid
Those agents are not lying, they are omitting facts. Yes the total purchase price on average is higher using an agent than not. However most homes were sold with concessions for years. Also there are the commissions. When all factors are taken into account the net in the sellers pockets ended up being 0.05%-0.1% higher using an agent. Now with all the online services an agent has become even more worthless.
@@redtiger7268... Electronics destroying too many massive amounts of human careers across the world profiteering the few.
Warren Buffett once said to treat investing in securities like real estate-you don't constantly check for gains. So, the recent bitcoin price drop doesn't bother me. I keep dollar-cost averaging and adding to my position, and I'm up 200% year-to-date because of this strategy.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
During bear markets, aim to 5x your portfolio by accumulating crypto and reinvesting dividends. Consult a financial advisor for help. Since 2020, my $1.2m portfolio has averaged 28% annually through restructuring with growth stocks, ETFs, mutual funds, and REITs.
Who is this person guiding you and how can i reach he/she?
I’m careful about giving specific advice since everyone’s situation is different. You might want to consider an independent financial advisor like Jessica Lee Horst. I’ve worked with her for two years and highly recommend her. See if she fits your needs
curiously inputted Jessica Lee Horst on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal
I've never worked with a real estate agent that I didn't have to initiate all, I mean ALL, phone calls. As I've said repeatedly, I just hate the process.
Same
damn
Ive never had a professional agent with 3 purchases and 3 sales
They are vultures at best
I remember looking at a house that was far cheaper than the others, but is it worth it to be in a poor location or poor neighborhood? I like the real estate agent letting me explore my options and I do not recall her being pushy. She likely knew I would not buy that house, but I still wanted to see it. The house that I did buy, I pulled down the attic stairs and took a look right then. I hear somewhere that only 5% of buyers even do that. Was nice that a part of the attic had a floor. I made a list of some issues, got seller to come down 12K. Fortunately, my Dad was good at fixing things and was able to fix a few issues.
Although I had little use for a fireplace, I later had gas logs installed. The best possible use, wall thermostat in the hallway requires no batteries and works even during power outages, same technology as what regulates a gas water heater. Vent-free and "milivolt system" means that it has terminals to connect control devices to it.
@@cheesecakefan4880 The impression I was left with, is not that they are vultures, but that they weren't all that conscientious about their job. And, how would the average Joe home seller/buyer know that, until, like Michael says, it's too late. Most people like me, only buy or sell a home two or three times in their entire life. Which, from my experience, is a good thing.
I loved my realtor! He would let me search listings which I wanted to do as I knew exactly what I wanted. I'd make a list and he made appointments for me. He used to renovate homes and flip them. When we looked at a house he would go thru it like an inspector and point out things that may have been to expensive for me to fix., he was always aware of my budget. One listing was a beautiful renovated little house but when we went to the neighborhood it was sitting among dilapidated other houses looked like crack houses. He said, "you don't want this house unless you get a pack of wolves to guard it". Another house I kind of like and he was pointing out a depression in the popcorn ceiling, his finger went right thru it, he immediately said, "we're outta here". I did find a good house, he got seller to drop $10k and $2k toward closing. It was a good experience.
I would very much appreciate having a real estate agent who is a knowledgeable advisor like that.
This man is gold!
Those are things that you could see for yourself. Were you buying long distance?
@@chevyiceraw No locally but he explained a lot about HOs ins, HOAs, comps, taxes, maintenance, ect, not just potential problems. I never would have thought about feeling the ceiling for sagging...lol! It was my first time buying. Never at one time was he pushy. If I was ever to buy again, I would know exactly what to look for.
@@zsigzsag Awesome that is exactly why I got my real estate license to help people the same way. I'm an Architectural Designer and owner of a Design Build Company. I was getting a lot of code violations for unpermitted work at properties after people had bought the home. So I decided to get my license so I can educate people about unpermitted work while buying and how much it would be to get permits etc. and be able to buy the right home for them.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
Jennafer Beaver Turner is the licensed advisor I use.
Just research the name. You'd find necessary details to work with to set up an appointment
Omg 😳 This is the king of information that we don’t get from most RUclipsrs I will get in touch with her right now
Real estate commissions are too damn high!
I will list my own house for sale.....On MLS. just pay the 100 bucks....Offer a buyers agent commish Maybe maybe not. and sell them on Redfin and Zillow. This is the future for all non problematic transactions. All the easy ones will be going FSBO in the next 5 years MAX
I will do public auction when I sell
no more
@@mikesrandomvideosgood luck
@@mikesrandomvideos I'd say go take friggin hike.
You're going through a buyers agent whether you like it or not and the agent is going to get paid his due.
Here...flips a quarter, now go buy yourself something.
Buy directly from the owner. Have a real estate lawyer handle the paperwork.
It is kind of important to determine the right price.
@@MrSteeDoo That’s the easiest part! Look at all the comparable solds, as close to what you have. Look to get your home cleaned to perfection, inside and out, keep looking at how many close each month within a mile, just like yours, that is your pool of buyers, it may be 2 a month. If so, you need to be NOT overpriced. Interview 5-6 agents, including discount brokers like Ideal Agent. Keep cleaning, bump up curb appeal, and touch up all the paint. The key is no evidence of anyone living there. Keep looking at solds, ask agents to bring comparables “solds “. See what is good & bad about your property. Make sure you have the outside power washed, no dirt or mold. With super clean fresh paint, power washed, floors professionally cleaned, everything dusted & cleaned out, and if the HVAC/water heater/ plumbing or roof needs replacing do it. That way you will pass all inspections, people like new functional components. (So do banks giving mortgages) after you’ve investigated all the solds, how many buyers each month, in what range, ask agents that you interview what they would list it at to sell it fast. Is the price near the same as what has closed in the last 6 months. Average up what the agents say and the solds and take off for flaws, and that’s your price. If it is not under contract in 2 weeks, lower the price $10,000. Until it sells. Anyone who looks at the house, and get feed back. Implement what is needed. I like to use discount brokers that close with real estate attorneys, but I usually do long distant closings by FedEx. It works out well.
@@MrSteeDoo Easiest thing ever.
Yes, because all buyers and sellers get along 😂
I got my first house by writing a letter to the owner, not the listing agent, and got the house for less than the highest offer by being honest and humble.
When, 1979? Lmao bro, that's not how it works today.
@@scottpollan6364 2018
Now they do not allow any letters to anyone
@@Jane5720I got a letter in 2016. Had an open house on the weekend and had 10 offers. It was a nice touch, but I just wanted to gtfo so I took the cash offer instead
@@Jane5720uhm. You just write a letter to the address. Whiners you can’t ?
I had 3 of the worst real estate agents in Ft. Myers FL. I fired all of them and sold it myself on Craigslist in a month!
Ahhhhh good ole Fort Misery
Great job, that's the way to do it.
Fort myers native here! Left and never looked back LOL
@@matthewm3912 Nope, left 2 years ago now in Appalachian Land.....you can keep that mess.of a county....
@@Press1for what's bad about Ft Myers?
Real estate agents are part of the problem for high prices.
it is really depending on the county and paperwork, and they get a percentage, usually too much
So , I’m overpaid? I’m the hardest working person I know. My clients can call on me 24/7.I give each of them tons of market expertise and updates, advice, counseling, continual communications and expert negotiating through often difficult transactions, in order to help each client achieve their goals. I have no 401 K, no employers sponsored benefits. If I make a 3% commission on a sale, for this example, let’s say it’s $3.00. $1.25 goes to my broker. So I.m left with $1.75. $.75 goes to Uncle Sam. So I’m left with $1.00. $.25 goes to broker fees, licenses, dues, memberships. So I’m left with $.75. I spend $.10 on marketing, and another $05 on marketing each of my listings. So I’m left with $.60 to pay all my bills, gasoline, my own home maintenance, health insurance, car insurance, home insurance, groceries, my wife’s healthcare premiums and her out of pocket medical expenses, clothes, auto repairs, etc. Yeah, realtors are part of the problem.
Agents have absolutely nothing to do with the price rise. It’s supply and demand only.
Go ahead and include mortgage loan officers, escrow officers, title reps, home inspectors, etc., etc., etc.,...
The Dominoe falls
Home inspectors are still needed but surveying is taken over by 1 guy with a drone now
@dertythegrower home inspectors are worthless. Look at the exam in your state. I could pass that test and can't hammer a nail correctly. Most of them are friends with the major realtors. You want an honest opinion pay a licensed contractor, electrician, plumber etc to inspect. They will point out the repairs. A nurse at my hospital got fired for incompetence and ended up passing the home inspection test and claims to be a house inspector with her husband. We asked her if she knew anything about house construction and she said no. She can hang wallpaper. That was it. Having worked with that dingbat I wouldn't trust her with mowing my lawn without screwing it up. Most of my friends had bad home inspection experiences as well. Just pay the professionals their hourly fee under the table to check out the house.
I'm selling by owner when the time comes and will offer to pay the lawyer fees for both sides since most young people won't have much cash left after buying their house with these prices. And honestly, if you can't afford repairs you shouldn't buy any house at all. There are always repairs.
Everyone has been slopping at the trough.
Exactly! Morgage brokers suck! They plug shit into a computer and make it seem like there the ones that got them in the house. You either meet the requirements or you dont.
A lot of agents will need to learn how to work. I’ve had experience with lazy, lazy buyer’s agents ( ended up buying without one). I will not wire earnest money on a home I’d like to make an offer on without first knowing everything about the property. Had one agent (since fired) who told me “You’ll find that out at the inspection.” I wanted to know the cell and internet provider, propane supplier, age of water heater, furnace, etc. Not my job to ask questions even. Try providing all info up front. That’s part of a job! Not my job. I’m not paying myself commission.
Most RE agents are useless.
Agreed, I wanted to know similar information and how old was the old furnace? Response from my realtor was the seller realtor is on a vacation and she doubts she'll answer the call. I was about to put money down on the property but backed out.
It sounds reasonable but it's actually not. That's like expecting the employees at home depot to know exactly where to find all 500,000 items in the warehouse. The contracts have prewritten sections for a reason, the inspection period being one of them. If you don't like the way it is you certainly don't have to buy it but don't blame the agent.
@@totalbullion5882How does someone know if they’re not told a basic question like how old is furnace? Maybe this would be the reason you don’t want to buy the property. I’ve filled out a few pages when buying property with questions such as has this property ever flooded, any problems unknown, …
But home depot employees don't make a much as realtors
In Minnesota the seller has to include a disclosure statement. This includes the age of the mechanicals, anything that affects livability like leaky windows. If they fail to disclose a problem they get sued for fixing it. If the agent is aware of say a leaky washing machine they are also required to disclose. Again if they know and don’t disclose they can look forward to being sued.
No more easy money
It never WAS easy
@@drunvert It was for some during that boom in the early 2000's. Agents just had to list it and it would sell, practically do nothing and get big$$$
If it was so easy why didn't you become an agent?
@@totalbullion5882 It was never easy money even in the best of times.
Everyone needs to make it the old fashioned way. EARN IT!
It's time to buy / sell directly, there is really no need for realtors, paying the middleman for lies and delusions which nearly always yields to bad results...
yup
If you know how to :
Negotiate
Price
Mortgage
Law
Insurance
Then you don't need any agent.
@@fcojgines1 most real estate agents don't do any of that, that's what you hire a lawyer for, to handle the closing, it's called a closing agent, let's not purposely confuse the two, we are clearly not talking about the closing agents here.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Melissa Terri Swayne’ maintains an online presence that can be easily found through a simple search of her name on the internet.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
My wife is a broker and she can't wait till the smoke clears....
37 years in the business and hopefully this will get the carpet baggers out of the business.
I hope this pushes more people to buy from by owner and just use an attorney. There really is no need for agents.
Some of the worst stories I have heard are from people who bought directly from the owner.
@@Dbb27 I've bought directly twice and have had no issues. The attorney that you use makes the deal. The language in the contract is key
@@dp.7616 absolutely if you know what you’re doing great. I have had times I have talked buyers out of a house knowing it was not the right fit for them. This is going to hurt first time buyers the most and also people coming from out of the area. It will all play out and get rid of people who don’t have others best interests in mind. I’m near retirement so whatever goes down l am about out. Ive seen a ton of scams with by owner. One couple bought a house the guy was getting foreclosed on. He pretended he was owner financing. Many of these people aren’t first language English speakers.
DUDE ANYONE WHO HAS SOLD 1 HOUSE DOESNT NEED ANY REALATOR. JUST PAY FOR A ZILLOW ADD AND FING A GREAT TITLE COMPANY AND A REAL ESTATE ATTORNEY!
FOOLS PAY 6%
I've done this many times. However, I don't pay Zillow, I pay a "broker" around 100$ to place the add on the MLS (and in turn it'll be advertised on Zillow anyway). That's all they do, I do the rest. You can find the brokers that will do this fairly easy.
What is Zillow add? 😮
Exactly... like buying a stock. You could use a full service broker and pay $20 or you could just use E*Trade or Schwab or whatever and not pay anything (the broker gets paid through the spread).
Out of curiosity, how many homes have you successfully sold with this method? I want to try it.
@@mommom3172 I know you're not asking me, but I've done it 4 times since 2013. Title company does most, if not all, of the work once you've found your buyer and negotiated a final price.
What a mess just makes buying and selling real estate harder.
we are in 2007ish again... the data chart shows it.. *the only reason the deadcatbounce saved us last month was the big 3 or 4 real estate investor groups lile blackrock* .. its coming in 3, 2, 1...
No it doesn't.
One click A.I. home buying will end this whole problem. No more broker, agent, mortgage straight from your paycheck. Yay!
That's the point... The market is a runaway train.... Needs to be regulated to bring prices back to earth and this is a start by cutting out the shady deals.
@@Thebankfisher The realtors are already coming up with ways to break the law with seller concessions kickbacks. Home sellers will be sued by buyers after closing..
We need simplification so sellers can sell directly to buyers with no middle man at all. We don't need realtors at all. It doesn't take anymore effort to sell a million dollar house than a 200 thousand house. Why should you have to pay in percentage rather than by the hour rates or a flat rate.
Real estate will be tokenized and totally streamline the process.
Let's see what happens in 2034 10-year update🎉 Marvin the MLS will be available for general public probably
The middle man will always be an attorney. Always
Thats coming. Just like the full service stock broker is all but dead.
No one wants to show their house multiple times to strangers. It’s a safety risk and people don’t want the owner in the house when they are looking.
The construction industry is dead and the lumber yards are empty of customers and are going out of business.
I live in a county with 1 stoplight... neighbor works and brings home work truck, nw mich.... dollarstores (3rd or 4th in town limit) being built. all 3 brands... miami never stopped building. but yeah, everyone is hurting because of regulation and surcharges
Just curious where do you live?
@@dertythegrower I also live deep in the country with no one around. My driveway is 1.1 miles long. It takes me 35 minutes to get to town.
@@garyjohn2802 Western WA state. Out in the country, deep in the country away from it all.
@@dertythegrowerIs this English?
They were gouging people, now they are mad
Hope they find another job. But I wonder if selling sunset agents would do if they are force quit 😮
Wrong.
Who says they are mad?
Capitalism works by getting the highes price you can without having price rejection. We are now seeing price rejection. That means prices are going to come down.
@@MrSteeDoo just this guy. Nobody is mad. We are used to jumping hurdles. Everyone will figure it out.
Commissions only encourage higher prices. Pay them $20 / hour.
Ok, but the broker will want $100 per hour. It is a business with employees.
@@hvaball150. They need real training. Not the two week class they get now. I agree on an hourly rate, but not higher than someone with a degree. Expenses or no. $60 per hour is more than enough. They need to be tracked or do a flat fee. I’m sure they will scam.
Yeah, but only one agent is involved in all deals. You don't need two. They created this two-agent thing. One agent or go somewhere else. I can't stomach dumb people who don't want to read anything to learn how-to.
I don't know about $20 an hour but even at say $50 an hour it would be a great savings. It is not rocket science and you can pass the real estate exam in most states with an 8th-grade education. They do provide a service but you cannot convince me that even at a reduced commission of 4% total they are worth $20,000 on a $500,000 home. Also, why doesn't the commission go down with higher value homes? The million-dollar house does not require twice the work of a $500K home. I have sold two houses with a flat fee service. They put it in MLS and it appears on all the internet sites. Pro photos cost me about $200 and the flat fee listing another $200. I have a lawyer to look at the contracts and I can sell any house for under $2,500. Young real estate agents need to think about what they will be doing in their next job. The older ones can ride it out to retirement.
@@Plutogalaxy fair enough, but this is kind of pie in the sky. Take another example, like a fence install. The installer wants or needs $8000 for a job your size. They have overhead and materials. They can quote fixed price or could do labor rates. They don't end up charging $2000 for the fence using hourly. Will not happen. It will be $8000.
Real Estate is very close to fixed price. 6% and you know about what the house will sell for. The brokers will want 1.5% per side, plus agent commissions. Using your 20 hour example, that $400k house with $12000 fee they will desire $600 per hour. More likely they will say they worked 100 hours.
The broker-agent dynamic doesn't seem to change.
You are going to pay $1 for a 20 cent apple.
One of the reason's I didn't buy a house was because the agents I spoke to never seemed to have time to talk...
If that was your problem, the entire buying process was clearly beyond you. It's probably very good for you to have a landlord to help you manage the roof over your head.
@@JoaninFlorida why are you in all the comments being nasty to everyone? You are obviously an agent & bitterly watching the market change so that you & most is the rest of your crooked peers won't just be handed thousands to show up and unlock a door. Give it rest in the comments and quit harassing everyone.
@spudruckus7297 but you are somehow just fine about an entire thread ragging on agents and their "undeserved" commissions? What a lovely person you are. NOT
... 2003, when we put our Scottsdale home up for sale we went with a professional realtor whose kid went to private school with ours, Michael. She'd sold 30 homes in our area. Eventually, she represented both seller and buyer. I guess those days are over, eh? She also pegged the exact amount the house would sell for. We had three buyers. I told the one who wasn't going to flip, (and he didn't), if he'd come up $10-grand to meet the other buyers, we'd sell it to him. He did. And we sold the house to him.
I don't care about the amount of hours someone works. Most of the full time agents are incompetent or crooked. There is no reason why a part time agent can't do better. This is not rocket science but deserves hard work.
I agree. I would say that a part time agent has more of a shot of not getting over being that the agent doesn't rely on that commission for survival.
*plays the world’s smallest violin* I have zero sympathy for the majority of real estate agents who were terrible at their jobs.
Low volume is killing RE agents. And so is Zillow etc.. agents are a think of the past. Nobody needs to pay 40 grand to sell a 600K home.
That would be 6.67%. No area in the country is charging that percentage. Math is not your strong point?
It won't be a crash; it will be an avalanche.
Right. Prices are coming down now everywhere. Top neighborhoods are already last to lose value. Price reduction you see regularly now. It's the start along with many other factors. If you're looking to buy wait, that house you like will be much lower this winter. Don't think you will not find another, you will but better and lower cost.
I don't think folks realize how far prices are going to fall. Certain markets will of course do better than others.
Don’t really care about the realtors. I have purchased and sold many many homes over my 60 year life span. I stopped using them when I entered my 30s and was the best decision I ever made as it saved me tens of thousands of dollars at most transactions. I hope DoJ goes after title companies next… (I’m an insider I know the graft handed out) costing home buyers way to much money…
Do you feel the same way about mortgage brokers? Some innovative brokers/entrepreneurs will build a better mousetrap and learn how to bundle services so the consumer can save money.
Agree. Title companies are another scam.
I feel the same way about doctors, lawyers, teachers ....... youtub grifters etc etc.
i worked as a courier for miami title company 2009ish... got a priv mortgage done myself, and title was 1100total cost to florida and county.. i then qualifoed for 2011 obama fth credit, which came late with 300 interest on 5500
Any specifics on how title companies cost buyers unnecessarily?
Total selling cost should be 1%-just someone to handle paperwork.
Just pay people by the hour. Sales jobs usually pay commission to motivate the person. These slugs don’t deserve a cut of the house price. Sorry. This whole topic triggers me.
Then get a real estate attorney. They can do the paperwork and the title search. $1,500 done.
@@CroisMoi There is no law stating we have to go along with any of this. dumb buyers and sellers.
Real estate attorney and title company... sell it yourself.
@@MplsMaven try getting a attorney to show you a house on the weekend or after 5pm and attorneys are 2500 min
I think it’s good for everyone. The ones not serious about buying won’t bother. The less than agents will quit, less competetion.
How's it good for the buyer?
I was very lucky to have a great agent who sold my R.I. home in 2021, and the reason I used him is I had a great experience with him when he sold my late parent's home for me in 2010. And I was very fortunate to have an equally great agent that I purchased my FL home from in 2022 who now I call both these agents my friends and have referred others to them. Both of these agents were working in real estate for years which was their only job. And, both earned every dime of their commission and both homes sold for a good amount over asking.
My real estate agent in New York saved my sanity. She was worth every penny. Her coworker husband, on the other hand, was a waste of oxygen.
Sold the house in Buffalo New York in 2019 refused to sign with the sellers agent told them I would still pay commission if you brought me a qualified buyer after a bunch of games I had to throw one realtor off the property. I sold it with no commissions, because they were too lazy to do their job and preferred to play games. The man who bought my house was told I didn’t want to sell the house to him and I was told he didn’t want to buy the house by crooked agents.
Half the problem with real estate sales is that buyers aren't serious and just waste realtor's time looking at other houses because they are nosey or want decorating ideas.
That's the weak and unskilled agents' problem. Going to many classes and trying to sell for years doesn't make you an expert. Unfortunately, very few people are doing for a living what they are best at.
I have never understood the 6% commission fees. I struggle with paying $2.00 more for a pizza now I’m paying $80k to a worthless uneducated agent? Boggles my mind.
Commissions are negotiable. Never pay 6%
@@TheSuperdodgy Discount brokers will thrive under the new, unrigged process. See the first #5 below, & #7 below. Traditional brokerages will go out of business, or lower their fees. Our free market is BRUTAL.
Old Rigged System:
1. Seller FORCED to pay buyer agent fee.
2. Buyer FORCED to hire agent, supposedly for free, which was a lie.
3. Which FORCED the seller to include the buyer agent fee in the sale price.
4. Buyer FORCED to pay higher home price.
5. Discount brokers FORCED out of business, as agents will STEER their buyers to homes with higher agent fees.
Bottom line: FORCED = RIGGED SYSTEM
New Unrigged System:
1. Seller not FORCED to pay buyer agent fee, but he’ll tell his seller’s agent that he will pay a 3% buyer agent fee, to attract more prospective buyers. This is the only way to keep agents from STEERING buyers AWAY from his home.
2. Buyer not FORCED to hire agent, but still can.
3. Represented 3% buyer offers will be lower than unrepresented buyer offers (due to the 3% buyer agent fee being an expense for the seller).
4. Represented 1% discount buyer offers will be lower than 0% unrepresented buyer offers & 3% buyer offers (due to the buyer agent fees being an expense for the seller).
5. Seller will accept the unrepresented 0% buyer offers (if received), otherwise, he’ll accept 1% represented discount buyer offers (if received), as they will be higher than the offers from the 3% represented buyers.
6. Unrepresented buyers & 1% represented discount buyer should include a requirement in their offer contract, stipulating the seller will acknowledge receipt, directly to the unrepresented buyer & 1% represented discount buyer, within 24 hours. This guards against seller agents depositing offers from unrepresented buyers & 1% represented discount buyers in their trash cans, in an attempt to rig the system against unrepresented buyers & 1% represented discount buyers.
7. Discount brokers not FORCED out of business, as STEERING is neutralized and more 1% represented discount buyer offers will be successful.
Bottom line: FORCED RULES REMOVED = UNRIGGED SYSTEM
The one thing I hate is when the Realtor, listing agent, know nothing about the house.
Yes, some houses have a 'dark' ambiance that stay throughout many changes of ownership. It feels like a weight upon you, like a negative energy. I would hope potential buyers are aware and sensitive to this phenomena. A realtor would not want to disclose this. Yes, I had a real experience. Lasted 6 days before it went away. Lots of praying. Fyi
We aren't required to disclose m*rders or s*ic*des that happen in properties. I sold a home last year where a man killed himself. Wonder if the buyers found out yet. 🤔
Why can't ONE agent work fairly for BOTH the buyer and seller? I can't see the need for involving another person.
That’s how I bought my current home. Seller agent took care of most everything and worked with my mortgage lender.
Agree
It's a conflict of interest. The seller wants to sell at the highest possible price which is also in the agent's best interest if the commission is a % of the sale price. Meanwhile, the buyer is interested in buying at the lowest possible price.
Were you born yesterday?
@@MrSteeDoogo back to playong video games doofus
In western Pennsylvania, "We Buy Houses" Sends me bogus offers which I know they will never give me. Not selling anyway. They also send mailings to me showing the value of my house, which I would want more than that. These mailings are automated and repetitive.
If you want a good laugh, ask Open Door for a cash offer.
When my mom died, we placed the house for sale. Buyers were rude and nasty and lied and did not provide their name or number. The buyers even used the bathroom. Buyers should not be trusted
But some of these people are saying how glorious it will be to sell their home and work directly with buyers. 😂 I encourage them to do so immediately.
@@mommom3172 a house is the biggest investment you will make in your life. I encourage buyers and sellers to utilize skilled real estate agents and hire home inspectors and make sure the title of the house is clean and hire a lawyer to coordinate your biggest investment in your life. If people do not do this then something will go wrong
You have seen it all. Great advice! Anyway, my real estate story. My wife and I went to buy an oceanfront 2bdrm condo in a place everyone knows. Anyway my agent was a wonderful lady and every time she found something we would go on an 800 mile roundtrip to see it. We had to go when the unit wasn't rented as it is a vacation area. Anyway we found a place but the seller (who lived 3 states away and we never met) was a true NUTCASE!!! It was perfect ,but because of his crazy decorating I knew we would have to put about 20 grand into it to just get it back to where we wanted it (that's another story what he did to this beautiful condo.) He wanted closing in 30 days and all this weird stuff. We made it happen and love the place and still own it (on rental when we are not there) but our real estate agent truly deserves whatever accolades we give her and we are friends to this day.
Thank God for that title you have. I hope it all comes true. The Real Estate industry refused to change until their forced to. More needs to be done. It's our money, not yours. Paying Realtors $10-$40,000 on average to buy and sell is BS. It's our money.
I am selling directly to the buyer. What is saved in commission will benefit the buyer directly. No games. No drama. The best deal for both across the board! I am buying my next home directly. I am done waiting on an agent who doesn’t have my best interest in mind. 🎉
Just wait until they sue you next year for failing to disclose something and come tell us how cheap legal fees to defend a suit are. 😂
Brother this is the problem with greed over scruples, buying a house is worse than buying a new car these days. I appreciate how you handled yourself during you real estate tenure, but people like you are very rare. I look at this way I own my house why do I need pay someone to sell it and more money to pay for the buyers agent on top of all the attourney fees, sorry man that is bullshit.
You make money in real estate when you buy and you realize that money when you sell. It is so important to buy right and for years people have not realized how important buyer agency is. My business partner and I have sold close to 700 properties and still love working with buyers! Concord, Ma real estate
I have done two FSBOs since 2019, it’s fairly simple, do your homework and get a good real estate attorney .
An agent or an attorney - your choice. They both expect to be paid.
The greedy people need to get humbled.
Yes, the greedy people who would rather sell their house to an investor willing to pay over asking price instead of the family looking to purchase their first home. 😂
I expect my realtor to know the market, discuss with me what I am looking for and be able to direct me to those homes. Not the homes that they want to sell, but The Home I want to buy. The best realtor will be the one that can, know the buyers desires and show them a house that meets them. That saves the buyer tons of time. That is what makes the fee worth it.
I don't often comment. But I must say your format and presentation is awesome 👌
You are so knowledgeable and the way you present your videos are very calming and the scenery is beautiful.
I'm hooked Michael.
I believe this new law is all about the realtors. Buyers will think twice before buying, that’s if they can afford it. This was unprovoked self inflicted damage to realtors and home buying in general. Once you sign that buyers agreement, they got you.
This video is so good! I can't stop watching!
Always an enjoyable show.
This is why I never considered getting a real estate license- with real estate market being highly subjective by Wall Street and investors out pricing regular day to day homebuyers, it’s just been a mess. It just been unstable for a minute. I keep seeing these ads from investors saying, ‘I want to buy your house’. Really, you’ll do anything to buy my house. Why do you want to buy my house SSSssooooo bad. People have complained that they realize that they have regrets from buying their house. I think I’ll wait a little longer before I buy… no rush. To each his or her own.
World 🌎 needs plenty of ditch diggers.
No it doesn't. wtf?
Judge smells caddyshack
Immigrants can dig ditches. Or perhaps now, robots can dig ditches. Even immigrants want real jobs?
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Bots
⚠️ SCAM ALERT ⚠️
Just because some realtor "convinced" you does not mean they are WORTH ANYTHING ! Better to have NO realtor and deal with sales by home owners...
Houses sell themselves. This change only massively reduces competition amongst agents
Yes, it will clear the field, thank god.
If you can't make a living, what is the point. The whole ballgame is getting the listing. Otherwise forget about it. No buyer is signing up for 3%, just for writing up an offer. Hourly rate, $50, just see the house with the sellers agent.
it's their portrait photos on all their signs and advertisements that are the most cringe
Thank you to our sunglassless host for this walk-around outdoor tour. Always learn from you.
He claims to be mature for his age. 😎
@@GregF-k7w he’s financially very mature
Sadly, with the 4 properties I've bought/sold in my life, I've only had one agent that I thought actually worked on my behalf. Once you sign with them, you are stuck and they knew it and acted like your interests no longer were important. I'm happy that the new laws are in effect for agents today. Maybe sort out the worthless money grubbers ......
I don't have sympathy for any real estate predators full time or part time. You can only rip off people for so long - then Karma appears.
I hope for the future that buyers agents are just offered flat fees for showings and a small percentage for closing. Everyone wins. You don't need to sell a house to continue paying your bills, prices overall are cheaper. Transparent, straightforward. Just how it should be.
Yeah get out of real estate. It's over
Wishful thinking. People won't even drive around the corner to pick up groceries. You think they will be bothered to buy a home on their own 😂
Imagine bringing a car salesman with you to the car lot to negotiate with that lot’s salesman.
Both salesmen need you to buy a car. And both benefit from you paying the most for that car. Are either one of them truly “on your side”???
I wear my sunglasses at night.
So I can, so I can see
So does my boy Cory...
August 17th is a day that was long overdue that I never thought would come to pass. Ever realtor I've worked with was an underworked, overpaid, deceptive person, with an arrogant attitude. What an unnecessary "profession".
This comment will not age well! As an agent I have helped many families aquire their first home. Most of them were absolutely clueless of the process. I have even helped people who were looking to rent become homeowners. It’s always the clients who think they know everything and don’t know ish about the buying process who are the arrogant ones.
@@user-zk8io3jf2z Said like a biased realtor with hurt feelings hurt from reading the truth!
Welp, here it is August 25 and I closed on listing this week, helped another buyer go under contract and accepted 2 new listings. I'm so crushed. 😂
@@user-zk8io3jf2zIt really is. My best clients are well-educated professionals who are busy and have no desire to learn the ins & outs of real estate, permitting, zoning, insurance, association rules & regulations, etc etc to buy or sell a house once every 5-6 years. It's always the uneducated know-it-alls that screw up something because they saw something online. 😂
I'm an interior designer and I've learned so much from your show. I did try to get my license years ago but I think I will move in another direction. Love your show.
Hope all those cheap designer TV shows with all the Wayfair go away!
All those tacky trend all white crap !
You're a gift to us Mike.
I can see you care about people.
Thank you.
He sells gloom and doom on youtube.
Geez a whole industry crushed.
not just one.... it is hugely being automated more than when diesel engines were a thing for commercial work
There was a real estate agent I met who didnt bother to learn about construction and inspection in order for her to be a better real estate agent. I kindly told her and moved on to a better agent.
So glad it's more straightforward in Australia! Want to view 5 houses on a Saturday? Just turn up at each open home. They'll likely ask your name and number, but you don't show ID so if you don't want to be bombarded by agents calling you just give a false number.
Seller's agent gets the commission, no buyer's agent needed as you deal directly with the vendor's agent.
What rate of commission is typically paid to the seller's agent?
You can do that here too. But the really nice homes usually don't need to have an open house. The house doesn't last that long.
I am expecting the same to happen here. Im three decades in the business and I see open houses being the vehicle for purchasing for many.
This used to be the way it was in the U.S. until buyers filed lawsuits claiming it wasn't fair that they weren't represented. 😂 So, now we have it that Sellers said it wasn't fair that they had to pay a buyer's agent. So, now buyers get to pay their own fees. 😂
@williamcady9652 It depends. It's very saturated with agents where I live so it can be as little as 1%, or 3-3.5% at higher end of the scale.
Get some of those novelty sunglasses with the windshield wipers. 🙂
🤣
Dudes, Easy $$$$: Game OVER!
Commission always came out of seller's proceeds. It makes me apprehensive to sign anything just to shop for a potential property. I won't. I'll do a FSBO instead. Glad i just bought 2 mo. ago.
My red flags for getting a new real estate agent: 1) Agent will vote for Kamala Harris 2) Agent often shows up riding a bicycle 3) Agent shows you condos when your looking for a detached house 4) Agent forgets your name.
YOU HAD ME AT NUMBER 1!
My mom’s lane real estate agent cost her an immediate sale trying to get to wait for a bigger offer, and then the house didn’t sell for two years! Even then. She lost $20,000.00. That was back in the late 80’s though.
Not high income & have purchased 2 homes.....
I drive around an area I like & see homes for Rent....
I ask the owner if they'd like to sell....
& Twice that worked Great.....
Michael, I've been a Realtor for 30+ years and like you, I predicted in 2008 that the part-timers would drop out and the pros would remain. To my surprise, it was the complete opposite because the part-timers could financially survive however, the full-time Realtors who were supporting families were forced to get an alternative job to put food on the table. Time will tell.
We've always had the buyers agency agreements, its just law to use them before showing a home now. So far it has been good! Its definitely weeded out alot of the tire kickers who just want to see a home with no intentions of buying right now
Yeah, but you forget to mention that before buyers did not have to pay commission to buy a house....that is the big difference...and good luck on you and all the agents who think they can squeeze blood out of a turnip (get buyers to fork over an additional $15K and up for an overpriced house!)
So you think people are just going to buy your house just because they came to see it? It’s called “Shopping”! if you don’t like running the numbers then don’t sell your house. Why do people think that they are supposed to show a house and the first person that sees it should buy it? If that’s the case then there would be no houses to sell. Don’t ask for what you don’t want.
One thing I did not hear Michael saying is that buyers have multiple other options, like represent8ng themselves, or hiring a real estate attorney, or simply a transaction broker. Instead, he kept pushing the narrative of buyers related agent commission. He is still a realtor, and he makes money of referrals, as he mentions it in every video.
My best friend is a real estate attorney. What exactly is it you think they will be doing for you?
This is what happens in a recession! It is a cycle!
so is the Apocalypse is a cycle as well.
No this is what happens when the rules change drastically.
Thank you for your hard work Michael! Because of your Channel I learned so much about the housing market and the economy! So glad I found your channel!😊
Easy money over
Yeah it was easy money showing a buyer over 30 houses and then holding her hand because she got frightened just before closing and was going to walk away from her deposit. Sir, you have absolutely no clue.