Why reinvent The Housing Wheel?
Why not: Failing to do so is dangerous to your wealth.
Just leave the system alone and work within it is a common mantra by many real estate related professionals.
Please don’t misunderstand me, I think there is a need for top-quality real estate agents. Good ones can save us time and money. I just believe there should be more A la Carte options for buyers and sellers who are sufficiently sophisticated and savvy.
Let’s do the math. Assume a double transaction (Someone buys and sells a property). Let’s think modestly, sell a $250,000 condo and buy a $400,000 home.
$250,000 sale at 6% commission = $15,000.
$400,000 purchase at 6% commission = $24,000.
That’s a package of $39,000 in commissions that somebody pays for.
Just assume it cost the buyer and seller each $18,000 on average.
In this day and age with today’s technology , there is no reason to maintain the rigorous defense for using Full Service for everyone for all transactions.
Get help where it makes sense, save a bundle.