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Grover C. McCoury III" <gcmccoury@yahoo.com> wrote in message
news:RJ6dnYVNRdn6cCzfRVn-vw@adelphia.com...
> .... It's true that selling a house is a complex task. But so is writing a
> will, and an attorney doesn't ask for 5 percent or 6 percent of your net
> worth as compensation.
And lawyers do not spend hours and hours with clients who then either decide
not to buy, decide to buy a for-sale-by-owner property, or see a sign on a
property they like and just call that realtor leaving the first realtor
behind after hours of working with the client.
Unless you have a very strong, high-dollar case, a lawyer will not take your
case on a contingency (commission if successful) basis.
In most situations, a lawyer will either charge a flat fee, or will charge
you by the hour (in 1/10 of an hour increments) for any and all time they
spend that is related to your case.
If people were willing to pay a realtor by the hour, or even pay a flat fee
up front, realtors would be more than happy to handle cases for far far less
than 5% or the sale price. That's because they would know they will get
paid even if you change your mind about buying or selling, or suddenly
switch off to someone else and buy through them.
Of course, most people do not want to do that.
The buyers do not want to do that because they know they can now run multiple
realtors around the countryside and either walk away without buying
anything, or make a purchase and know that seller will pay the commission.
The sellers do not want to do that because they do not want to pay a realtor
money for their work only to find that no one wants to buy their house, or
no one wants to buy their house at the price, terms, and conditions that
they are asking.
And finally, if being a realtor is such a get-over scam, where all you have
to do is spend 50-60 hours getting a license and then can make outrageous
commissions, why aren't you (and everyone else) out there doing that?
The reality is that most full-time realtors work 60-80 hours a week, running
people around, and either find that they cannot even make a modest living
doing that and get out of the business, or make a moderate income for all of
their time and effort in what is essentially a self-employment business.
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Re: Why do you still need an agent to buy a home?
