Just this morning, a new post from Greg at Blue Roof Real Estate in Utah talks about how a former agent of his was selling his home privately, and not using the MLS. Greg tries to make the point that Realtors, and everyone else, should follow the system they are in, and if they don’t believe in it, they should leave it.
I made a quick response to Greg’s post, stating that many agents in my market have sold privately, FSBO, and without the MLS, because quite simply, they too feel paying $20,000 or so is not necessary in order to sell a home. Greg is right, in a sense, they are hypocrites. But Greg deleted my response to his post.
So, are these agents hypocrites or just shrewd? Why would you spend $24,000 to sell a $400,000 home, when you know you can sell it faster, and still pocket more money, by reducing the price, and passing some of the savings along to the buyer?
If real estate agents are selling as a FSBO, they must know something most consumers don’t. It’s just too costly to pay 5% or 6% to sell a home.
Greg and I have done blog battle in the past. He thinks the Earth is flat, and that all properties must be placed in the MLS.