Your largest asset and greatest source of wealth is your home.
Over time or through improving your property you have gained equity and thus increased your financial stability.
It was YOUR hard work and effort that caused this to happen.
Why should you give a substantial portion of your monies to someone who with little effort was involved in the transfer of your asset and YOUR wealth.
In many instances Real Estate agents make more than the Sellers.
Time, Energy & Effort put forth in Selling a home is the same regardless if it is a $35,000 house or a $35,000,000 home.
In 95% of all home sales the initial search for a home is begun by the Buyer searching on-line. 70% of Buyers report they found the home and contacted a friend that was a Real Estate agent or a referral of an agent who in the end did very little other than opening the door to see the home. Most Buyers report a very low satisfaction level with their real estate agents performance.
In realty, time in the industry is what creates success for most agents.
Its no secret Real Estate agents have a vested interest in pushing prices higher in order to increase their commissions as generally commissions are a percentage based on sale price.
Over time name recognition becomes more important than skills, knowledge and Training.
Most Real Estate agents train their skills to learn to list (work for the homeowner) than actual real estate knowledge.
In less than 5% of real estate transactions does the actual Listing Agent source and acquire the Buyer.
Buyers are generally procured by newer agents that have not put in the time for exposure to become a Listing Agent.
The 5 things that sell homes can be done by anyone including you.
In every instance the heavy lifting on the Buyers side is always done by the Buyer. There is little a Real Estate agent can do for a Buyer that the Buyer cannot do themselves.
In most States it takes more time and education to learn to wash dogs than it does to obtain a Real Estate license.
Over the past 20 plus years there have been numerous challenges legally to the way that the Real Estate industry operates.
These challenges have come to the surface by a lawsuit enacted in 2022 citing multiple cases of Violations Of The Sherman Antitrust Act enacted in 1890 that prohibited activities that restrict interstate commerce and competition in the market place. Almost every industry in the United States has been regulated and disciplined into compliance. The Real Estate industry through the lobbying power of the NAR (National Association of Realtors) has up until this point avoided scrutiny and regulatory oversight.
Local Boards of Realtors which agents are forced to belong to as well as State Regularity Agencies have lobbied to keep the Real Estate industry out of compliance control.
Keep in mind both of these regulatory bodies have a vested interest in Real Estate Agents, as their main source of revenue is fines and disciplinary action.
In response to the latest Law Suit in March of 2024 the NAR submitted a proposal of settlement to the DOJ by paying a $465 million dollar fine and changing the way real estate commissions must be disclosed and regulated. The final approval from a Judge is pending.
There is no idle speculation this will change the Real Estate Industry and the way it operates.
Time to Sell Your Own Home........
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