Ryan Serhant on housing market: Buyers are starting to gain the upper hand

Ryan Serhant, founder and CEO at Serhant, joins CNBC's 'The Exchange' to discuss the state of the real estate market, his new Netflix show, and more.

[TaniaLato-kywo]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

[vitbing]

about 20 percent of agents make about 80 percent of the real estate sale commissions, Those 20 percent are way over paid for the amount of work they do . I recently sold a property, that agent made probably 2000$, an Hour ! Way over paid w commission . Most properties dont need a agent . An agent wants to convince you to think you do, Companies like Compass real estate, where a set fee is paid to list your property on the MLS is probably the way to go . Personally, I would rather pay a qualified inspector a few thousand to look the property over than an agent to hold my hand . The title company is who assures you the property is clear and what encumbrances exist . Take your time as a buyer, make sure your qualified and shop wisely . Hire an inspection from a good real estate inspector and do it your self . No use paying 2-3 grand an hour for most residential real estate sales . thats my experience . Do your due diligence and rely on the title company and out side lister if your a seller .

[funguy]

is a realtor ever gonna say no don't buy? It's always a good time for them :)

[Seanpfree]

What are they talking about? None of this is true.

[vsFY]

Marry the house, date the rate is the worst possible advice you can give people.

[danielvandermerwe]

He’s just sad no body is buying. He needs sales.

[chrishardin]

It depends on what market you're in. Some have increasing values, some have decreasing values and some are going sideways. Overall, lower rates might ultimately lower prices if sellers rush to sell their houses and create too much inventory.

[blipblop]

Guy is like a chick magnet for middle aged women 😂

[x-men-]

Regardless u sell or buy, you will make those realtors rich anyway

[ZuluNation]

Every buyer should be saying im going to wait for prices to come down! The rate is meaningless. You pay taxes and insurance based off of the purchase price.

[nickvin]

Starting to? Homes are sitting 100+ days and showing no signs of moving d bag.

[nathanleblanc]

Breaking news… Broker says smart people are buying now”… wow shocker

[vsFY]

Because many have gotten themselves extended with the hope of rates dropping. This has been going on for a year. There is no guarantee that rates will drop to any predicted level. It is improper financial advice that real estate agents are not supposed to give. They are not financial advisors, they are real estate agents.

[SaveManWoman]

Don’t wait for rates to come down to sell. Sell now get a rental and buy 40% cheaper. Only play.

[JeffCrowell]

Just watched Owning Manhattan and it was insufferable. Ryan and his cast was cringe worthy from start to finish.

[eco-enjoyer]

Clown talk. Buyers never have the 'upper hand' in housing.

[yzbqizq]

Maybe someone here can tell me how I can withdraw dollars to a card from an OKX wallet, if I only have the phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[LivingWithGout]

The recession will probably be triggered by the Federal debt.

[jpsmith]

Dating the rate is one of the most disingenuous things these hucksters say. He knows that to refinance the house is appraised. If values drop, and you have negative equity, good luck on refinancing unless you bring cash to the closing.