Sell My House Myself To Save On Realtor Fees?

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[Aggielife]

Moral of the story is to not take advice about real estate agents from a guy that owns a real estate company🤣

[joegibson]

I refuse to give a couple of agents 45 k for an afternoons work on an 800k property in a city with low inventory. No way.

[jonnyelmore]

Asking Dave if you should use a realtor is like asking a bankruptcy lawyer if you should file for bankruptcy.

[Cummata]

Asking Dave if you should have a realtor is like asking a Lamborghini sales person if you should buy a Ferrari or mclaren instead 😂

[HornetKingOfficial]

Someone who wants to sell their house asks a realtor if he should sell his house without a realtor... and the realtor says "No".... Shocker

2 things:
As a seller, the 6% realtor commission comes off the sale price of your home, therefor, YOU as the seller, paid the realtor(s). This guy skirted over that fact like the seller wasn't losing money using a realtor.

2 houses side by side that are virtually identical, and he said the house being sold with a realtor will sell for more simply because the seller used a realtor?! Haha! The market is the market, and the property value is the property value, the realtor is just a tour guide with his hand in the till.

This was misguided and biased advice. I hope this caller didnt listen to this guy.

[BananasananaB]

This is entirely unhelpful to answering the man's question. You're just selling him on hiring a realtor, by funneling him through your website, and not answering his question on the commission fees saved and what portion of that is expended on closing the deal (be with a title company, attorney, etc).

[chrisknoblock]

Real estate agents are like financial advisors, there's way too many of them. Some are very good and are worth what you pay, many are not.

[fbody]

He doesn't sound biased at listening to his BS reasons why u CANT sell urself made me realize I CAN sell my self!

[alberthodge]

so I have to pay a realtor $60, 000 to sell my million dollar home. I do not think so.

[jimroscovius]

We've sold three houses, none with a realtor. But, we did have an attorney, not a relative. Saved a lot of realtor fees.

[jg]

It's not rocket science buying or selling a house without an agent. I've done both. The title agency and closing attorney are more critical to the process.

[cdaway]

IN THE NEXT EPISODE, RAMSEY ALSO SAYS YOU'RE NOT SMART ENOUGH TO SELL YOUR OWN CAR EITHER. DO I NEED AN AGENT FOR THAT TOO?😂😂😂😂😂😂😂😂

[MiceDnP]

In USA people have just been told to use agent. In europe still a lot of people sell themselves. me as a young lawyer fresh out of university had no problem in buying a house myself without assistance. Did contract myself, talked with banks myself, got the appraisal myself, dealt with notary and court and taxes myself - no problems whatsoever.

[joeb]

I wish realtors went away like travel agents. Why should i give my 5-6% of my house to two people who only want to take as much from my pocket. Post it on an MLS and be done with it. My realtors did nothing for me they only did things for their self interest i.e. rushed closings and verbal promises that left me homeless for a month.

[rubenowitzv.]

I made a big mistake getting an agent… lucky the 1 year contract I signed expired🎉.. 6% plus fees saved me over $30, 000✨

[Bgrosz]

I generally like Dave's advice but completely disagree with him on this one.

All of my personal experience says to skip the selling realtor and save that 3%.

Both my brother and I have sold our first homes with a realtor and later homes ourselves and we came out much better when we sold them ourselves.

Now, we did say selling realtors are welcome (they get their 3%) from the buyer side because those realtors would never tell their buyers about our house if we didn't do that. This means you save 3%, not 6%.

So, personal experience says to sell it yourself (unless you just don't have the time), but there is also a fundamental reason as to why this is the case. The selling realtor's motivation is to sell the house as quickly as possible so they can move on to selling the next one. They make a lot more money by moving homes quickly than they would by taking a bit longer and selling them for 20k more. Look at this math:

Let's say a realtor is selling a house that is worth around 350k. The realtor can sell it now for 330k or they can take longer and try to sell it for 350k. So, let's say they can either take longer to sell the one house for 350k or sell two homes for 330k. Let's look at their commission in each case:

1 house for 350k = $10, 500 in commission
2 houses for 330k each = $9, 900 + $9, 900 = $19, 800 in commissions

It's not even remotely close.

Their entire motivation is to sell the house as fast as possible, not to get you the highest sale price. This also comports exactly to my brother's experience and my own.

Even when I sold my last house myself, I had a realtor that pretended he was looking for a house and, while "looking", tried to convince me to use him as a realtor. He argued that my price was too high. I sold the house within a week of listing it and at the full price I was asking for. Now, that was in the recent seller's market, but that realtor knew it was a seller's market and still tried to tell me to lower the price.

Also note that the buying realtor's motivation is also to close the deal as quickly as possible. They will work on the seller's behalf just as much as the buyers who they purport to work for. In reality, they are working for themselves and just want the process to go smoothly and quickly, which is the same thing you want as a seller. The buyer's agent will help you get the deal done as long as they're getting their 3%.

[Fedgery]

I honestly don’t even see a need for real estate agents nowadays. In my experience most real estate agents are super lazy. All they want to do is show up and collect their commission check.

This caller is way too clueless to be able to sell his own home.

[Bigbilly-msbn]

Why would he ask a real estate agent this question? Lol. Dave’s all about self interests.

[HelloWorld-hbyt]

Agents don't have your interest in heart. They want their fees asap

[Leemajors]

If you know what you're doing, get a lawyer. If not, negotiate with a realtor 4% instead of 6%.