Has anyone else had any experience with using a flat fee real estate agent?
We used one to sell our house last year in a hot market and saved 6-7k. We are in a different area now, but on the buying end. Most pay you a rebate and split the commission, and in exchange you do most of house hunting yourself. For example on a 800K home, the usual 3% buyer agent commission is split 1.5% to them and 1.5% to you (for a rebate of 12K -- not bad).
IMO, real estate agents aren't worth the money they get paid (especially on high priced homes), given the advancement of zillow and other technology that makes the process much easier for the general public.
We used one to sell our house last year in a hot market and saved 6-7k. We are in a different area now, but on the buying end. Most pay you a rebate and split the commission, and in exchange you do most of house hunting yourself. For example on a 800K home, the usual 3% buyer agent commission is split 1.5% to them and 1.5% to you (for a rebate of 12K -- not bad).
IMO, real estate agents aren't worth the money they get paid (especially on high priced homes), given the advancement of zillow and other technology that makes the process much easier for the general public.
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