Posted by glen sw wi on October 19, 2016 at 10:18:38 from (207.190.113.200):
In Reply to: OT: house buying posted by Mike M on October 19, 2016 at 08:50:57:
Never have never understood why the Relator's percentage has gone up so much. They used to be around 4% and now there are upwards of 7%. With the rise in real estate values the increase in their base should have taken care of their rise in expenses.
Sold a house and gave the realtor a two month listing. A lady made an offer which I refused because the realtor wanted insurance on water heater, furnace. etc.. Mind you, these items were less than a year old.
After the listing had expired the lady asked why we had not accepted the offer. Turned out that the relator was a drunk and never got back to her. We could never contact the realtor other than his secretary. Finally sold the place to the lady with the use of a lawyer and saved $7,000 in the process.
Another time, while selling my mother in laws house the realtor had to be reminded that my office was right next to the State regulation and licensing board and I went to lunch with those folks.
I'll stick to using a lawyer in all my real-estate transactions.
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