USA Real Estate Industry is a Blight on Society! Compare % Withheld by Buyer/Seller Agents in USA/Europe!

[Tesla_WTC_Solution]

I wanted to say a few things that need to be said about capitalism as it is headed in the USA. because Americans are so ignorant and lazy, they let the realtors get away with murder when it comes to the percent the agents take from the final value of the home...



in Europe, my spouse says that the agents split about 2-3% of the home's value between each other!



in the USA, the agents take as much as 12% and split that!!! Can you believe it!?
The American realtors are getting an extra 10 percent of your home's market value if this comparison holds water and has a basis in fact, which I don't personally know for sure.



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Is anyone else here behind or upside down on a bad mortgage and looking to escape it through house sale? My advice is to find renters and avoid these terrible fees!!!

Better yet, educate yourself re: construction/remodeling or make some contractor friends -- and have a private party sale...



Even better, don't commit to a house payment that exceeds 30 percent of your income, if you want to avoid the nightmare of foreclosure and rushed sale...


whatever you do, don't let it go to auction and end up owing the bank!!!

[skyflower]

Real estate commissions have been 6% for residential listings to the best of my knowledge. I am not sure if things have changed in recent years.

[Spiral of Light]

I have been both a real estate agent and a real estate broker.

The generally accepted payment to agents is 6% for residential listings; however, that amount is never written in stone and is always negotiable... by law.

Also, if the prospective buyer has their own Buyer's Agent representing their interests, the 6% is split (usually equally) between the Seller's Agent and the Buyer's Agent. Then, in most cases, the agent must split that amount with the company that they work for and who is usually responsible for all of the advertising and marketing costs incurred to bring the house to the buyer's attention.

[Tesla_WTC_Solution]

Windemere is really screwing us @@ lol

[Tesla_WTC_Solution]

LOL apparently I was wrong about 12%, it's 6% duh

my spouse whines so much about it i guess i misunderstood the numbers

XD