Monday, February 06, 2006

Are Real Estate Agents Worth Their Large Fees?

My boyfriend recently sold his house and purchased a new one. He used an agent to sell his old house and had a horrible experience. My boyfriend was so dismayed with the service he received from her that he chose to purchase his next home as a FSBO, and to leave the agents completely out of it. He found his dream house listed on Craig's List. He made an offer and it was accepted. The entire process went completely smoothly, and for the life of him, he can't figure out what why real estate commissions are so dang high.

Two Seattle-based companies, Redfin and Progressive, were profiled in this weekend's Seattle Times article. Both companies are breaking the 6% commission mold. I certainly hope this is a trend that will continue.

1 comment:

finance girl said...

could not agree more.