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RE Storcheim, let's give credit to Freakanomics when you use their work. What Freakanomics did consider is that people hire agents to do a job and that job is to get homes sold. So the $150 arguement is just PART of the story. As for disclosure...that my friend is NC law, see general stat. Residential Property Disclosure Act. § 47E-1
Anyone who trusts NAR reports at this point is obviously out of their mind. These reports are incredibly biased and regularly incorrect For example even as the RE market was tanking the NAR reports showed that everything was stable and growing in real estate.
It has reached the point where even Real Estate agents do not trust NAR reports anymore (as outlined by this article).
westernwake1
November 9, 2012 6:42 p.m. Report abuse
I would think twice about buying a home at all. With the coming economic collapse, home values and everything around are going to collapse. This government refuses to stop printing and spending money and the end result will be devastating. I'm selling mine now so I won't lose the equity built up after 30 years. Good luck!
It doesn't matter. If you're selling, the realtor will try to talk you into listing low so she doesn't have to work. Then she'll try to talk you into taking the first, low offer that you get. If that doesn't work, she'll try to trick you into reading the home inspection report and tell you that if you don't do this deal, you will have to "disclose" everything the inspector found as defects and then you'll NEVER be able to sell!
Remember, $10,000 less to you means only about $150.00 less to her, and she's going to grab for a slightly smaller commission rather than lose it. She does not care, and has no liability, if you get ripped off. Read the contract. She doesn't.
I think this horsestuff about the market rising is just more lying realtors making money by misrepresenting.
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WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.
This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.
November 12, 2012 1:32 p.m.
November 12, 2012 1:28 p.m.
November 9, 2012 7:07 p.m.
It has reached the point where even Real Estate agents do not trust NAR reports anymore (as outlined by this article).
November 9, 2012 6:42 p.m.
November 9, 2012 6:30 p.m.
Remember, $10,000 less to you means only about $150.00 less to her, and she's going to grab for a slightly smaller commission rather than lose it. She does not care, and has no liability, if you get ripped off. Read the contract. She doesn't.
I think this horsestuff about the market rising is just more lying realtors making money by misrepresenting.
November 9, 2012 5:53 p.m.