[quote=5yearwaiter]Though we are in very advanced internet era – I surprised to see – A unnecessary dominent role of realtor involvement (6% commission) and a lot mortgage closing costs. If anyone take a close look at these these are really waste and unwanted costs that are deviating the current housing trends. Why not streamline much these and naildown those costs to simply near to 1% or 2%? I wish to take the full advantage of internet and stream line several actions in the realestate market not only listing and data but also naildown the lot extra money trasnfer.
A realtor :- Just open the lock and tour the house and throw the 14 pages offer after we signed.
Escrow:- Almost 10K plus closing costs.
My thoughts appear to be bit ruide but still I believe we are not yet taken full advantage of internet. The funny thing is today if you refinance the same house with same lender still you need to ponder a lot money for same title with the same lender – but why ? where is the work that involved that much money to submit after all refinance with in the same lender with same data.[/quote]
Sorry but I got to break my own rule and respond to this one. In one breathe we’ll talk about how this is the biggest transaction of our lives and how can people be so stupid/uninformed. Then in the next breathe comment that “Just open the lock and tour the house and throw the 14 pages offer after we signed”. You are not buying a loaf of bread. These can be very complex transactions. It is impossible to appreciate this unless you have been involved with dozens of them over many years. Are some of them simple? Absolutely though I havent seen a simple one in a couple years. You just dont know what is coming down the pike until you are knee deep in it.
Last year I took some listings up in the Temecula area. I wont take them anymore because the calibur of agent up there has been abysmal from my experience. I know they must exist but I have yet to meet a competent agent in that market. Frankly I dont understand how houses get sold up there when no one knows what they are doing. Extrapolating that to consumers handling their own transactions is even worse. Call me crazy but I dont see that as a viable answer.
