This is an interesting thread. I’ve often wondered how realtors can justify their 6% fee. I sold my house in England 10 years ago and spent 1.5% on the commission. This is typical over there – I just googled it and 1-2% is still the norm. Then again, the total sales contract for the UK house ran to about 3 pages! When I bought a house over here, it took 30 pages just to make an offer. I was blown away by the difference. It seems to me that the whole process has been hijacked by lawyers and the term “buyer beware” which covers real estate transactions abroad doesn’t apply here.
