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Think. Again.

(20,610 posts)

3. One of the main reasons real estate is overpriced...

Reply to CountAllVotes (Original post)

Wed Aug 14, 2024, 01:01 PM

Aug 2024

...is because real estate agents make a percentage of the sale, and they set the prices. Higher prices are in the interest of real estate agents and brokers, and zillow, realtor, etc, represent them the same way the nra represents the arms trade.

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Zillow and the prices they post [View all] CountAllVotes Aug 2024 OP

Noise Johnny2X2X Aug 2024 #1

Totally agree. That's especially true if you live in a neighborhood of spooky3 Aug 2024 #2

I don't know what to think CountAllVotes Aug 2024 #4

Are you looking to sell? Johnny2X2X Aug 2024 #8

No I am not CountAllVotes Aug 2024 #14

Very sorry for your loss Johnny2X2X Aug 2024 #15

Thank you CountAllVotes Aug 2024 #19

Oh jeesh Johnny2X2X Aug 2024 #24

Yes CountAllVotes Aug 2024 #28

I too am sorry for your loss. I"m glad you have the house. spooky3 Aug 2024 #26

One of the main reasons real estate is overpriced... Think. Again. Aug 2024 #3

The market sets the prices Johnny2X2X Aug 2024 #7

the market prices are set by the realtors. Think. Again. Aug 2024 #10

3.5% Johnny2X2X Aug 2024 #16

That's true if we assume all real estate agents are competent and knowledgeable. spooky3 Aug 2024 #31

Sure but the incompetence filters them out. Voltaire2 Aug 2024 #34

Not in every case. Many are part-time and have other jobs or may have spousal support spooky3 Aug 2024 #35

You are 100% correct ScratchCat Aug 2024 #22

They may advise the seller on the asking price, but it's the market spooky3 Aug 2024 #29

Sometimes Amazon moves nearby and builds a massive complex. GreenWave Aug 2024 #13

Not even remotely true. we can do it Aug 2024 #17

Check at least three Mosby Aug 2024 #5

This exactly MissB Aug 2024 #25

I agree with Reply #1, but 20% does seem unusual. Croney Aug 2024 #6

I'll admit it, I was shocked CountAllVotes Aug 2024 #9

882 sq. ft.? Both his house, and yours? And such a big difference in value? Croney Aug 2024 #21

882 sq. feet is correct CountAllVotes Aug 2024 #32

Nice yard! 🙂 Croney Aug 2024 #36

It sounds like a lovely house! yardwork Aug 2024 #41

Maybe your house isn't worth 300k, maybe it's worth more? dem4decades Aug 2024 #30

My realtor calls Zillow arkielib Aug 2024 #11

It's just an algorithm servermsh Aug 2024 #12

Zillow is a pretty poor price estimator. MineralMan Aug 2024 #18

Zillow changed up their algo a while back ScratchCat Aug 2024 #20

I don't think this house is worth over $400K CountAllVotes Aug 2024 #23

It varies by market Sympthsical Aug 2024 #27

From realtor.com CountAllVotes Aug 2024 #33

On Zillow, did you look at "recent sales" on your house's description? spooky3 Aug 2024 #37

That did happen recently! CountAllVotes Aug 2024 #38

You're welcome! spooky3 Aug 2024 #39

Thanks CountAllVotes Aug 2024 #40