Tuesday, August 2, 2005
It’s like being your own barber.
According to this article in the Washington Post, 21-year old Getinet Bantayehu has already bought and sold several investment properties without using real estate agents.
Getinet has earned the right to be quoted, with his keen ability to articulate the truth in a clear way:
“If you have the time and energy to do the work, then it doesn’t make sense to use a Realtor,” he said. “I mean it’s not like being a doctor. Obviously you wouldn’t want to perform your own surgery. But it is like being a barber. You could save 20 bucks and give yourself a haircut. Except when you’re your own Realtor, you save like 20,000 bucks.”
It has happened with air travel, stock trading, insurance rates, and even relationships. The next industry on the list for “reform by internet” is Real Estate.
Michael Poythress
Tags: fsbo, real estate, realestate, homes, for sale by owner
April 16th, 2006 at 10:43 pm
all B.S.
Being your own agent is like giving yourself a very bad haircut and not knowing it because you don’t have a mirror. You save on commissions but you’ll never know if you underpriced your home or missed out on some buyers simply because you’re afraid to pay 3% buyer’s commission. It only works in a hot market where all you need to do is put up a sign and a reasonable price.