The reply was a bit harsh, but let's not act like the real estate industry isn't riddled with skeezy practices.
1) Home inspections that aren't really "inspections" and are just there to grease the skids
2) Buyer's agents don't have a fiduciary duty to protect the buyers.
3) Pricing "knowledge" that is typically public info, just locked behind access restrictions
4) predatory lending practices
It's a very incestuous market where the agents are friends with mortgage loan officers at banks, handymen, inspectors, and law offices that handle closing.
The fact that it costs somewhere between 10-15% of the value of a home to actually transfer ownership is highway robbery.
1) Home inspections that aren't really "inspections" and are just there to grease the skids 2) Buyer's agents don't have a fiduciary duty to protect the buyers. 3) Pricing "knowledge" that is typically public info, just locked behind access restrictions 4) predatory lending practices
It's a very incestuous market where the agents are friends with mortgage loan officers at banks, handymen, inspectors, and law offices that handle closing.
The fact that it costs somewhere between 10-15% of the value of a home to actually transfer ownership is highway robbery.