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Originally Posted by newts
I'm a realtor, and here's my thoughts on this.
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and mine as well!
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Although I'm capable, I don't change my own engine oil because I don't want to. I pay a premium to someone to do it.
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But you have unlimited access to the resources that would allow you to do so.
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Although I'm capable, I didn't write my own will for my wife and I because I didn't want to. I paid a premium for someone to do it for me.
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I am not sure on this one.
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Although I'm capable, I don't rake/fertilize my lawn in the spring because I don't want to. I pay someone a premium to do it.
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But you have equal and easy access to the materials that would allow you to do so effectively.
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etc...
If you have the ability, time and no how to buy/sell your own place, you should do it. Save the money!
If you want someone to handle it for you, call me and pay me. You want to negotiate fees? Let's do it.
For everyone I come across who has the ability and time to manage the whole process themselves, I come across ten people who don't know where to even start, or don't have the time to do it. It's not rocket science, but my clients time is their money, and in this case they put their trust in me to handle things. For that I get paid.
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People who want to do it themselves are extremely limited as a function of the system that realtors created. Hence, the self-licking ice-cream cone analogy for the industry.
I should actually qualify what I wrote as well - I don't mean to belittle the hardworking realtors that are out there (I know you exist somewhere) but I have had terrible experiences in the past (3 buys and 2 sells) with little value added and lots of value taken.
My beef is that, while the option is there, the system (created and maintained by realtors) makes it extremely difficult to do so independently and there is not enough of a barrier to entry to promote confidence.