http://paloaltoonline.com/square/print/index.php?i=3&d=&t=20838


Town Square

Real Estate Matters

Original post made on May 10, 2013

Technology has really changed real estate. Back in the day, agents had phonebook-sized Multiple-Listing-Service (MLS) publications that provided the current status of homes on the market. Once they identified a particular property, they were left to find the location in a book of maps.

Read the full story here Web Link posted Tuesday, May 7, 2013, 4:11 PM

Comments

Posted by Educated Buyer, a resident of Menlo Park
on May 10, 2013 at 9:14 am

Great advertising for overpaid realtors! If you have bought before, negotiate a flat fee for the transaction and get the rest back during or after escrow. I bought a $1.5M house and paid $5k to my realtor and got the remainder of the 2.5% commission back. My agent spent 10-15 hours hours on the deal as I reviewed and coordinated inspections. A realtor is usually has a highschool or undergrad degree, so why are they worth more than $1,000 an hour in certain cases?


Posted by Educate Them!, a resident of Old Palo Alto
on May 10, 2013 at 10:31 am

I have noticed that lately there are many well-educated people going into real estate because they can no longer make a good living in their chosen profession-- law, business, economics, aerospace, engineering, etc.

When this real estate bubble eventually bursts, where will they go? Real Estate seems like an easy way to make a lot of money quickly, not a lot of brains are needed, but the market is quite unpredictable. I have seen realtors go from rich to poor in a matter of months.


Posted by Leslie, a resident of Another Palo Alto neighborhood
on May 12, 2013 at 7:16 pm

Educate them says: "Real Estate seems like an easy way to make a lot of money quickly."

I read that one real estate company in Menlo Park had 124 realtors working out of their office which serves Menlo Park, Portola Valley and Atherton. If there are four or five other real estate companies with that number of sellers, I'd have to say the competition for listings must be horrendous!!!

Only the good and well established realtors are making it right now. Everyone else is working hard for zero rewards!!!