Key Points
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Agents and Brokers are Skinny-dipping in Commission Deprivation
– With the post-Sitzer real estate shift, agents and brokers are finding them virtually swimming without any inflation buoyancy. They’re stripping away the excess fat of hefty commissions and going lean. Why? Because they have to compete in this reality-show themed market, friends!
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Deal-Making aka Squeezing Out Every Dollar
– Real estate dealers are now staging an epic performance of ‘how many pennies can I squeeze from this deal?’. A far cry from past bounteous times where good deals were as plentiful as popcorn in a multiplex.
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Any Port in this Stormy Market
– The real estate market right now is a bit like getting lost in the high seas. It’s like a brewing storm; agents, brokers, everybody is fighting hard to find their shelter and navigating the waves is far trickier than the Titanic iceberg avoidance strategy.
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The Commission Ice Age is Over
– It’s a bitter frostbite for agents and brokers as the days of indulging in the Ice Age of stunning commission cheques are as dead as the dodo. Reduced commissions are the new black in this evolving market climate.
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Buyers, Time to Jump into the Ring
– If there ever was a time for buyers to step into the high stakes, no-holds-barred wrestling match that is property buying, it’s now. Armed with a healthy market awareness and savvy negotiation skills, buyers can land a knockout blow on the house price.
Hot Take
We’ve all heard of ‘Netflix and chill,’ right? However, the real estate world is now filled with agents and brokers practicing ‘Netflix and deal,’ trying to keep calm amidst these rocky market shifts. It’s like Survivor: Commission Island, the most ruthless contestants can adapt and survive!
The real estate lions are having to transform from proud, roaring beings commanding a jungle to smart, lean foxes carefully navigating a complex labyrinth of reduced commissions and razor-sharp competition.
For the buyers, it’s a real-estate-themed version of The Hunger Games. Only those with the sharpest instincts and wheeling-dealing prowess will come out unscathed. Brush up on those negotiating skills folks, for there has never been a better time to cut a killer deal!
So, as we pull up the popcorn and await the next plot twist in the real estate reality show, remember, whether it’s a love story, a farce or a tragedy, it’s definitely interesting. After all, who doesn’t love a good ‘House of Cards’?
So there you have it geeks and geekettes, just a regular day in the world of real estate: where buyer commissions are undergoing a diet, and brokers are skinny-dipping in commission deprivation. Sigh! If only the treadmill of life was this effective at burning off excess weight!
Original article: https://www.inman.com/2024/02/17/buyer-agents-are-already-cutting-commissions-the-download/
