Within the last year I've sold a property, bought one, and am currently trying to sell my original home. There are two things you need to understand:
1) The auditor doesn't undervalue, they OVER value homes so they can TAX MORE. Oops the levy didn't pass? Time to go re-audit everyone's home.
2) How much of that 6% the Relator gets: they have to split it with the buyer's Relator so that $6k on a $200k just dropped to $3k which they have to give half to whatever reality company they're working for. We're talking $1500 before taxes, had they put all that work in to sell the home for $280k, you're only talking an extra... $450. They could had sold 5 other houses with that time spent.
Relator is a job I wouldn't want, they're basically working for free conducting open houses, showing people other houses and they're not allowed to audit the clients for fear they will get a discrimination lawsuit so you have any riff-raff strutting through homes they're never going to live in so they can "feel rich" for an hour and wasting everyone's time. Then they have nerve to give THEIR recommendations of what the house would need for them to consider buying it without putting a penny down in earnest money.
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