But there’s a legitimate case for more people to follow in Albert’s footsteps. That’s thanks to a recent settlement focused on agent commissions.
In short, buyers and sellers could be responsible for paying their agents separately. Previously, sellers typically paid out both agents with a chunk of the final sale price, usually around 5-6%.
(Business Insider’s James Rodriquez has done a fantastic job covering this whole saga, including how the settlement could upend the future of homebuying.)
So, with real estate where it is — expensive and mind-numbingly frustrating — you could see why buyers might be willing to cut ties with agents to save some cash.
It all speaks to a broader DIY debate that plays out in industries. Take personal finance. Financial advisors are a market worth trillions of dollars. Yet some say you’re better off avoiding advisors and their fees and sticking your money in low-fee index funds.
Sometimes, though, people are willing to “pay for peace.”
Airbnb upended the hotel industry when it entered the scene. Why pay for a pricey, small hotel room when you could rent an entire house or apartment, often at a lower price?
But it wasn’t long before annoying checkout chores and exorbitant fees sent some people running back to hotels.