The Argentine entrepreneur who seeks to revolutionize the US real estate market with artificial intelligence.

[Betsy Ross]

i negotiated commission from "standard" 3% to 2.4% to 2% total with my realtor that i found (and tested many times, they passed when 95% quit and are lazy/stupid), about 2500 USD. i agree that you CAN get a deal with using the same Seller's realtor, but i never found that to be the case. the ones i dealt with just said they would charge me 3% also, and didn't try to win my business, so i moved on to my own that was cheaper. joke's on them - they could offer 1% for me and they'd make more money and have an easier deal.

i negotiated the price of my Escribania down to 3000 USD and i think you could get it for 2% total of the USD sales price (but my Notary has earned their pay, i promise you. i'm not an easy customer)


my own Buyer's realtor is cheaper, 2% like i said, but it would be living in fantasy-land to think someone paid in commission based on the sales price has any incentive to get me a lower price. the 5% of honest realtors might do this, but overall i have talked to dozens and they are all the same, lazy, lying, "the price looks right to me" type. when SELLING i think you can relax a bit, but when on the Buyer side, you should treat your own realtor as a parasite until proven otherwise. they obviously want you to pay the highest you're able to.


they're 95% scumbags in the USA as well. and Title Companies. gross. i despised every moment of selling my USA house. but once you find an honest one (that you set-up to lie to you and you play dumb about some things), you keep them and keep paying them!


3% is standard in Mendoza. is it more than 3% in CABA?

i'm not sure you're able to avoid commissions/honorarios at all. this was my question: do you HAVE to pay a percentage for a realtor, in a real-estate deal in Argentina? in the USA it isn't required, if you use a Contract (usually written by a lawyer) and a good Title Company, but it is still 5% of the operations.

for a normal sale where the Seller hired a realtor, my Notary told me that i'd have to pay their commission as well (3% on each side), regardless. i'm not sure how a Owner-to-Buyer sale would look, or if it's even possible in Argentina. i'll cross that bridge if i find an opportunity. Realtors are such a waste of money for people who have already bought/sold once

Congratulations @StatusNomadicus. Did you end up finding a house in Mendoza? I am not sure on what fees are outside of CABA. I heard that people are more flexible outside of CABA. There are less transactions in other cities so they don't have the volume that BA gets.

Agree that many realtors in the States are scumbags. Same with title companies. But I agree with Jon at least in the States they do more work. But it is probably easier for them because of the MLS. My cousin is a realtor and much of it is all automated. I don't think Argentina is like that.

You do not have to have a realtor to sell. My neighbor bought her apartment directly with the owner. Her aunt lived in the building and she told the doorman to give her a heads up if anything came for sale in the same building. Realtors in BA are the worst. I don't know if it's like this for everywhere outside of the States. I've only owned in Argentina and the US but I found the process not too easy. I also paid 4% commission when I purchased several years ago.

 

[Blockchain]

@StatusNomadicus where you able to pay for your property in crypto in the end? How did that work out? Did the seller accept to be paid that way? What about realtor or lawyer? If not, how much is the fee to convert it to cash?

 

[MikeYoung]

i negotiated commission from "standard" 3% to 2.4% to 2% total with my realtor that i found (and tested many times, they passed when 95% quit and are lazy/stupid), about 2500 USD. i agree that you CAN get a deal with using the same Seller's realtor, but i never found that to be the case. the ones i dealt with just said they would charge me 3% also, and didn't try to win my business, so i moved on to my own that was cheaper. joke's on them - they could offer 1% for me and they'd make more money and have an easier deal.

i negotiated the price of my Escribania down to 3000 USD and i think you could get it for 2% total of the USD sales price (but my Notary has earned their pay, i promise you. i'm not an easy customer)


my own Buyer's realtor is cheaper, 2% like i said, but it would be living in fantasy-land to think someone paid in commission based on the sales price has any incentive to get me a lower price. the 5% of honest realtors might do this, but overall i have talked to dozens and they are all the same, lazy, lying, "the price looks right to me" type. when SELLING i think you can relax a bit, but when on the Buyer side, you should treat your own realtor as a parasite until proven otherwise. they obviously want you to pay the highest you're able to.


they're 95% scumbags in the USA as well. and Title Companies. gross. i despised every moment of selling my USA house. but once you find an honest one (that you set-up to lie to you and you play dumb about some things), you keep them and keep paying them!


3% is standard in Mendoza. is it more than 3% in CABA?

i'm not sure you're able to avoid commissions/honorarios at all. this was my question: do you HAVE to pay a percentage for a realtor, in a real-estate deal in Argentina? in the USA it isn't required, if you use a Contract (usually written by a lawyer) and a good Title Company, but it is still 5% of the operations.

for a normal sale where the Seller hired a realtor, my Notary told me that i'd have to pay their commission as well (3% on each side), regardless. i'm not sure how a Owner-to-Buyer sale would look, or if it's even possible in Argentina. i'll cross that bridge if i find an opportunity. Realtors are such a waste of money for people who have already bought/sold once

Fabulous you found something! I read online that all these commissions also have 21% tax on top of their fees. Is this right @StatusNomadicus? So it's an additional 21% on top of their fees. Seems like a rip off to have to pay tax on top of that. It's not like you're buying a product.