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I've spoken with tens of real estate experts in 2017 and 2018, and everybody pretty much agreed that the transaction costs generally approach or even surpass 10%.

There's much more than just agent fees to include in these costs. Title insurance. Closing. Mortgage origination fees. Etc.

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Just bought a home half a year ago, fees came out to nowhere near 10%. It was just around 2% that came from my pocket, and the seller paid the rest, but even then I doubt they paid 8% to get that 10% figure they're suggesting.

I negotiated the purchase of my condo from our landlord. The first thing we did was shave 6% off from the avg price in the area due to not using real estate agents. That fee is an indirect amount you paid through an increased price.

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