I didn’t mean to be misleading however I do believe that the larger brokers do actually have more overhead to take listings that are overpriced. Pretty much every time I go to listing appointments, the clients say hey I have had other interviews with agents from *insert large broker name here* that said they believe my home will get this much for the home. In all those instances I tell them hey, you can list it for that much but in my opinion, you will not get much for it. So they invariably either list it with them or they list it with me at the higher price. I am trying now not to take those listings anymore but you are right, some of them I do take.
So let me clarify my point, I do believe that it is much easier for larger brokerages to carry listings that are priced in a manner that affords a lower probability of selling then it does for smaller brokerages with lower overhead.
In fact, in the older posting that I pulled the quote from, (where I spoke of the two dead dogs I had) that is a Lemon Grove listing that I did not take because the price that the guy wanted to price at was not what I agreed with, so he most likely listed it with his friend that worked for a larger brokerage.
Your point is very well taken however. In SOME instances we all do take overpriced listings, myself included. I just took one down on Valencia in Rolando, that IMO is well overpriced, although again, they are good friends who when they bought the place assured me they would be there for the long run but of course have since changed their minds and will take a huge bath. Another one was the Mira Lago listing down up in San Marcos. I begged the guy to list in the low 500’s when I took the listing and he wouldn’t do it… He stayed with me for awhile and it never sold… He said he would never sell at that price… so here he is with Prudential, after many many months on the market pending at 475k…
Now of course this is the same Prudential agent he said that he previously interviewed before he hired me who told him for sure it would sell at 550k due to the Prudential marketing power.
To finalize, yes you are correct, we do take listings that we sometimes view as overpriced. Personally I tell my clients flat out that I believe they are overpriced and in some cases way overpriced. Whether everyone else does that I am not sure.
