Home › Forums › Closed Forums › Buying and Selling RE › Are realtors advising their clients to price their homes low?
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urbanrealtor.
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January 7, 2009 at 1:33 PM #14777January 7, 2009 at 3:06 PM #325610
cr
ParticipantTotally agree.
Prices in my area have dropped but nowhere near enough.
That’s always been the problem I have with the process of purchasing a home. It’s always said the sellers pay the Realtor, but that money comes from the buyer.
I can’t speak for the industry, but it’s still relatively early in the correction process, and more importantly early in the process of accepting that RE prices are falling.
Prices in SD for example have fallen for 3 years, but only recently are people acting accordingly.
January 7, 2009 at 3:06 PM #326118ParticipantTotally agree.
Prices in my area have dropped but nowhere near enough.
That’s always been the problem I have with the process of purchasing a home. It’s always said the sellers pay the Realtor, but that money comes from the buyer.
I can’t speak for the industry, but it’s still relatively early in the correction process, and more importantly early in the process of accepting that RE prices are falling.
Prices in SD for example have fallen for 3 years, but only recently are people acting accordingly.
January 7, 2009 at 3:06 PM #326036ParticipantTotally agree.
Prices in my area have dropped but nowhere near enough.
That’s always been the problem I have with the process of purchasing a home. It’s always said the sellers pay the Realtor, but that money comes from the buyer.
I can’t speak for the industry, but it’s still relatively early in the correction process, and more importantly early in the process of accepting that RE prices are falling.
Prices in SD for example have fallen for 3 years, but only recently are people acting accordingly.
January 7, 2009 at 3:06 PM #326018ParticipantTotally agree.
Prices in my area have dropped but nowhere near enough.
That’s always been the problem I have with the process of purchasing a home. It’s always said the sellers pay the Realtor, but that money comes from the buyer.
I can’t speak for the industry, but it’s still relatively early in the correction process, and more importantly early in the process of accepting that RE prices are falling.
Prices in SD for example have fallen for 3 years, but only recently are people acting accordingly.
January 7, 2009 at 3:06 PM #325949ParticipantTotally agree.
Prices in my area have dropped but nowhere near enough.
That’s always been the problem I have with the process of purchasing a home. It’s always said the sellers pay the Realtor, but that money comes from the buyer.
I can’t speak for the industry, but it’s still relatively early in the correction process, and more importantly early in the process of accepting that RE prices are falling.
Prices in SD for example have fallen for 3 years, but only recently are people acting accordingly.
January 7, 2009 at 3:12 PM #325954sdrealtor
ParticipantSellers motivations and expectations typically dictate asking prices. Those are governed by recent sales prices. Everyone thinks their home is worht what the last guy got if not more. Would you want less. It is incumbent upon us as realtors to get our clients to price as close to the market as possible. Experienced agents have more success than inexperienced ones but some clients are too stubborn to listen. With a reasonably set listing price the house should generate offers. If offers dont come in, the price must be wrong as price can fix anything. Once offers come in, the real work begins.
January 7, 2009 at 3:12 PM #326023ParticipantSellers motivations and expectations typically dictate asking prices. Those are governed by recent sales prices. Everyone thinks their home is worht what the last guy got if not more. Would you want less. It is incumbent upon us as realtors to get our clients to price as close to the market as possible. Experienced agents have more success than inexperienced ones but some clients are too stubborn to listen. With a reasonably set listing price the house should generate offers. If offers dont come in, the price must be wrong as price can fix anything. Once offers come in, the real work begins.
January 7, 2009 at 3:12 PM #326041ParticipantSellers motivations and expectations typically dictate asking prices. Those are governed by recent sales prices. Everyone thinks their home is worht what the last guy got if not more. Would you want less. It is incumbent upon us as realtors to get our clients to price as close to the market as possible. Experienced agents have more success than inexperienced ones but some clients are too stubborn to listen. With a reasonably set listing price the house should generate offers. If offers dont come in, the price must be wrong as price can fix anything. Once offers come in, the real work begins.
January 7, 2009 at 3:12 PM #325615ParticipantSellers motivations and expectations typically dictate asking prices. Those are governed by recent sales prices. Everyone thinks their home is worht what the last guy got if not more. Would you want less. It is incumbent upon us as realtors to get our clients to price as close to the market as possible. Experienced agents have more success than inexperienced ones but some clients are too stubborn to listen. With a reasonably set listing price the house should generate offers. If offers dont come in, the price must be wrong as price can fix anything. Once offers come in, the real work begins.
January 7, 2009 at 3:12 PM #326123ParticipantSellers motivations and expectations typically dictate asking prices. Those are governed by recent sales prices. Everyone thinks their home is worht what the last guy got if not more. Would you want less. It is incumbent upon us as realtors to get our clients to price as close to the market as possible. Experienced agents have more success than inexperienced ones but some clients are too stubborn to listen. With a reasonably set listing price the house should generate offers. If offers dont come in, the price must be wrong as price can fix anything. Once offers come in, the real work begins.
January 7, 2009 at 5:48 PM #326004SD Realtor
Participant“so I can’t believe that it wouldn’t be in a realtor’s best interest as well as their client’s to list well below the selling prices in the area so they can move the houses before the prices go down again”
Fredo it is a tough road. The job of a realtor has to be for whatever is in the clients best interest and the realtors best interest has nothing to do with anything. The expectations and the conditions for each client dictates the mindset of each and every client. There are more people then you think who are out there and are putting a home up for sale yet who do not “have” to sell. My job at the listing appt is to give them as much factual data as there is available so that we can come up with a good starting point for the sales price. Additionally giving the seller an accurate portrayal of the market conditions and showing them homes that did not sell, that sat and expired or cancelled is just as important. Presenting as much factual information as possible is helpful. Often times though sellers get conflicting information from realtors when they interview multiple agents. Often times I get characterized as to bearish and to pessimistic in pricing when compared to the REMAX agent who has a better price point. What can you do? Additionally the level of denial is something that you should not underestimate. If you think every seller is thinking the sky is falling you are wrong because for them it is not. At least not most of the time. Sometimes you have to let them learn the lesson right?
Sticky on the way down man.
January 7, 2009 at 5:48 PM #325665Participant“so I can’t believe that it wouldn’t be in a realtor’s best interest as well as their client’s to list well below the selling prices in the area so they can move the houses before the prices go down again”
Fredo it is a tough road. The job of a realtor has to be for whatever is in the clients best interest and the realtors best interest has nothing to do with anything. The expectations and the conditions for each client dictates the mindset of each and every client. There are more people then you think who are out there and are putting a home up for sale yet who do not “have” to sell. My job at the listing appt is to give them as much factual data as there is available so that we can come up with a good starting point for the sales price. Additionally giving the seller an accurate portrayal of the market conditions and showing them homes that did not sell, that sat and expired or cancelled is just as important. Presenting as much factual information as possible is helpful. Often times though sellers get conflicting information from realtors when they interview multiple agents. Often times I get characterized as to bearish and to pessimistic in pricing when compared to the REMAX agent who has a better price point. What can you do? Additionally the level of denial is something that you should not underestimate. If you think every seller is thinking the sky is falling you are wrong because for them it is not. At least not most of the time. Sometimes you have to let them learn the lesson right?
Sticky on the way down man.
January 7, 2009 at 5:48 PM #326074Participant“so I can’t believe that it wouldn’t be in a realtor’s best interest as well as their client’s to list well below the selling prices in the area so they can move the houses before the prices go down again”
Fredo it is a tough road. The job of a realtor has to be for whatever is in the clients best interest and the realtors best interest has nothing to do with anything. The expectations and the conditions for each client dictates the mindset of each and every client. There are more people then you think who are out there and are putting a home up for sale yet who do not “have” to sell. My job at the listing appt is to give them as much factual data as there is available so that we can come up with a good starting point for the sales price. Additionally giving the seller an accurate portrayal of the market conditions and showing them homes that did not sell, that sat and expired or cancelled is just as important. Presenting as much factual information as possible is helpful. Often times though sellers get conflicting information from realtors when they interview multiple agents. Often times I get characterized as to bearish and to pessimistic in pricing when compared to the REMAX agent who has a better price point. What can you do? Additionally the level of denial is something that you should not underestimate. If you think every seller is thinking the sky is falling you are wrong because for them it is not. At least not most of the time. Sometimes you have to let them learn the lesson right?
Sticky on the way down man.
January 7, 2009 at 5:48 PM #326092Participant“so I can’t believe that it wouldn’t be in a realtor’s best interest as well as their client’s to list well below the selling prices in the area so they can move the houses before the prices go down again”
Fredo it is a tough road. The job of a realtor has to be for whatever is in the clients best interest and the realtors best interest has nothing to do with anything. The expectations and the conditions for each client dictates the mindset of each and every client. There are more people then you think who are out there and are putting a home up for sale yet who do not “have” to sell. My job at the listing appt is to give them as much factual data as there is available so that we can come up with a good starting point for the sales price. Additionally giving the seller an accurate portrayal of the market conditions and showing them homes that did not sell, that sat and expired or cancelled is just as important. Presenting as much factual information as possible is helpful. Often times though sellers get conflicting information from realtors when they interview multiple agents. Often times I get characterized as to bearish and to pessimistic in pricing when compared to the REMAX agent who has a better price point. What can you do? Additionally the level of denial is something that you should not underestimate. If you think every seller is thinking the sky is falling you are wrong because for them it is not. At least not most of the time. Sometimes you have to let them learn the lesson right?
Sticky on the way down man.
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