- This topic has 2 replies, 3 voices, and was last updated 16 years, 11 months ago by
Ex-SD.
-
AuthorPosts
-
September 18, 2007 at 5:45 AM #10326September 18, 2007 at 7:29 AM #84935
liver
ParticipantI would say the real estate agent was incompetent not greedy. If they were greedy they would have priced it at $410k and sold it in one day. Agents are much better off getting slightly less for the house in exchange for a quick sale since that means a lot less work. Why would the agent want the house to be on the market for 3 months, having open houses and showings etc. etc. They are paid on commission but 3% of $465K is not that much more then 3% of $430K.
September 18, 2007 at 10:20 AM #84969Ex-SD
ParticipantAs a general rule, people in the southern states (excluding Florida) do not easily get caught up with the hype that prevailed with the run-up in prices in CA. They are much more skeptical than the average Californian and not as prone to sell their home & move up the property ladder every few years. It’s a different mindset. I was born & reared in South Carolina but moved to San Diego for 30 years. When we moved back to SC a couple of years ago, it didn’t take long before I was reminded of the differences between the two cultures. I have a lot of relatives and old friends here that I had not seen in many years and I have discovered that 95%+ of them are still living in the same homes that they were living in when I left 30 years ago. It has nothing to do with money: it’s a matter of not trying to keep up with the Jones’.
If a local R.E. agent attempted to get people involved in a bidding war on a home, they would be met with the biggest ho-hum they had ever encountered and all the interested parties would be likely to just walk away, leaving the seller with no offers. -
AuthorPosts
- You must be logged in to reply to this topic.