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re: What I'd do different next time: A real estate agent/transaction story/rant
Posted on 8/4/17 at 8:43 am to lynxcat
Posted on 8/4/17 at 8:43 am to lynxcat
quote:
What if I am fine with it taking two months to sell the house?
Years ago that would be one thing, but with computer programs and everyone having access to online listings people are looking themselves all the time and automatic searches are ran daily. So for a house to sit for 'months' usually means it is overpriced or you are waiting for a new buyer. People throw out a price to high to see if they get bites, and then after 2-3 months on the market someone will low ball to test the waters or they lower it. Basic capitalism.
Again though, that is on the seller not their realtor. A realtor's job is to pull comps and help the buyer use them to set a price. If the market is hot they may recommend a price slightly above comps as the market goes up, and vice Versa.
But it's routine for the realtor and seller to set a price above comps and still get a full asking price offer. Whose fault is that?
Op never discussed the comps and what his offer was compared to them. For all we know he got the price of the comps, just not more than them.
This post was edited on 8/4/17 at 8:44 am
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