Quote:
Originally Posted by UFO
So we touched on this a few pages back, but just a general consensus, are realtors getting 'desperate' to make some deals yet?
One of our neighbours listed what I felt was on the higher side of reasonable at 435, hoping to sell at 428, assessed value at about 410. They got a couple of lookie loos, but no interest and zero offers. Their agent recommended them to list at 399 and try to auction it up to their accepted sale price of 428. I've not found out how that strategy worked out, but it seems like they were not overly happy with that agent's approach after the fact, perhaps still not getting the quality bites; I'm guessing they were getting offers below or at the new list price, but not over. They are on a time line though, needing to sell by the end of June, so that can play in quite heavily.
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sooooo...whats the question?
Some realtors like to play games. Some are just plain weird people.
Yes, you can take in offers and try to get a bidding war. But you need to know your client, the market and the house. Doesn't sound like this guy understands any of it. Your client is in a rush, your market isn't and the price is average, so the house is too.
Ok. Let's have a 2007 style auction!
Pass.
Maybe its time for tough love that says the house isn't worth 428, or something isn't getting people excited on it.
Sometimes people just want a lot more for their stuff than its worth right now. There are 2 for sale in my mom's former complex that are listed for the prices paid in 2008. They don't get shown. No one looks, meanwhile ours is the 3rd one that sold in the meantime...for a realistic to today price.