One of the hardest things to do in today’s Real Estate market is tell the owner of a home , that your house is no longer worth what you paid for it. Although most people know this in their brain it has trouble translating to the heart. In today’s competitive field I am up against Real Estate agents that will tell the seller anything they want to hear to get the listing, then within two weeks they are adjusting the price downwards to the price I recommended.
What do you do? I am starting to cave to the pressure of doing the same thing. Do I feel good about it? Of course not, but I cannot keep letting the listings slip out of my hands.
My approach is to educate as much as possible the seller with a complete sellers package at my listing appointment showing all the comps and statistics. I will do my best to show the dangers of pricing above the market and following it down. If by the end of the meeting I see that I cannot convince the buyer I will play the sellers tune and go with what he wants.
Feel Bad Yes, Do I have an alternative
By Bob
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Also posted in agency sales, agent agreement, Agent Excuses, Blog, houses, houses for sale, Negotiate, negotiating sales price, sales, sales price, selling price
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Tagged real estate deals brentwood, real estate deals pacific palisades, real estate deals santa monica, real estate deals west la, real estate deals west los angeles
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I have written numerous articles on why houses dont sell. Of course you hear from your agents the market conditions were wrong , you were asking for too much money or there were too many houses in the market that was priced lower than you were willing to go. Perhaps yes but perhaps no. Perhaps the agent was not good at marketing, had too many houses to handle, your house was not worth him spending so much time or perhaps he was not a good agent.
READ THIS ARTICLE , YOU REALLY SHOULD BE ON THE LOOK OUT FOR AGENT MISTAKES: 10 marketinjg mistakes
By Bob
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Also posted in Agent Excuses, Blog, Broker Excuses, Days On Market, Listing Time, marketing, Marketing Homes, Marketing Houses, marketing tool, real estate, real estate broker, real estate for sale, real estate license, real estate listings, real estates, Realtor Homes For Sale, Realtor Website, Realtor Websites, sale estate agent, Selling Time, Time Listed
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