oneangryslav2 at vancouvercondo.info 16 Jun 2010 12:38 pm -
“My sister has just put her house on the market. Her real estate agent suggested a listing price that was about $50K less than comparative sale prices from about a month ago. My sis demanded that the house be listed for about $10k less than the most recent comparable sale. This is in Coquitlam. I find it interesting, given that my sis believes that the market is going to tank, while her real estate agent thinks it won’t. So why is he suggesting a listing price so much lower than recent comps? Doesn’t make sense. My sis is aware of the nature of the current market and will be very careful about dismissing any offers out of hand. I think she’s hoping for an offer somewhere at the mid-point of the listing price and the real estate agent’s preferred listing price.”
[Of course, the realtor may just be wanting to ensure a reasonably quick sale, but, more broadly, the idea of sellers now having to chase buyers is important. -vreaa]
Agent is smart. Listings are high, and the lower price will attract attention.
I think some will disagree but if she really wants it sold, she gets a Realtor who will advocate flexibility in price. A lot of buyers won’t bother offering if they think the seller won’t budge.
It’s possible that the agent just wants a quick and sure sale , which means less work for the agent and a near-certainty of earning a commission. It’s equally possible that the agent is quite sincere and knowledgeable and is suggesting a very realistic listing price based on all the relevant particulars.
“It’s equally possible that the agent is quite sincere and knowledgeable”
Ha hahaha!!!
This was the funniest comment I read all evening – simply hilarious.