You may be wondering why Real Estate Agents take overpriced listings? Why would they do that when they get paid to SELL the home? Here are a few reasons. Over the years I've asked why real estate agents take an overpriced listing. I see this go on in my own neighborhood and it is very frustrating to see. Especially when you know the home will not sell and the seller will end up having to take less money than “fair market value”. This video will explain why.
If a home is overpriced it's NOT going to sell and it will become SHOP-WORN. This is not a good thing to happen to a home seller. The best thing you, as a seller can do, is choosing a Realtor that knows what they are doing and will give you the HONEST answer to the common question: “What do you think my home is worth”.
Choosing the right agent can either make you money or lose you money – it's your decision!
Transcription
Hi everyone. This is your Tampa Bay realtor, Lance Mohr and in this video, I want to talk about a question for years. Since I've been in the business over 20 years ago and that is why do realtors take overpriced listings? That’s what I’m going to talk about in this the short video.
I’m a little surprised I haven't done a video on this because I just had so many people ask me, neighbors asked me, I mean friends, acquaintances, everybody. Why do realtors take over price listings and a lot of people really don’t understand and know why? So plenty just give you a few reasons why realtors need to take over price listings. The first one is they just think of the seller has to get the home sold. They might as well be the person that list it. I had an agent tell me one time, he said “Lance what was I supposed to do if the seller is going to list the home at least it's me at the end of the day have eventually sell it and I'll get paid money. So I don't necessarily agree with that right there. I think you should be upfront and honest with someone but as long as they are then you know you’re going to have to make the decision as a seller.
Another one is just a pressure on the office. In real estate, they always say Listings Listings Listings. The office is pretty much everywhere. Any books to read, you know any type of training we go to everything just about listings listings listings. Of course the office once the yard sign in the front yard. They want that the recognition. They want to be seen and a lot of times the agent does too. They want to sign in the yard. Maybe they want it in the yard so they can knock on doors and see if anybody else wants to sell. Where they can call on the telephone to the neighborhood “hey, I have a listing or you thinking of listing your home”.
I know the reason they may want to do it is maybe they want to sit open houses. It's a very passive way to sell a home but open houses whenever it was never really meant to sell homes from the real estate community. Most agents do it in virtually all agents do open houses because you're trying to procure a buyer. They are trying to get a buyer that they could work with. They're basically using the property as a marketing tool, have buyers come in and they need buyers. So that that so that's a way as well there's a lot of different reasons why agents may take over price listings. Those are the some of the most common reasons now I said this a lot over the years if you get higher a real estate agent hire based off of their marketing and hire them base of their negotiating skills.
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