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Blog entries tagged with "overpriced listing":
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It seems that in this slower market I am seeing more active rain articles reminding sellers and Realtors about the risks of putting a house on the market for more than fair market value.
Back in February, I blogged about a situation I was in with a potential listing who wanted to overprice their listing. I have an update for you.
Just to refresh your memory, I said the house barely comp'd at $350k and that it would likely sell for less, but the sellers … (13 comments)
SOAPBOX MOMENTS !
Talking to other agents around the office and working on deals you have opportunity to share experiences. Not only is it interesting but I usually learn something that I didn't know, or a bit of additional info is gleened that can be added to a subject that I recently learned about.
We listed a new home for a client last year in a beautiful community. This client came to our office and asked us to list his home, but was very set on listing it at a certain price, He was adamant that this was the lowest he could list it for and still make … (4 comments)
I've had a listing for several months now & felt that I had a good working relationship with the owners. While they've given me several price reductions, I felt that we needed to reduce the price again b/c of continuing declines in the market, particularly in their property type. The other day, … (3 comments)
I have come to find out that there are good agents in this business and then there are the not-so-good agents. 
I noticed a listing come up in the neighborhood adjacent to mine this past week and it took me by surprise, so I stopped by the house to see for myself. It was an ordinary house for the neighborhood, and had no outstanding characteristics, but had a listing price of $400,000. … (12 comments)
Florida is number one in the nation on mortgage fraud. And we are seeing it in front of our faces day in and day out. It is bad. And it is negatively affecting our business and our communities. I guess that I have been lucky that I never had any … (20 comments)
Are you a listing collector or do your listings sell? In the past couple of years in our market, you were hard-pressed to find an expired listing. If it did expire, then something was gravely wrong with the home, Broker's market exposure or both. You could even slightly overprice the home and have … (10 comments)
by David Kucic, Hawaii Real Estate AgentHawaii Real EstateAre your sellers giving concessions to buyers? I am not talking about giving them enough to put a 10 or 20% down payment but just enough to cover closing costs for example. The math is simple to figure out. I bet you have … (7 comments)
For Sale By Owner... The risky side of selling your home aloneBy Brian Ortiz, Chicago Real EstateChicago IL Real EstateTypically most sellers list their homes with a Realtor, however some individuals choose to handle the selling of their home on their own. Selling a home under "For Sale By Owner", is absolutely possible, but there … (1 comments)
Now in order to understand this analogy, you have to think back to a time and place long, long ago...before Playstation and Nintendo and Atari...Remember the old pinball machines? You pulled back the plunger to shoot the balls into the game, hoping it would hit the bumpers for points and the … (11 comments)
Over the past year or so I discovered an interesting Real Estate wrinkle I call "The $800,000 House Phenomenon." I didn't recognize it at first because I think it used to be called "The $600,000 House Phenomenon" but as the housing market changed, so did the phenomenon. And although I personally … (41 comments)
Here's an interesting perspective from a local board's ethicsinstructor. He believes that an over-priced listing could get youcalled up on an ethics violation. The example he uses is a Realtor(only Realtor's can be sanctioned by the local board visa vie a realestate agent, which cannot be sanctioned) taking, at the homeowner'surging, … (8 comments)