I am discovering more and more that agents in the Frederick County area are pricing homes over what the market can handle. I know that the seller's are wanting this, but is it doing them any justice?? Days go by, Weeks go by, and then months and their home is still sitting. What does that cause the buyer to say? "Oh this has been on the market a long time, there must be something wrong with it" The home than sits and sits and eventually a buyer comes along and says "This has been here a long time, I can offer much lower than they want"
Is this doing any good to the Seller? I think not!
I have lost a few listings due to other agents agreeing with the seller on pricing their home for more money, in the end I end up selling a home nearby for more money, when indeed I started out at a lower list price! Go Figure!!
I just listed and placed a home under contract within 90 days. The home was priced a few thousand below some of the other ones and the neighbors complained that their value will go down. No this doesn't help me get their listings at first, but eventually they see that its not me determining the price of the home. IT IS THE MARKET.
How many of have experienced the same thing??
Comments(1)