Currently there is an agent with three properties for sale in my neighborhood.  These three properties are killing the resale values in my area.  The interesting thing about these properties is they are neither bank owned nor are they short sales.  Property values in my city as a whole are staying roughly the same.  However, if I were to sell my home today I would have to accept approximately ten percent less than a few months ago simply because this agent is a moron.

All of the homes are below market value and I'm not entirely sure why they are not selling.  All of them are in poor shape.  Two of them were not fixed up or staged at all and are literally pigsties.  I recently took a buyer to one and he walked straight out after seeing the mess.  The houses themselves are not that bad.  They just need a good cleaning.  The third house was remodeled but poorly.  The kitchen island is about two feet tall.

Even more interesting, I have noticed that most of this agents listings are sold through dual agency.  You would think that given the low prices other agents would offer, wouldn't you?  I toured all three properties - one of them twice - and never received a call or e-mail about any of them.  While I cannot say for sure, things certainly look suspicious.

I do not mind that other agents have listings right next to my own house.  This is just how it happens in the business.  What I cannot stand is when - due to a combination of greed and stupidity - an agent causes my house price to fall.  If you're going to sell in my neighborhood, then please do that - sell!