I'm with you. You know the seller will ultimately blame his agent when the property doesn't sell. This agent has doomed himself to failure.

I totally agree!

Bruce,

I think this seller still thinks it's 3 years ago and the agent doesn't have the spine to stand up to them. When I first started, I would have taken the listing, just to get the exposure, but there's no way I'd do it these days. It's just a waste of time.

And the huge price reduction will only hurt the rest of the market...and still may not move the property.  Dumb!!!

Hi Bruce,

Happen's all the time, some agents would not tell seller's the right price because they do not want to loose the listing, so here comes an overpriced house that sits until expired.

Anthony

You are all right on the money.  I can sort of understand if it is a newer agent, but thinking long term, it just doesn't make sense.  I know agents do it all the time, the "listers", and they know they will get plenty more, even after this one expires. 

I wonder how many agent he interviewed before he found this guy to sell his house. I would say alot probably.

I agree with Stacey. Interview enough agents and you'll find one "smart enough" to agree with your price.

Bruce

Home owners like these usually tell you that there are no showings in the mornings, afternoons and evenings no Sunday appointments and calls us for everything else so we can put the dogs outside.

This is certainly something you would hope agents would not do given the current market. Not only is it a waste of time & money, it gives falls hope to sellers and also floods the market with inverntory we don't need. In speaking with  several agents recently, many of them are saying they are no longer working with sellers who can't come close to market value.

I absolutely agree with you... this one will more than likely be an EXPIRED (my favorite!!!). Sounds like the agent has No guts, No marketing plan and No knowledge of any objection handling techniques. I've walked away from plenty of listings in the past, my rule of thumb is: I'd rather turn them down now rather then let them down later. Does the agent really expect to get any one in your local MLS to sell this property? (I'd probably show it just to sell my own priced right listings). Unfortunately, (or fortunately depends how you want to look at it) there are so many agents out there that don't have the cojones to look the seller right in the eye and say "NO... I don't think I'm the Realtor your looking for" or something to that effect. 

I recently walked away from the same listing twice before finally getting the ziggy the third time. They were an EXPIRED listing gone FSBO. I'll keep it short, here's what happened... the first time the husband (primary home owner) wanted me to list it for 639k when my comparables clearly showed 549k (on the high side), I politely said NO and left. A couple weeks later his wife called me to list the house and I said, "Sure If you're ready to get the ball rolling today then I'll be more than happy to stop by help you get your home sold." When I arrived the husband says to me "I'll give it to you for only two months and I'm not paying you more than 3%". Again I politely said NO and walked away. A couple more productive weeks had gone by when they both called me up and said "Vincent, we really need to sell the house". I said, "Sure, what time could you be in my office? Is 5 o'clock good for you or would 7 o'clock be better?" You guessed it, I wasn't going to waste my time with an overpriced listing, with no commission, and no time to sell. They came in to my office, gave me a full term listing (180 days), full commission (6%), and full accessibility (keys) and to make a long story short it took 2 weeks to them a buyer and into contract. I expect to close within the next two or three weeks.

Best of luck and keep doing what you do.

What's the point of listing a home if you know it won't sell? Just to list it to say that you list it? It's not difficult to tell the agent's heart is not in it at all.

Cheers,

Cindy