Taking overpriced listings...
Do you like overpriced listings? Do you 'take' overpriced listings?
Once upon a time, they were nightmare but with changing market....what do you think?
Here's a re-blog from Janice!
Here in Valdosta, GA we are still very much in a buyers market. We are seeing a decline in the amount of inventory but, not enough to throw us into a seller's market....yet.
Each day when I look at the new listings on the market I am seeing a plethera of overpriced homes.
I try very hard not to take an overpriced listing. The deciding factor for me is just how overpriced it is.
My only heartache with not taking an overpriced listing is lately it seems the ones I have turned down end up selling with another Realtor. The scenerio goes, the owner will list at a price they feel is fair for their house with the first Realtor who is most willing to list it at that price. You will then typically see price reductions after a period of time and the home sells and you, the one who turned it down, has lost a commission. I have had this happen twice in the past six months. Really not a good feeling at all.
No amount of research can convince some owners that the price they feel their house is worth is too high. So, my plan of action is to start taking these listing with built in price reductions after 30, 60 and 90 days. Have them agree to and sign during listing appointment. Will this work? I don't know. But it certainly can't hurt....or can it? What are your views on overpriced listings?
Janice MacMillan, Realtor
ERA Joyner Realty
231 Northside Drive
Valdosta, GA 31602
229.241.8884 (Office)
229.834.0946 (Cell)
229.241.9994 (Fax)
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