Reading this, I thought of another way to attack it. Go to all the other homes in the neighborhood, introduce yourself, and say "If you are interested in selling your house, now might be a good time. You neighbor has theirs listed way to high, and it would give you the chance to be the most agressively priced in the neighborhood."
I know, maybe a little unorthodox.
Most sellers know what they paid, what they need to get, and that people will make low offers. I had a seller that just would not follow the markets pricing. They just would not take my advise.
Gina - I know what your saying, but let them carry on, they are not doing their client or themselves a favour.
Kevin - Like it alot.
Hi Gina,
The agents that take these listings know that after awhile on the market, the sellers will have to come down on their price because there is NO ACTIVITY going on. I always tell my clients if they want to put the price on the property, they can ~ as long as they are not really motivated...but we will know within 2 weeks of being on the market, if the price will have to be adjusted. It is as simple as that. If there is NO ACTIVITY ~ It is always the PRICE or LOCATION!
Lu - I know it can be hard, but if they are too over priced and will not listen to your advise and knowledge, do you really want to carry the listing for 6 months or more with the cost of advertising and then the possiblility of them saying "well we used **** and he could not sell it".
May be better to walk away and keep an eye on it for expired, or you may find in 6 months they will ome back to you and ask you to list thier house, because you told them the truth.
Yes, I know it doesn't pay the bills, but it doesn't cost alot either.
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