The agent with the highest PFA price gets the listing

Three agents give listing presentations, who does the homeowner choose to work with?  All other things being equal, the agent who 'says' the house should be listed for the highest price.

Of course all the other things are never equal.  There will always be some differences between the prospective agents.

This brings up the PFA (pulled from A$$) listing prices that were seeing out there on the market today.  It is caused for a few reasons:

PFA listing reasons

• The property owner wants as much as they can get (this is expected, and the agents duty)
• The property owner is unrealistic (this is bad)
• The agent wants the listing at any cost (These agents aren't good or around very much longer in this market)
• The agent doesn't know the market (this also is bad)
• The agent has a plan to take the listing and talk the owner down in price at a later time (unethical)

  
  What amazes me is how many of these agents are still out there burning clients with this strategy, how many overpriced listings there still are on the market, some even one year later.  It's too bad that more people don't sit down and analyse the true costs of continuing to own and market a property over, especially when they may be running multiple households, leaving the house vacant or renting at a loss.