In the office the other day, there was a brand new agent on floor duty. When I say brand new, I mean brand new, not one transaction yet. She is a nice woman, very anxious to get her real estate career started, and very eager to gain clients.
She proceeds to tell me she had a lead call from a man who wanted to list his home, no questions asked. Sounds great, huh? Well, he wants to list his home for over $500,000, when the comps in his area clearly do not support that. Of course his house is the best on the block, yadda, yadda. You know how it goes. She is concerned on what to do.
Take the overpriced listing?? If she takes the over priced listing, she could recieve lead calls off of it, potentially gaining more clients. She could use this as advertisement for herself.
RUN from the overpriced listing.. If she takes the overpriced listing, she may be creating a world of problems for herself. She will be paying to advertise this property, which indeed is not going to sell at the price the homeowner thinks. Eventually the homeowner will get frutrated with her for not selling his property, or come to the realization he needs to lower the price.
WHAT WOULD YOU DO?
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