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The Abuse Realtors Get in a Declining Market....
My final sale of 2006 was a lovely family that was moving from out of state and into Virginia.  They had been hosed by the Realtor who sold their home.  A really sad situation in which they very likely could have taken action citing several ethics violations.  Long story short, I gained their trust and got them the house of their dreams at $50,000 below list price...something I never thought would fly.  It was the lowest price that the particular community had seen.  I was admired by buyers agents, and hated by listing agents in the community.
Fast forward six months.  To my surprise, this family, who wrote me a rave review for my "Brag Book"" and kept in touch with me a couple times a month, called me to see what the market value of their home would be.  The market had declined steadily since and was on the brink of a bigger drop. 
I went in, chatted with them about neighborhood comps, and was confronted with an ugly situation.  If their home wasn't worth what they paid, WHY DID I SELL IT TO THEM.  It was a rather uncomfortable situation as the wife yelled at me and the husband questioned my expertise.  Unfortunately, there ... more

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