On the Fence

By
Real Estate Agent with Keller Williams Sioux Falls 13547

One of the more frustrating parts of Real estate is trying to get the client to come to the realization that their home needs to have a price reduction. Its nice to have listings to get exposure and pick up a client or two at an open house, but if they don't sell and the client doesn't want to lower the price because they know what their home is worth should you keep the listing. After showing and telling them all the reasons that the market isn't the same as it was when we listed X amount of days ago they only hear what they want to hear, and that's usually from a friend or neighbor that reaffirms them that the price is right and it should have sold by now. For me the after you've shown them all the facts and reasons why we need to lower the price and they don't listen, then the listing expires and they renew with another Realtor at the price you wanted to lower it to, then it sells in a short time, that's frustration. O well all we can do is our best to inform the public of the market when we list and try to get them to understand changes may have to be made down the road to sell the property.

Comments (2)

Jeff Craig
Hang Me Up Photos - Jamestown, NC
Greensboro Area Real Estate Photography

You're right Gary, it can be very frustrating.  At times, no matter what you show the seller, they are just stubborn about lowering the price.

Mar 16, 2010 02:58 AM
Lori Bowers
La Quinta, CA
The Lori Bowers Group

Gary, that is real estate in a nutshell....All we can do is be upfront in the begining and do our job to the best of our ability.  We can not predict the market nor the future.  So many agents overprice and then want reduction, reduction, reduction knowing when they took the listing it was not accurate.  They are the ones that hurt our reputation and integrity but they will always be there.  Keep on trucking, sounds like you are a good agent.

Mar 16, 2010 03:34 AM