"Oh my God, an honest real estate agent."

Real Estate Agent with (617) 388-3151 | Century 21 Commonwealth

Recently Melissa was working an open house, and was talking with people who stopped by. One couple was going over the listing brochure and they were asking questions about it. Melissa was explaining what the various items on it meant. She explained that there were two numbers on it that they needed to look at as they looked at homes to buy.

The first was the listing price, and the second was the assessed value. She explained that the assessed value was set by the city last December. She told them that they had to ask themselves, and the sellers, why the listing price was so much higher than the assessed value.

She explained there often are real reasons why the listing price may be much higher than the assessed value, such as increasing market prices (not really the case here), or the seller may have made improvements that were not reflected in the assessment. Their response was, "oh my God, an honest real estate agent." It is a sad commentary on our industry that their expectation was that real estate agents were going to lie to them.

Melville CappsMelville Capps

Comments (4)

Brett Reichel
Homebridge Financial Services - Rancho Cucamonga, CA
MLO 210215

Yes - the public's perception is off a bit.  It's too bad.  The Realtors I deal with are honest people.  I think often times the perception of dishonesty is really just misunderstandings and hurt feelings.

Nov 02, 2011 03:48 AM
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS

Most Realtors are honest; however, there are buyers and sellers out there who want to believe what they want to believe, which is not necessarily the information we provide them.

Nov 02, 2011 03:53 AM
Forest Tardibuono
Sun Pacific Mortgage & Real Estate - Santa Rosa, CA
The Guy in the White Hat - Your Hard Money Broker

Realtors are the ENEMY!! Right...? Wrong! What a great story to post. Thanks for the uplifting message that Realtors in general still have a heart. :)

Nov 02, 2011 08:45 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Assessed value should be totally ignored here where I am in Oklahoma....when attempting to determine market value.  When a property sells, it is re-assessed and limited by an 11% cap.  Then exemptions are applied... etc.  That value usually remains on the tax roles until the property sells again.. 

We always pull recent comps to determine market value for listing price... never using assessed value.   It must be different where you are? 

Nov 02, 2011 04:26 PM