One of your best friends calls you to list their house. You go to meet with them and bring the comps and information to market theri home and get them top dollar. The highest comp is $500,000. They tell you their neighbor who is also a real estate agent told them he could sell their house for at least $650,000 and will only charge them 1% commission.
What do you do?
1. Tell them that ll of you will meet witht he agent. If he does have a buyer, he can sell it on a one time showing agreement or they can list his buyer in the exclusion list on the listing agreement.
2. You agree to list the house for $600,000 for 2 weeks and then lower it from there.
3. You tell them you will be their friend, but you do not babysit houses, you sell houses. You will not list their home so far over market value as if it does sell, it will not appraise.
4. You are patient and kind. You spend alot of time explaining the comps and process to them. you show them other homes in the area that are their competition and have not sold. You then let them set the price with your guidance.
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