The Agent with the Highest Listing Price Wins!

By
Real Estate Agent with Douglas Elliman Real Estate in Babylon NY
https://activerain.com/droplet/4nCS

the agent with the highest listing price wins!The Agent with the Highest Listing Price Wins!

Picture it, you sit down with a real estate agent because you want to know what your 3 bedroom, 1 bath with tiny property, home is worth. Agent #1 says your home will sell at $350,000. That reality doesn't sit well with you so you call another agent.

Agent #2 says, "oh no, you can sell for $400,000". In your eyes, this is the best agent in the world! You call agent #1 and you ask them why did you tell me $350,000 and the other agent says $400,000? Agent #1 asks you to see the other agent's comparable homes. Agent #1 tells you the comparable homes are 4 bedrooms, 2.5 baths on 1/4 acre of property. Then you ask, "why did agent #2 show me these homes?

They want to list your house, that's why. It is called buying your listing. I haven't the foggiest clue as to why some homeowners do not notice the comparable homes are not like their home. I show and explain everything in order to educate the homeowner. If you still want to go with the agent that gives you the highest price, caveat emptor.

The NY Department of State, National Association of Realtors® (read their code of ethics here), New York State Assocation of Realtors®, and the Long Island Board of Realtors® all state to be truthful when presenting a Market Analysis as well as our dealings with the public and other Realtors®.

The next time you sit down with multiple Realtors®, pay attention to the homes in the market analysis. If your home is a Cape, Ranch, High Ranch, Colonial, etc., make sure those homes match yours including property size and condition. Your home is also your investment. Take care of it and you won't lose money.

Call Jackie today 631.703.0201 for a detailed market analysis of your Long Island NY home.

Previous Helpful Articles
Is Zillow Accurate?
The Kiss of Death for a House on The Market
Will Installing Solar Panels on My Long Island Home Increase Its Value?
Can I Have a Basement Apartment in the Town Of Babylon?
Plan Your Home Sale like You Would Your Vacation
Babylon Village Housing Values for August 2014
When was the Last Time a Babylon Village House Sold for 1 Million?

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Topic:
Home Selling
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New York Suffolk County Babylon
Tags:
national association of realtors
jackie connellyfornuff
how much is my long island ny house worth
douglas elliman in babylon ny
telling the truth in real estate

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Rainmaker
798,869
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Most often, it's too late to get the listing when another agent buys the listing. The honest agent who tells the seller what their home should really sell for does miss out.

Sep 21, 2014 04:37 PM #1
Ambassador
1,207,759
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Great advice Jackie.  Many agents will "buy" a listing by suggesting a higher list price than others.  Fast forward two months and what do you have?  An unhappy seller that is irritated with their agent.  

Sep 21, 2014 10:26 PM #2
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Jared, Unhappy, irritated and now their house is known as "the one that didn't sell" which means it is either overpriced or something is wrong with it. I wish more people would take more care in their investment (their home).

Sep 21, 2014 10:28 PM #3
Rainmaker
3,858,457
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Jackie,

It is a shame when agents try and buy a listing! Your advice is right on..your ethics mandate you analyze the data and give the consumer the best possible guidance..not pie in the ski!

Sep 22, 2014 09:36 PM #4
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Good Morning Dorie, It is a shame. And those are the agents that have a high rate of expired listings. I have 2 in 5 years. That's enough!

Sep 22, 2014 09:41 PM #5
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Jackie Connelly-Fornuff

"Moving at The Speed of YOU!"
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