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.
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