I recently posted to a Facebook real estate page asking for help on a very unique listing I have.
While the comps were all over the market, I had done a lot of research on the property and while I felt the price was a bit high, I also felt it was reasonable.
The first advice (and I received it multiple times) was lower the price.
I had one agent claim to be an "expert" in the area and said it was $125K too high. He claimed that he and his wife were "the bomb" (his words) for this type of property and went on to say I was crazy with my list price.
I believe in my fiduciary duty to my clients. I believe that is one of the only reasons they need a Realtor in today's market.
The are paying me for my expertise, my experience and knowledge in not only market conditions and pricing but also in marketing and trust I will invest in their homes.
Nervous that I may have overlooked something that others were seeing, I hired an appraiser and had a full appraisal done to the property. The appraisal came in $10,000 less than list price (well within the range I told the client it would sell for).
Perhaps it is time to change the rules of who can be an agent.
It sickens me that so much of the advice was just lower the price to sell the home, I felt then and maintain that is the easy way out. It is my job to get my client the most I can for his property as when I represent a buyer it is my job to get the property for the least. I really upsets me that so many in my field actually believe the best way to a commission check is through selling out the interests of their clients. I feel sorry for their clients and ashamed they are allowed to be members of the industry I really enjoy working in. Perhaps if nothing else these people should take a marketing class, client relationship class and above all a class on CMAs.