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Gas prices & overpriced listings

By
Real Estate Agent with Houlihan Lawrence

Today was broker open house day in my town. One of the conversations I had with collegues was about overpriced listings. Yes, they are still out there... sellers who believe their house is the exception to the rule and therefore worth what is was in 2005. And of course we have agents who are enabling this thought by accomodating these sellers. I'd like to speak direclty to those agents now.

Currently the nature of my business is primarily buyers. I am educating my clients on purchasing their first home, transitioning from city life to life in the burbs and touring them around to visit the different neighborhoods New Rochelle has to offer. This is all part of my job and I am happy to do it. Now in case you haven't noticed, gas prices have hit $4.49 a gallon (for 87) and I am not going to waste gas schlepping buyers to your overpriced listings! Come out of the stratoshphere and I'll bring my buyers with reasonble offers. Until then, I hope you have a really good virtual tour.

 

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Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

I hear you roar Jessica! It's becoming painful in so many ways and mostly in the pocket.

Jun 19, 2008 01:18 PM
Pam Joffe
Solaris Realty - Tampa, FL

Jessica - I agree, I am trying to get my buyers to a reasonable amount of listings when we go out and overpriced listings are definately not on the route.

Jun 19, 2008 01:20 PM
Jim Burr
ListedByOwner.com - Camden, SC

A real estate agent recently told me that she tries to meet her clients at the homes, so they feel the same gas price pressure that she does. Otherwise they are perfectly alright using her gas money for a nice afternoon ride.

I thought that seemed to be a good idea.

Jim Burr

Jun 19, 2008 02:12 PM
Jessica Klein
Houlihan Lawrence - New Rochelle, NY

Thanks for all the coments! I love that other people feel the same way. Perhaps we can create some change :)

Jim, that is a good idea and I've been doing that too. I also give out the addresses and have buyers do drivebys to see the neighborhood and first impression of the house. If I know a particular home to be a gem lacking curb appeal, I let them know. Either way, there is no place in my day for overpriced listings.

Jun 19, 2008 02:42 PM