Should I list my Uncle`s Home?

By
Real Estate Agent with Optimar International Realty

I just left a family BBQ. We had a great time, kids playing, dog barking and my Uncle asking me to list his home!

For the record my Uncle is old fashioned, he`s tough as nails and is from the Old Country! He`s looking for a Realtor to be at every showing, make sure that his house is cleaned before and after each showing and he wants a Virtual Tour. I can handle it I explained to him, but I once told him his beautiful home is worth closer to $700K rather than the sale price of $1,179,000  he believes it`worth!

It`s located in a great area, beautiful 18x30 pool with spa, overlooking the wide section of the lake. It`s close to everything!

My problem is I`m very close to this person, he`s like my second father, and to be honest, I don`t have the heart to tell him that his home won`t sell for the price he believes... My husband told me it would be much better to tell him the truth! I should remove myself from this listing and have help him interview a few Realtors in the area. This is extremely hard for me. I could use everyone`s help on this one!  

Comments (12)

Mrs. Sheri Ann Johnson, GRI
Tropic Shores Realty - Spring Hill, FL

Yes you should help him interview realtors and get a referral for doing so. I have a friend's home listed right now. After 2 months on the market it should probably come down in price, but she refuses to lower it & it's causing a rift. I'm at the point where I think she might be better served with a stranger.

Aug 27, 2006 12:37 PM
Gary De Pury, ESQ.
Bay Vista Realty - Land O Lakes, FL
What would be the harm in having him speak to several Realtors. If you were to send him a few names of reputable Realtors in the area and let them know that he is your uncle and you will most likely get the listing anyway, but you want him to hear from the best, then of course I would be glad to go.  Ha ha...really, send in a few friends for an open and honest evaluation. 
Aug 27, 2006 12:38 PM
William Seufert
Florida List For Less Realty, Inc. - Pembroke Pines, FL

Erika,

I too agree with Sheri. Help your Uncle by sitting in and interview a few Realtors, but let him handle pricing with that Agent.

Aug 27, 2006 12:39 PM
Omar Camejo
Florida List For Less Realty,Inc. - Ocala, FL
I`d try to sell the listing. After all your Uncle wants you and trusts you...
Aug 27, 2006 01:17 PM
Pam Hofmann
Third Tennessee Realty & Associates, LLC - Crossville, TN
Your Crossville, Lake Tansi & Fairfield Glade Specialist
I agree, I would try to sell my Uncle's home if I felt that I could do the best job for him, absolutely.
Aug 27, 2006 01:30 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time
Erika, this is a case where you must go with your gut feeling. First you need to be completely honest with your Uncle about pricing. If he won't listen and you feel it is going to cause problems down the road between the two of you. Then you need to pass and tell him why. I have known people who didn't talk to each other for years over something like this. Bug out. Place the blame on yourself. Too busy, not comfortable, not my area whatever you need to come up with to get off the hook and let him off the hook.
Aug 27, 2006 01:43 PM
Gary De Pury, ESQ.
Bay Vista Realty - Land O Lakes, FL

I looked at my comment and the Haha is for the comment about ME showing up. 

I am serious about having people youknow go over for an Honest and open evaluation. 

Aug 27, 2006 02:12 PM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
Just tell him what you think with the numbers and offer to get an appraiser to come over and do an analysis. They will do an unoffical one here for $200. Just get one that can explain the numbers. eric
Aug 27, 2006 03:09 PM
Karen Villa Schweinfurth
RE/MAX Northwest Realtors, Inc. 425-308-3669 - Everett, WA
ABR, CRS, SRES, CyberStar
I would help him myself. Do a market analysis and tell him economic conditions set price --- not you, not him.
Aug 27, 2006 03:56 PM
Scott Gormley
Oak Valley Mortgage-California Home Loans and Refinancing - Chico, CA

I wouldn't pass up on the listing. However, family can be hard to work with. Be prepared to have requests that you would feel compelled to do, when you would otherwise say "no" to another client. Why don't you have an appraisal done on the property to put it to rest. In a worse case scenario, you have an appraisal completed and ready to be reassigned and you don't have to argue with your family member over the home's value?

Aug 27, 2006 06:21 PM
Jenny Lozano
Florida List for Less Realty,Inc. - Boca Raton, FL
You should always do the best job you can whether it`s friends or family..
Aug 28, 2006 12:55 AM
Michele Van Detti
CJR - Gilbert, AZ
I think that you should have him interview other agents, and if he decides to go with one of them give you a referral fee.  No amount of money is worth damaging the relationship you have with your uncle.  He might interview the other agents and find out you were right and keep you.  He might decide that he's more comfortable with another agent, and you can walk away from it and get a referral.  You need to find a win/win situation right now, and clearly your uncle being unhappy with your service and you being unhappy with your uncle is not a win/win situation.  Best of luck!
Aug 28, 2006 01:49 PM