The other day, I was informed by a seller that a local real estate company may be blackballing our listing!
My hubby and I just listed my brother-in-law's mother's home in an adult community. There is a real estate company that only works within that community. As a result many of the listings are represented by them.
Our seller hired a local handyman to perform some repairs on the home and he expressed his concern that she had not listed with the "other real estate company." "Oh, you shouldn't have listed with Turnbloom. The rest of the agents are going to blackball your listing and refuse to show it to their clients! You'll never get it sold!
This is not the first time I've heard vicious rumors of listings being "blackballed" for one stupid reason or another. But is there such a thing? And is it something we all should be worried about?
Here's my take on it and what we explained to our seller;
If you were a buyer's agent, and that buyer absolutely, positively wanted to see our listing (which is priced pretty damn well, I might add!), AND was ready, willing and able to write an offer, would you REFUSE to show the home?
How about this, if your client wanted to write up an offer on our listing, would you REFUSE and recommend the buyer write an offer with someone else?
I don't know too many agents representing buyers who would pass the opportunity to put bread on their table and pay bills (especially in a market like this!).
For all the "blackballing" rumors I've heard over the years, I believe properties will still sell, as long as there is a willing buyer and seller.
I find agents who "blackball" are usually the ones who need a sale in the worst way (nothing like shootin' yourself in the foot!).
Do you worry your being blackballed and not allowed into the club? Do you think there really is such a thing as blackballing? Or is just another urban myth used to keep all of us in the real estate industry "in line"?