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To: Vision

"Because it takes years of skill, resources, insurance, and out of pocket money to get get a contract at the limit of market value for a home"

I've been in and out of the development, selling and finance end of business for over 20 years and will say, in my experience maybe 4 in 10 Realtors have that skill. The other 6 simply take the figure the seller want's for his property and tack their commission onto that. Then it's put into MLS and the first of next week the listing agent's office caravan stops by the property while on their weekly "tour". After that it sits in MLS and is shown by other companies who have access to the MLS data.

If the agent is in the 40% that know what they are doing they'll be proactive in getting the seller to lower the price if there's no activity after a short while. The other 60% will call the seller at the end of the listing to get them to relist, hopefully at a lower price, but if the seller is adament about his price, the 60% will let it sit on the market in MLS for another several months.

Any Realtor that wastes their own money advertising an overpriced property is a fool, IMO.




36 posted on 07/27/2006 7:34:49 AM PDT by Rb ver. 2.0
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To: Rb ver. 2.0
Any Realtor that wastes their own money advertising an overpriced property is a fool, IMO.

It's one thing to have an opinion on a business you're not in, it's another to insult a high end agent who knows her stuff.

It's really amazing to me. Half of the people hate agents for not doing enough, half hate them for doing stuff.

In that case, that agent had to find the market as it did not exist at the time, and during the initial stages of a slowdown. She did the right thing and the seller screwed her. Must have had an attitude like yours.
42 posted on 07/27/2006 7:41:18 AM PDT by Vision ("...cause those liberal freaks go too farrrrrr")
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