Is it the lending/mortgage options which are changing constantly?
Is it being afraid that your house will not sell or stay on the market for more than 120 days?
Not understanding the foreclosure process?
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- RealtorAlba
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4 comments:
I am a Realtor in Philadelphia. Our Market is quite different than California. We haven't had the same rate of loan failure. However, what is most frustrating is that a lot of sellers are unrealistic as to what their property should sell for. Therefore, we have a lot of overpriced properties that just sit on the market.
Lauren H. Herlich, Licensed Realtor
http://laurenherlich.blogspot.com/
Hello Lauren,
Yes, I would agree with you 100% in that, while our markets are different, the similarities in frustrations are the same: there are unrealistic prices set for some homes and they sit on the market. Would you agree that it is not only the sellers "fault", but the listing agent who is not being upfront of the price in which to sell the home? There are some agents that will take the listing - no matter what- instead of honestly talking to the sellers about the price of the house...have you seen that as well?
I keep trying and trying to write an answer to your question. Of course, you are right.
But over and over again, other agents in my office and I face people who just will not budge on price. It doesn't matter what you tell them and it doesn't matter what offers you bring them. I had a seller recently refuse to let me present an offer that was AS IS and $3000 below asking price. And I thought the asking price was high. Sometimes you do take the listing to generate phone calls. I sold two other houses based on that listing as a buyer's agent.
I had one possible listing, where I really offended a woman by telling her she over improved her house and I did not think she could get her price. Of course, I added an analogy that wasn't too clever and maybe unfortunate and angered her. Lesson learned for me!
She went back to the agent who angered her in the first place, listed her property for $15,000 less than she wanted to and $10,000 more than I wanted to list it for. Needless to say.... it never sold.... and went off the market. Not sure what the lesson is in this! But, what I will tell you is that the sign generated leads for the agent that did get the listing.
I think it is a fine line for the Realtors. I think the majority try to get it right, and the Realtors need the listings to build their business and generate phone calls. They also want to sell the listed property.
Hi Lauren, thank you for sharing your experiences...yes, I would agree with you 100% in that "I think it is a fine line for the Realtors. I think the majority try to get it right, and the Realtors need the listings to build their business and generate phone calls. They also want to sell the listed property."
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