“Buying a listing” occurs when a seller adamantly believes their property to be worth more than what the market comparables will support and the interviewing agent “agrees” to the price in order not to lose the listing. Is this in the best interest of the seller; absolutely not!
What can happen with an overpriced listing?
- The seller begins chasing the market
- This positions the seller “behind the 8-ball”
- The listing becomes “stale” on the market
- Buyers won’t offer on these properties as they believe the seller is difficult, or they feel the may offend the seller.
- The agent can earn a bad reputation in the industry
- The seller usually ends up mad at the agent and after the listing period decides on a more professional approach
- Time and money are wasted
Seller beware…when interviewing agents to sell your home, be weary of agents that would rather tell you what you want to hear price-wise than trust in their own knowledge of the market. If your chosen agent can’t negotiate with you, they can’t negotiate for you. Choose a professional with market knowledge!
Pleasanton Residential Real Estate – Come Get Informed!
Residential Real Estate in Pleasanton is the topic of the upcoming Town Hall Meeting to be held Wednesday, May 27 from 7:00 – 9:00. A Panel of experts will provide insight as to the state of the market. This event will be held at the Veterans Hall in Pleasanton and is hosted by The City of Pleasanton, Pleasanton Chamber of Commerce, Pleasanton Weekly and the Bay East Association of REALTORS®. The event is open to the public at no cost to attend.
The following evening, Thursday May 28, Kurt Kessler of Pleasanton Mortgage and Rhonda Fee of Realty World Town & Country are holding a FREE Home Buyer Seminar at 6:30 PM at The Rose Hotel in Pleasanton
The seminar is designed to answer many of your questions including:
- The difference between REO, Bank Owned and Short Sale Properties.
- The new role the FHA plays in both the mortgage and real estate markets.
- Seller concessions…What are they, how can they help YOU buy a home?
- Pre-approval vs. Pre-qualified…What’s the difference?
- Credit Scores and How to Improve them!
- Understanding the Stimulus Plan’s $8,000 Tax Credit for qualifying income (ends Dec. 1, 2009)
- Why we have “artificially” low interest rates and what might be next?
- The home/loan buying process and strategies
There is NO COST to attend, but space is limited. To make your reservation, please contact Rhonda Fee at 925.200.0827 or email rhonda. mailto:rhonda@rhondafee.com.
