I agree with all of these answers but I must also mention altho it is true the sellers agent is obligated to get them the most money, that agent is also obligated to give them the facts pertaining to thier property such as market value for that area for homes that compare to the sellers. A good sellers agent has done the comps and will price the house accordingly. The agent needs to know your reasons for selling also, this can make a difference in the listing price. Take a look at the expireds, solds, and actives that are comparable. How long have they been or were they on the market? Did they have offers on them? Were these homes listed with different agencys previously? How much and how often have they lowered the price? A good listing agent will take all of these things into account when helping someone set the listing price. A good buyers agent will get all of these facts and do their own comps and advise the buyer on what he or she beleives would be a good offer to purchase. It will also depend on the buyers reason for buying, this house, this area, is there an urgency? some of the same things you would need to know from a seller. What is the motivation?
The taxable value and the listing price are apples and oranges.... more