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Kims2429
Home Buyer
23192

This question was removed by its author.

Answers (1)
Matt Whitman
Agent
Stafford, VA
FIRST ANSWER

Hi Kims2429,

I believe it would help if you included the average price of these comps. It's hard to say their asking price is too high or that your offer is too low without that information. Also, if the agent is telling her client that it is a for sure $650-675k home, then in this market, it would be wise to lower the asking price to be more competitive with that belief. A new trend that is notable in this market (usually with short sales and foreclosure listings) is to put a home on the market priced at about 85% of what you think it will actually sale for. This usually results in lots of showings and offers within the first week. It also usually create a bidding war among the interested buyers. Many times the final closing price is even more than the expected 15% increase from list price, since buyers have become emotional attached to the home and have invested time and energy into trying to purchase it.

To answer your question about calling to complain: In my opinion, I believe a professional letter to the agent from your agent with suggestions on how to better serve their clients in the future would be a better choice. Calling the brokerage to complain will only put them on the defensive and may even hurt your chances of them negotiating with you. No one enjoys dealing with complaints over the phone, especially when they are about your alleged incompetency.

Also, I'm sure she wants to get the deal done. So far she has worked for free for 6 months. Good luck with your offer, I hope you get a great deal!

Sun Jul 5 2009, 14:58

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