Ty,
What evidence do you have that these homes are not worth their appearance? Did you or your realtor validate comparable home features, run price per square foot comps, demarcate borders of niche neighborhoods, do any appraisals, or run a CMA? If YOU didn't, and your REALTOR didn't, then you're both setting yourself up for being misinformed. Challenge your realtor to show you the facts, and let those rule your decisions.

I don't. I am well aware of the market at this time, as I am working with buyers and investors. Many properties are overpriced but I don't see them selling. They seem to languish on the market until the owner gives up! Property that is prices correctly can and does sell!

A good Agent should provide you with Comparable Sales documentation including Active Listings. If they are a Buyer's Agent they SHOULD be trying to get you the best deal. Many buyers think every home that is listed is a distressed sale and must be sold, which is not always the case. The proof is in the documentation.

They just want you to buy. You decide the price you are willing to pay. I wouldn't buy for a few more years. The market is still tanking.

Hi, Ty:

A good agent is going to run the comps in the area before making an offer. You need to have these numbers to make a realistic offer. Perhaps these agents you are referring to still think we are in the days of offering whatever you can to make sure you get the property!

Please let me know if I can be of help to you any further.

All my best,
Dot Chance
The Chance Team
Keller Williams Realty http://www.DotChance.com

Ty - If you have a good Realtor that won't happen. Make sure you are working with an experienced Full Time Realtor who knows the current market. It is changing week to week! If you are planning on selling your home and don't trust the price - get an appraisal (make sure the appraisor knows that it is for market evaluation and not to refinance the home), if you are a Buyer wanting to know the value of the home have your Agent show you recent sales in the subdivsion and surrounding area. Hope this helps!

Ask 10 different agents what the value of a certain home is ... and you'll get 10 different answers.
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True enough... in fact you might get 11 different answers. Pricing a home is not an exact science. It involves a lot of market knowledge, a good sense of what buyers are looking for, an intimate knowledge of local comparables, and a good "gut instinct".

Unfortunately, nobody has come up with a "Kelly's Blue Book" for used homes, yet.

Ty,

Ask 10 different agents what the value of a certain home is ... and you'll get 10 different answers.



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I had my agent do the same. I went to see a house without my agent and the agent there was so much more realistic then mine. Do your homework. Your homework is not just what the houses are going for around in your area but what is going on in the economy today. I've been lookinf for a year and I have seen drastic changes. I am glad that I have not yet made anoffer on a house based on impulse.

Ty, good morning...


->>>I spoke with an agent recently who told me they were taking a listing for 100s of thousands more than they thought it was worth to get buyers. WRONG. Not a good idea. But some agents will do this to get buyers->>>


--- BINGO.!


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Hello Ty,

Some timesthey call it buying a listing. I spoke with an agent recently who told me they were taking a listing for 100s of thousands more than they thought it was worth to get buyers. WRONG. Not a good idea. But some agents will do this to get buyers. My advice is to work with a buyer's agent that can determine the price of property from knowledge and experience and can sway you away from properties that are overpriced buy providing you their incite. If you need an agent in your area let me know.

At the end of the day the buyers/market determines what a home is worth and not the seller or the agent.

Best,
Monique Carrabba
Keller Williams Wilshire
mcarrabba@kw.com

A few minutes ago - Delete this answer