Contrary to other agents, I don't think that having an overpriced listing or an unreasonable seller is a big problem. Having a seller that isn't happy with you is a big problem. If they're fine with you, and you're fine with them, then - advise them, let them decide, and don't sweat it.
There's only two things that will happen, either you'll be finished and honestly will feel better for it, or you'll totally blow their minds, and they will immediately ask you not to leave and will promise to listen to you. Either way you'll win.
With over twenty years of experience as a top producing agent, I learned very early on, I know way more about real estate than my clients, I'm the expert, and either they listen to me or I simply don't take them on as clients. Too many agents waste too much time working with unrealistic people who think their the real estate experts. All we have is out time and experience. It's up to us to choose how we spend it. I can honestly say I turn down more listings than I take. Real estate isn't rocket science, it's really very simple. Every real estate question or problem has the exact same answer, "Money" then there's two follow questions, "How much?" and "Who Pays" That's all there is, and deals either get made or not. Our job as agents is to be able to analyze the data that's out there accurately and to be able to communicate it clearly and honestly to our clients, they may or may not like it but it doesn't change it's valitidy. If you have a seller who refuses to accept the facts, and you still choose to work with them then you're wsting your time and money. Move on.
Not sure if you still live in Coppell or not, but if you do, why don't you stop by and talk to Cinda our team leader. I think she could give you some nice advice on how to handle, some scripts for price reduction, etc.
Let me know if I can set up appointment for you.
This is something I've done (to million dollar properties) and something I suggest to our REALTORS, walk away and do not miss any sleep over it. As real estate professionals listings cost us (personally and our brokerage) money and sometimes stress. Don't waste your precious marketing dollar or your valuable time with an unreasonable seller. Drop them and go find you three NEW good sellers!
My best to you!
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
Make a learning lesson out of this and make sure you are educating your clients regarding market conditions and proper market positiioning. On this one, sounds like it's time to hang up the boots and walk away.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Give me a call I may be able to get this home sold if you can give me more details. I don't want to post details here but some of my associates and I work with deals like this quite often.
Chris Hutchinson Real Estate
The Michael Group