Home Selling in Buffalo>Question Details

N, Home Seller in 10306

my realtor did not price my home correctly. should ask him to reduce commission?

Asked by N, 10306 Fri Sep 25, 2009

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5
Bill Eckler-Florida,’s answer
N,

Why do you feel the agent did not price you home correctly? And why would this justify a decrease in their professional fees? Was the home priced too high? This can be easily remedied by a price reduction.

When you signed the listing agreement you agreed to specific terms in that agreement, that probably included the price......since you agree then, what happened to change your mind?
1 vote Thank Flag Link Sat Sep 26, 2009
With due respect,

Your Real Estate Agent did not price your house... YOU priced your house.

Granted, you may have priced it upon information that your Agent provided, and you felt that the information was reliable.

Hopefully you did not sign a Long-Term Unbreakable Listing Contract with your Agent... perhaps you can terminate your agreement, and move on to someone else.

However, please realize that with a few excepted areas, Real Estate Prices are in Decline. The price of Real Estate in most parts of America will continue to decline, despite the positive "spin" from Real Estate Companies, the NAR, the Obama Administration, or anybody else.

If your house is not Selling, consider reducing the price.

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Best wishes,
Fred Griffin
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1 vote Thank Flag Link Fri Sep 25, 2009
If you signed an exclusive right to sell agreement then you can ask but he can say no. If you need/want your home sold, reducing an agent's commission would be counterproductive to you. Agents work on commission and if he reduces his commission, he may - either consciously or subconsciously - not work as hard to sell your place. If the house is overpriced, reduce it. If it is underpriced, you probably have a good problem of too many offers and you should merely negotiate the best price. Good luck.
0 votes Thank Flag Link Sat Sep 26, 2009
How did you get your Realtor? Through your friend or somebody else.Did you interview an agent ? Your property is very important in your life it is investment second to your wife.....we are talking here is business
not to reduce our commission..First is to review the CMA Comparable Market Analysis which closed within
6 months. Second is he or she specialize in the area, and Good reputation in the neighborhood,,,,,, these are important matters. So commission here is not involved.. Good luck..
0 votes Thank Flag Link Fri Sep 25, 2009
How did you get your Realtor? Through your friend or somebody else.Did you interview an agent ? Your property is very important in your life it is investment second to your wife.....we are talking here is business
not to reduce our commission..First is to review the CMA Comparable Market Analysis which closed within
6 months. Second is he or she specialize in the area, and Good reputation in the neighborhood,,,,,, these are important matters. So commission here is not involved.. Good luck..
0 votes Thank Flag Link Fri Sep 25, 2009
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