The alternative is for agents to say "well, then I am not listing your property because it won't sell" and then the agent will sell nothing. What would you do?
Sadly, many owners are in denial about pricing. Sometimes it's easier to wait until you have an offer to try to get the owners to come down on their price.
So, find a buyers agent you like, go see the properties you'd buy if you could get them for a reasonable price, and present offers. Once enough properties start to sell.
The "Professional Real Estae Agents" are taking instructions from the sellers- in order to get the listing. Many sellers refuse to face reality, in hopes of finding the perfect buyer that is willing to pay the sellers price. Some properties will eventually atract that ideal "seller's-buyer".
Not all buyers break down $/SF..., comps, market value, etc.
i had wrote a blog about taking listings that were overpriced a couple of months ago which i constantly update if you want to check it out
As you may know, Mike, real estate professional are egaged in a service business. We neither buy nor sell homes. Only the home owner can sell a house. We, offer data, statistics and best business practices and allow the home owner to make informed decisions.
What do you think the D.O.J. would do if all the Professional Real Estate Agents collectively decided they would only submit listings that conform to well defined value calculations or market analysis (you know, like the fiat appraisals imposed by the 'too big to fails). Those folks, like yourself, who want to beleive the Professional Real Estate Agent is influencing the market will be up in arms, shouting at the top of your voices..."Price fixing, Price fixing.'
The process, as it exists today,works very well. Home owners establish the price they want to list at, and those who are in this service business, do our best to acheive their goals. Very often, adjustments are made along the way. Professinal Real Estate Agents work at the will of those we represent, those who have hired us. Sometimes this involves a seller with exceptional expections...or a buyer with exceptional expectations. Both, as the outcome of THEIR decisions become obvious, always look to blame the agent for the results.
That Mike, is the world in which we live. The screening mechanism in place appears to be working, but you do have a choice.
If you are a serious buyer, contact a Lancaster County real estate professional.......
AND PREPARE AN OFFER.
As others have clearly explained, the list price is about 'something to talk about.' Without a list price, what would you do? The seller has said, "Hello," now the rest is up to you.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
I do not ever intend on "buying" my listings. Meaning I give a fair market analysis on what your current home would sell for. I give a range. But sometimes at the end of the day, your properly is worth what someone else is willing to spend. If I can't sell your home, then it is no good for me or the seller.
There are still great deals at this time in our area. And compared to other parts of the Chesapeake Bay, I feel we have great prices in our areas!
Hope this helps and good luck on your searches!
There are many reasons why homes are priced over the current market value:
1) The market has fallen faster than prices have had time to adjust.
2) Buyer are upside down in their homes. (They owe more than home is worth).
3) They buyer are still living in the past housing market.
You just need to wait for the right house at the right price. It always a case of Time verse Money. You don't want to over spend the money. So you have to spend the time and wait for your right priced home.