Renee Nation Mitchell

I try to do my best to educate sellers. If they still insist on drastically overpricing their home I make the business decision to not take the listing. If they desire to moderately overprice the listing I will accept the listing only if they sign agreeing to a price reduction within 2-4 weeks (depends on how overprice the home is) at the time we complete the listing contract. I've never had a seller refuse to sign the price reduction. They all just know that their home is going to sell in 5 minutes. Once it's time to reduce the price they're somewhat disappointed that the home didn't sell at the inflated price and are eager to adjust the price and get some traffic through the home. If I absolutely can't convince them to price correctly I remind myself that I'd rather be remembered as the agent that didn't accept the listing rather than the agent that took the listing only to reduce the price several times. - Thu May 8 2008, 20:51