Watch out for Realtors when your Price is High
You’ve decided to sell your property and have come up with a decent idea of what your house should be worth. And being a proficient home seller you go on and call up three different local Realtors. The first two come with an analysis on the price of your home and both pricing are lower than what you expected. They back up their claim with similar data that you have also viewed, but because the house is yours, you feel determine that it is worth more, so you pass them off and call upon the third Realtor.
The third and last Realtor provides a figure that is above or very similar to yours. You immediately agree with this Realtor and start making plans on the next steps.
In most cases you would pick Realtor Three. This agent most likely seems compatible with your plans and is willing to work with you. This agent seems determined to meet the same goals that you have set, which is making the most money possible off your house. And should the house not sell, you can just easily drop the price a bit later. Is it too good to be true?
The reality is that this Realtor might be doing a sales practice called buying a listing. He or she bought you by suggesting a high price that is higher that the other agents and is one that you would immediately agree with. It is highly probable that he has no faith that your house will sell at its current price and his or her goal in the beginning was to convince you into lowering the price.
For many Realtors this is a often practiced strategy to get clients, though for others it might just be that they feel for the home sellers and are only trying to help. In either case, it is not necessarily bad because it will get you to sell your house!
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