can realtors manipulate the comp reports?

[Anonymous]

I did meet with 2 different realtors who presented me with comps and suggested $200k difference in listing price. ($1.6M v $1.8M). The first one who offered a lower comp said, "hey, if you want to list it at $1.8, I'll list it at $1.8" but the second realtor really did her research and could articulate why she felt confident she could sell it at $1.8 based on other house sales. She also knew the specific neighborhood better - had more sales in the neighborhood, so I listed with her for $1.8, and it sold for $1.875.

[Anonymous]

? Just run your own search on redfin by sq footage, number of bedrooms, and bathrooms, and click through the listings to what you think is similar.

I don't understand why realtors would lie when comps are easily searchable by anyone with half a brain and a minute to spare. If you find different comps, have a conversation about it.

[Anonymous]

all the time!

[Anonymous]

Anonymous wrote:I did meet with 2 different realtors who presented me with comps and suggested $200k difference in listing price. ($1.6M v $1.8M). The first one who offered a lower comp said, "hey, if you want to list it at $1.8, I'll list it at $1.8" but the second realtor really did her research and could articulate why she felt confident she could sell it at $1.8 based on other house sales. She also knew the specific neighborhood better - had more sales in the neighborhood, so I listed with her for $1.8, and it sold for $1.875.

Wow, this is eerily similar to our situation. One realtor pulled the right comps and justified $1.8. Another pulled bs comps - location and other factors for comps were clearly inferior - and suggested $1.6 but said they could do whatever we wanted. I think the second realtor was hoping for a quick, easy sale.

[Anonymous]

Anonymous wrote:? Just run your own search on redfin by sq footage, number of bedrooms, and bathrooms, and click through the listings to what you think is similar.

I don't understand why realtors would lie when comps are easily searchable by anyone with half a brain and a minute to spare. If you find different comps, have a conversation about it.

Because most people won't do their own research. It's mind boggling to me, but even smart, educated people frequently don't do this.

[Anonymous]

Was getting ready to make offer current realtor sent total bs comps called them out and got a second set of bs comps. They think we are all stupid I guess!

[Anonymous]

Sorry not sorry I don't trust any of them anymore and yes they can very easily manipulate the comps in trying to sway sales and offer price points.