Reply to Agent urged us to underprice our house now we regret it

Forum Index » Real Estate

Reply to "Agent urged us to underprice our house now we regret it"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][b]I think your RE screwed you.[/b] And you have no way of knowing whether it was in fact a pocket listing. One offer in August doesn’t speak to the market. Except the low August market. [/quote]

I think so too. The days of rabid bidding wars are over. And even in the hottest markets, bidding wars are much more restrained than in the past. OP's realtor knows this and screwed OP into getting an easy sale (commission) for the RE.

OP, our realtor did the same thing to us last September. Convinced us to price it lower than the other two agents we interviewed told us to price it, and lower than she told us it was worth. Assured us this would attract multiple buyers and they would bid up higher than if we priced it higher to start with. We ended up with two competing full-priced offers a few weeks after listing and neither would budge in this market. If we had priced it $35-50K higher, then I - like OP - think they would have just offered that. We accepted one of the offers and moved forward, but that experience left a bad taste in my mouth.

It's more of a buyer's market than a couple years ago and buyers just aren't willing to go over list price except for the hottest properties in the hottest markets. It matters more that they won't go over list than the actual list price, within a reasonable margin. It's also more common for properties to sit for a while. The previous period of homes flying off the market to go under contract within a couple days of listing was unusual. That couldn't last forever.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics