Reply to Biggest RE lessons learned/mistakes made

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[quote=Anonymous][quote=Anonymous]Do not trust realtors. Even if you've done extreme due diligence, interviewed a few, and picked one that comes with great referrals from people you know. Just don't trust them. They are playing with your money, and their incentive is much more to push you fast and to either bid high (if you're a buyer) or accept a low offer (if you're a seller). Get their input, but verify it is what is actually best for you.

Read the chapter in Freakonomics about realtors if you want proof. [/quote]

Way to generalize. And you're a broken record about the Freakonomics book. See Norm Scheiber's evisceration of it. The chapter you refer to concerns Chicago real estate market -- all real estate markets are local. In relation to this particular Chicago analysis, Leavitt doesn't consider the mentality of the two groups of sellers. Simply put, most clients of agents are motivated to sell quickly themselves due to a change in life circumstances  while agents can afford to sit and wait because they simply want to upgrade. So please try to think a little more critically, stop being so gullible and parroting this book like it's anything more than the junk science it is.[/quote]

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