Reply to can realtors manipulate the comp reports?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some people just have this visceral distrust of agents.[/quote]

It's warranted, actually. 
 
[quote=Anonymous]They probably look at their entire life through this lens, though. You know the type -- people who are usually wrong but rarely in doubt. And people who don't know what they don't know.[/quote]

Perhaps they have personal experiences and/or an awareness of all the lawsuits, numerous antitrust violations, and unethical behavior associated with the real estate industry. What you call "visceral" distrust is in fact "evidence-based" distrust.

[quote=Anonymous]They're annoying AF.[/quote]

Distrust based on evidence is only annoying if you are an untrustworthy agent.[/quote]

I've bought and sold twice. I look at the comps my agent gives me, but I'm also constantly looking at what has sold/listed in the neighborhood I'm selling in, and where I'm buying. If there are discrepancies between what I think and what my agent provides, we have a conversation. A friendly one - they explain what they think, why they chose that way, etc, and then I conclude on whether I agree/disagree based on that conversation. Sometimes they missed something and they update the comps. Sometimes they have a reason - like they personally walked through the house and I only saw pictures, and there was lots wrong with the home that wasn't in photos. Sometimes I'm looking too far away from the house in question and the street or sub-neighborhood matters alot.

Comps are also changing all the time because as houses sell, they become potential comps. And that changes the price. Comps can change too from when you make the offer and when the appraiser reviews it depending on what houses were under contract and sold just after you made your offer.

I would never assume that my agent was trying to manipulate the comps first, I would go to them and have a conversation, and then decide. [/quote]

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