FROM DAVE: "You get these guys that talk you into a lowball price just to sell it in one day.. sometimes for "over asking." I'm not really sure they put the effort into that situation or advised their clients into the best price point. Not saying that's true in all cases because CA is freakin nuts.. but why not list it higher and see what happens?'
Conversely there is just the opposite. Example: I have seen my wife go to a listing meeting well prepared with comps, market info etc and tell that person what she, as a seasoned RE professional, thinks they can really sell their property for just to have another realtor swoop in and list it for whatever the pie in the sky number the seller has in mind. They do it just to get the listing and a sign on the property. Then the property sits for 4-6 months just to end up selling for EXACTLY what she suggested they list it for. I have seen this 3-4 times. Dave, your buddy Tim is a good example.
I also get to, more often than not, watch her do the work that the other side of the deal's realtor should be doing. She does this just to make the deal go smoothly, all of the paperwork is correct and legal and the deal closes. As discussed, most realtors make the sale and you never hear from them until they are looking for their check the day escrow closes. It is sad. She answers her phone whenever it rings NO MATTER WHAT and I give her shit when other realtors don't answer and dont return phone calls.
When I moved to LHC in 2001 and started building houses I burned through 4 realtors in 3 years because they just cant listen to their client (me), always know better and cant follow simple instructions. I told my wife to get her license and it has worked out great. She saw the issues first hand and ended up becoming the President of the Arizona Association of Realtors (2018) fighting for RE policy and property owners rights at both the State and National level.
Denver’s market is similar to SoCal. The last place I sold I intentionally listed for 10% less than market. I had over 10 offers the day it was listed and it ended up selling for well over market. We didn’t think we’d get an appraisal for what the sale price was but the buyer ended up paying cash and didn’t do an appraisal.
The Realtor I used told me I was a fool for listing so far below market and said I’d get boned in the deal. I ended up doing pretty well and won’t be using that realtor ever again.
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