(Closed) Conflict of interest? does this sound right?

posted 7 years ago in Home
Post # 3
Member
4137 posts
Honey bee
  • Wedding: May 2011

very sketchy! in this economy, the vast majority of houses sit on the market more than 30 days (i think the average is 2-3 months?) i would find a new realtor asap.

 

Post # 4
Member
10851 posts
Sugar Beekeeper
  • Wedding: September 2010

Use your friend as your realtor!!! That other lady is off her rocker!!!

Post # 5
Member
6661 posts
Bee Keeper
  • Wedding: May 2010

We intentionally went out and got our own realtor before making an offer on our apartment because even though we liked and trusted the listing agent, we thought there would be a conflict of interest if we only went through him.

It does sound kind of fishy that she didn’t seem to think it would make a difference that your house is in the good part of town. I mean isn’t that the first thing you learn in real estate school: location, location, location? If I were you, I would get a second opinion from a broker that doesn’t work for her company. Ask your friend for a referral. The worst that could happen is you find out this original agent was right, but at least then you can make peace with it.

Post # 6
Member
7587 posts
Bumble Beekeeper
  • Wedding: December 2010

@ams12: My DH also sells real estate and anytime a friend asks him about their home it’s so tough. His biggest complaint is that they always think their house is special and therefore worth more. It’s hard to keep your emotions out of selling your home, even if you think you aren’t using your emotions, you probably are. Your realtor friend, may also have a hard time telling you this. I would have another realtor come in and look and give you their estimate on how much they would sell it for. You need another un-biased opinion.

Post # 8
Member
4547 posts
Honey bee
  • Wedding: September 2010

I’m not a realtor, but I’ve talked a LOT with our agent as we go through the process. And as a buyer, I can tell you, neighborhood is HUGE! It’s one of those things that you just can’t change. DH and I have seen gorgeous houses in our price range and walked away due to the neighborhood. And I suspect that’s why those houses are still on the market and at a lower price, because people want to live in good neighborhoods. And people with children want good school districts also. Also, most houses are on the market for anywhere from 2-6 months as an average (at least in our area). The market isn’t what it used to be and houses are not flying off the market like they used to.

I’d say it’s time to find a new realtor because I’m not convinced this one has your best intrests in mind.

Post # 10
Member
3943 posts
Honey bee

You should ask friends or neighbors for realtor recomendations. We broke up with our first realtor because she was also really sketchy. We found one that wass 100x better.

Post # 11
Member
7175 posts
Busy Beekeeper

It sounds like she’s pricing it low to get a quick sale.  But, that’s what she told you, too.  In her opinion, a well-priced home is a home that sells quickly.  Which, if you think about it – it’s true!

She’s pricing it so it will be snapped up.

Did you tell her you were hoping for a higher amount?  I’m curious what she said.

If you keep your realtor, I’d ask her for some comps in YOUR neighborhood and/or street.  Not the bad part of town….the other thing you could do is get it appraised.  That will cost you some money, but at least you know what the appraised value is (they’ll use comps too – so that should give her an idea).

I’d also seek out another realtor and have them tell you their opinion (with a different realty company).

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