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09-25-2016, 10:43 AM
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Sage
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Join Date: Jul 2007
Location: Winters in TV, Summers in Canada.
Posts: 17,657
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Quote:
Originally Posted by kstew43
There are two schools of thought on this issue....
1....a Realtor has the knowledge of where to price a property. Hence, the Realtor should of explained to the sellers that correct market value.
2.....A seller realized the properties value, but wanted a fast easy sale and didn't mind loosing a little profit to remove the hassle of showings, keeping it clean or making necessary repairs, ect.....the Realtor didn't mind taking the time and bought the property as is...I would do the same thing
So unless you explain the whole story....either one of these scenerios can apply.
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I agree we need to know the whole story.
If the property was listed with a real estate company, wouldn't it be the Listing Agent that is responsible for ascertaining correct market value, not the buyer?
And if the property was a FSBO, the seller may have priced it low for a quick sale and to avoid paying real estate commission.
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