Quote:
Originally Posted by npwalters
Don't take this the wrong way because every sale is unique. I would be concerned if my house sold on day one or if there was a bidding war for it. That would cause me to question if the asking price was too low.
When looking to buy our pre-owned home our (very nice) VLS agent was unwilling to take an offer to a seller that was about 12% less than asking. Her rationale was that the VLS homes are always priced accurately and sell within 5% or so of asking. She went on to say my bid should be in that range. I politely declined to follow her advice and stated my offer would always be based on my perception of the value of the house in the current market. I found a better deal with the MLS agent I was working with a few days later.
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It is ILLEGAL for an agent NOT to take an offer on a property unless the seller has put something in writing regarding a low-ball offer.
That agent should have been reported to the Florida Real Estate Commission.
Overall I have found that Villages' agents list a property for a higher price so that if the house does not sell within a reasonable amount of time, they can make a price change and reduce it.
From what I understand, you have no leeway in the amount of time for the term of the listing if you list with the Villages.
I believe the minimum is six months and if you re unhappy with the service you are getting (or rather, the lack of service), it's too bad.
MLS Realtors have the luxury of making changes in the listing contract, but not so with Villages' contracts.