Not always the case since every sale is unique but the person that benefits when a house sells on day one is the realtor. Think about it...if a $300,000 house sells for 5% less than it should in the first week the owner loses $15K. The realtor only spent a week of effort and lost (assuming 7% commission) about $1,000.
Not saying realtors purposely or routinely undervalue property - that would be counter productive in the long run. Just saying realtors have much less to lose when it is.
__________________
Pam&Nick
The government cannot give anything to anyone without first taking it from someone else
|