Quote:
Originally Posted by Babubhat
Realtors overprice it to get the listing. Then you are stuck for 3 months.You need at least three opinions with recent comps. I had one joker says my house worth 100k more. Rarely works in your favor,
The only reality in selling is price solves the problem. Better taking 5 percent off now than paying a commission. Buyer is going to expect it anyway.
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If the agent overprices the house, and they bring you a lower offer, you can renegotiate the commission. I did that on the last house I sold. Also, I always insist on a clause in the listing agreement that, if I lose confidence in the agent or the broker, I can fire them. No three month or six month lock in.