Quote:
Originally Posted by rp001
Today I took a visiting friend to see a couple of open houses by the villages realty. In discussion with the realtor I was informed that I live in a "Tier 3" neighborhood (Glenbrook). I asked what that meant and was told we were classified that way based on home values. The same home we looked at in Hemmingway was 20 percent more than it would be in my "tier 3" area. So in questioning the rep, I figured this was entirely subjective and was based on the client's "need" as interpreted by the agent. In other words the reps are classifying, and valuing your property. To me this is "profiling" and should cease, let the market set the value, not some realtor employed by the builder.
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Actually I think this has been going on with Real Estate everywhere for the past 50 plus years. Good neighborhood vs bad vs high end vs low rent etc