My “opinion “ is that most list a higher asking price than warranted with the perception that they will have to negotiate when a lower “offer” comes in .

That said , your daughter got exactly what she asked for and the home was promptly sold ……

To me , end of story !

Florida licensed real estate agents must comply with the state laws, which requires them to have a fiduciary relationship with buyers and sellers. The state board can discipline them or remove their license if they don't.

Offered to the Public, She Could have received above asking Price offer
 

Go with a legitimate agent. She could have received above asking price offer. Doesn't surprise me what The Villages agents try.

Because they don't have to use MLS agents and share the profit of new homes. Many builders do the same. . People are flocking to buy here because this is a wonderful place.

I am so tired of people saying things against Villages agents because I believe many have their own agenda.

I am not, nor have I ever sold real estate. I just like the way The Villages does things. No one is calling and harassing you to buy their homes. There are ten lined up behind you.

I don't know any of the Morses. The step brother lives in our Village and I have met him briefly at gatherings twice and never had a conversation with him.

The statement is accurate. See Post No. 19.

Real Estate | The Villages Florida

Things changed in 2004.

:024:

I understand what you are saying. But the market is so hot everywhere that this is the way it seems to be going now for especially desirable properties. Houses are sold before they hit the MLS.

Nucky, in Post #9, used the term "pocket listing" and said it was "more or less" handled in that way. That is a good way to look at it, with "more or less" being the operative words because in the current market, there are "pocket listings" on steroids.

I think the really old term for "pocket listing" was "vest pocket listing" -- as in "playing it close to the vest." But those were usually from a seller who told an agent, "If you run across someone who could be interested in buying my house, call me and we'll talk."

In our Ohio hometown, listings are hitting the MLS as pending from Day 1.

I know someone back home who wants to downsize. That throws them into often competing with first-home buyers. Smaller homes are horrendously high right now and often result in bidding wars.

I was talking with an agent in my hometown recently and said, "You must be loving this market." That was when she told me she hated it. She had 35 bids on a small, regular, basic house. She said it is highly stressful to juggle so many multiples. 34 of those 35 bidders had to be disappointed or really upset.

It sounds like TV agents are doing exactly the same thing that agents in other places are doing -- a whole lot of those quasi-pocket listings.

retiredguy123 makes the point in Post #3 that a seller could stipulate the listing be advertised immediately. The same northern agent who told me how she feels about the intensity of this market, also told me that she has sellers who say, "Bring me a bidding war."

This market is the most intense I have ever seen. . .

For some sellers, it is an advantage to not have to hassle with a lot of showings -- but just want to price it and pop it and get it over with. But that does not mean give it away.

From a sellers standpoint -- know the worth of property. I think TV right now is probably a really easy place to FSBO. But even if listing, I would, at least, put the word out to neighbors first to see if a buyer is out there close. I think the market now does not mean that a FSBO buyer can expect to save the commission. Sometimes they have been known to think that -- or to at least expect to save half. FSBOs are a lot of work for the owner and in a hot market, they should expect the "commission." In a slow market, they might be able to sell fast by cutting out the commission.

Agent loyalty to their listed sellers is not always what it used to be. Fewer listings are making it to wide advertising that could result in a bidding war. That might be just fine with sellers who are happy with the list price and do not want the hassle of hitting the wide market if they do not have to.

Buyers' loyalty to agents is not what it once was either. In a market like this one, if dealing with the MLS, a buyer could be better off to contact the listing agent directly or, at least, the listing office -- because when looking at getting ALL the commission, that's who's going to have the inside track and will use it. Expecting your own agent to have much of a chance at getting past the "inside trading" if they are from a different office might not be a realistic expectation, especially in the case of a hot property. (With TV listings it is not possible to do this because you don't see who the listing agent is.)

I am not buying or selling anything right now, but I have wondered if listing agents are still trying to get 6 month listings. I never liked those. I always thought a well-priced house should list for 90 days and then possibly be renewed. I always thought 6 month listings were for lazy agents and/or unrealistic sellers.

Well, I was not going to look in at TOTV today, but I did. And now, here I am, blathering on about one of my favorite topics. Real estate. I better get back to my real life now. :)

Boomer

I just copied this below from Redfin;

The Villages Housing Market
See Homes for Sale
In August 2021, The Villages home prices were up 21.9% compared to last year, selling for a median price of $347K. On average, homes in The Villages sell after 5 days on the market compared to 24 days last year. There were 144 homes sold in August this year, up from 132 last year.

The Villages Housing Market Trends

Median Sale Price
$347,450
+21.9% year-over-year

# of Homes Sold
144
+9.1% year-over-year

Median Days on Market
5

Real estate agents vs Realtor
 

So the Villages agents do not belong to national board of Realtors nor do they co op with REALTORS from other companies. All if their listings are in house only so it probably does not matter.. the listings are only put on their web site to attract buyers but they don't have to be.. the agents are not REALTORS... They used to co op when they were divided into 2 real estate companies like 20 years ago!! But the agents have to be licensed as real estate agents just like anyone else selling real estate.. they just don't join the local or national boards

I had a similar experience but in reverse
 

My agent knew the house I was looking for and it never made the market. I gave them asking price and it was done. I'm certain now they could have listed it higher but I was the recipient of the good fortune.

And/or share the wealth?

Frankly I attempt to be precise with terminology. To refer to a licensed Villages agent as a realtor is incorrect usage of the trademark Realtor. It is akin to calling Velveeta cheese when in fact it contains no cheese whatsoever but is a "cheese product".

I totally agree! 🤪🤪 a realtor has you on the MLS for public viewing immediately

I believe it's called a "Pocket Listing"

They are not realtors they are sales people for the Villages called Associates!