(Another Sweary Real Estate Post by Allison Parks)
Note: This is the fourth post in a series.
If you are interviewing multiple agents to list your home, you may find yourself in a situation where several agents say that your home should sell around, for instance, $460,000. Another agent comes in and says they can sell it for $510,000 because they are incredibly talented and special. Beware, my friend. This is a tactic that many agents use to capture listings. They say that they are the best agent. They have special unicorn powers. All they have to do is click their heels, use your bathroom on a Wednesday without washing their hands afterwards, and like magic, your home is worth $50,000 more. I’m sorry, but often these agents are lying… but of course, all of us want our homes to be worth $50,000 more, so we hire the agent who says they can get us those 50 bonus racks.
Guess what actually happens?
Many moons later, your home sells for $460,000, like all of the honest agents told you it would. In fact, since your home sat on the market so long, your listing became “stigmatized” in the eyes of many buyers. As such, your home might only sell for $450,000-455,000, when it should have sold for $460,000. The agent with special unicorn powers purposefully quoted you a higher price than could actually attain for you, because they wanted your business. They aren’t smart enough to get your business in an honest fashion, so they have to use slimy tricks.
Truth: As a result of falling for this tactic, you have made less money, your home was on the market for much longer than it should have been, and you have to live with the fact that you paid a lot of money to an Uncool Agent, instead of an Honest Agent.
Want a Fantastic Agent instead of a Problem Agent? Give us a call at 303-908-9873.
For more on Shit Real Estate Agents Say to Get You to Hire Them, read our next post, I am an expert on [insert neighborhood here].