Should you list with the agent who promises the highest price for your Eagle Idaho home?
In real estate, we call that practice “buying the listing”.
The problem with that tactic is that your listing agent isn’t the person who will be buying your home!
Some listing agents will use that tactic to “get the listing” at any price, then urge you to reduce your asking price when your home doesn’t sell.
If you fall for that trick, don’t be surprised when your listing agent asks you to reduce your price soon after listing your home with them.
Some listing agents even go so far as to include one, or more, pre-scheduled price reductions in their listing agreement after overpricing your home!
That’s especially brazen if the high asking price was their idea!
Before you list your home with the agent who promises an unrealistically high price, ask yourself:
- Who will be willing to pay that price for my home? (certainly not your listing agent!)
- What if my home doesn’t sell?
- How will my home be viewed by buyers and agents when I have to reduce my price?
- Is it a good idea to list my most valuable asset with an agent who’s willing to mislead me to get my listing?
- How many additional showings will I have to endure until my home sells?
When you encounter a listing agent who’s recommending a higher price than other agents, ask for proof of the price they’re recommending.
Your listing agent should be willing to discuss the actual closed comparable sales used to determine the correct asking price.
The thrill of a high asking price will quickly disappear when no one looks at your home.
Listings are like fruit ~ they don’t get better with time!
Homes that linger on the market, or undergo multiple price reductions, rarely sell for top dollar.
Your best option is to list with an agent who’s truthful about the value of your home.
The last thing you should do is list your home with an agent who tells you what you want to hear!
Like to know what your home is really worth?
Give me a call at (208)938-5533 or e-mail me.
I will evaluate your home and tell you the truth so you can make informed decisions about selling your home.