Phew!
For a moment today I thought that the King of over-pricing had actually brought a new listing to market at less than his client paid for it last year. If even the King is heading south, I thought, then this market is really in trouble. To my relief, I realized that I'd transposed a digit and the house was indeed priced so as to yield a hoped-for 5% annualized return. The seller won't get that price, of course, but at least the King's record is intact and all is right with the world.
2 years ago
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3 comments:
Here is an honest question. How does an agent make a living if all of their listings are constantly overpriced?
I can see how in the strong market we've had in Greenwich waiting would have brought the market up to the seller, but how did it work before then?
Do some agents start off at a high price to get the listing and then convince the seller to accept whatever offer comes in?
Yes.
Love to know who the King is....
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