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Home > Archive > Real Estate Agents > April 2006 > Re: My agent has become hyper critical about my house because I won't lower the price.
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Re: My agent has become hyper critical about my house because I won't lower the price.
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| Bee bumble 2006-04-26, 5:21 pm |
| You may well be right and I will probably lowering the price more than
I want but the comps he shows me aren't really "comps" at all and this,
along with his hurtful comments, are what's bugging me.
For example my house is one that would be classified as "luxury" .
When I was looking I also saw similar homes which were at that time (6
yrs ago) 50k less than the one I bought. Now he is trying to tell me
those lessor houses are "comps" to mine. If they were behind it years
ago - how could they have "caught up" now"? If you walked through
theirs and mine you would be shocked that anyone could possibly think
the two properties are comparable.
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| Steve Horrillo 2006-04-26, 6:21 pm |
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On 26-Apr-2006, "Bee bumble" <tlesh@worldnet.att.net> wrote:
> You may well be right and I will probably lowering the price more than
> I want but the comps he shows me aren't really "comps" at all and this,
> along with his hurtful comments, are what's bugging me.
> For example my house is one that would be classified as "luxury" .
> When I was looking I also saw similar homes which were at that time (6
> yrs ago) 50k less than the one I bought. Now he is trying to tell me
> those lessor houses are "comps" to mine. If they were behind it years
> ago - how could they have "caught up" now"? If you walked through
> theirs and mine you would be shocked that anyone could possibly think
> the two properties are comparable.
The problem is if you are over the average price for your area there will be
few walk through's. You may be a victim of "over improvement." If your home
is way above what the surrounding homes are you aren't going to recoup what
made your home "better." Most showing agents are doing their shopping from
behind a computer these days. The idea is to transmit the message to them
that your house is better. That's why I asked you if there's plenty of
pictures in your listing. A virtual tour couldn't hurt either if you have a
luxury home.
BTW, what specifically are the criticisms your agent is giving you?
--
Warmest regards,
Steve Horrillo, Realtor / C.Ht.
MLS Training http://BrokerAgentTraining.com
Join EXIT Realty http://over100percent.com
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| homan4 2006-04-26, 11:21 pm |
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"Bee bumble" <tlesh@worldnet.att.net> wrote in message
news:1146082369.835206.262760@e56g2000cwe.googlegroups.com...
> You may well be right and I will probably lowering the price more than
> I want but the comps he shows me aren't really "comps" at all and this,
> along with his hurtful comments, are what's bugging me.
> For example my house is one that would be classified as "luxury" .
> When I was looking I also saw similar homes which were at that time (6
> yrs ago) 50k less than the one I bought. Now he is trying to tell me
> those lessor houses are "comps" to mine. If they were behind it years
> ago - how could they have "caught up" now"? If you walked through
> theirs and mine you would be shocked that anyone could possibly think
> the two properties are comparable.
It sounds like you are too attached to the home. As a realtor who falls for
the "my home is the nicest in the neighborhood" line is not doing you a
service. Besides, who is to say you didn't over pay when you bought? There
is an old adage, if you want value, buy the dog of a house in the nicest
neighborhood. Perhaps your home is over built for the area? In that case,
an appraiser will come to the same conclusion as your agent.
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| corky 2006-04-27, 12:21 am |
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"Bee bumble" <tlesh@worldnet.att.net> wrote in message
news:1146082369.835206.262760@e56g2000cwe.googlegroups.com...
> You may well be right and I will probably lowering the price more than
> I want but the comps he shows me aren't really "comps" at all and this,
> along with his hurtful comments, are what's bugging me.
Hurtful comments do hurt. That is why they are called hurtful comments. But
you have to get out of the box and put your feelings away. Your emotions
make you to lose perspective. Listen to the realtor and take it into
consideration. If you made a mistake or he mislead you, then learn from it
and play the game better.
You may wish to ask what his feedback was from the "buyers". If he is saying
that your home has problems, then perhaps look into this issue and take a
look at the competition yourself. Stand back a few feet and be objective.
> For example my house is one that would be classified as "luxury" .
> When I was looking I also saw similar homes which were at that time (6
> yrs ago) 50k less than the one I bought. Now he is trying to tell me
> those lessor houses are "comps" to mine. If they were behind it years
> ago - how could they have "caught up" now"? If you walked through
> theirs and mine you would be shocked that anyone could possibly think
> the two properties are comparable.
Market value for your home is what someone is willing to pay for it. You can
comp it and try to reason what it is worth, but that is not reality. This is
a good example of why it is bad to accept an overpriced listing. It only
confuses and angers the seller. From what I can see, you just won't look at
the home objectively. I'm not judging you - we are all guilty of this. My
best friends will sometimes slap my in the head when I am wrong and I thank
them later.
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| Steve Foley 2006-04-27, 7:21 pm |
| In one posting you said he wanted you to lower the price by $50K. In
another, you said 5%. If these numbers are correct it means you are selling
a $1,000,000 home. You also describe it as a luxury home.
You say the lessor homes are similar, yet you don't feel they are comps,
even though they are within 5% of the asking price of yours.
It sounds like you overpaid for your house, and now want someone else to
make the same mistake.
"Bee bumble" <tlesh@worldnet.att.net> wrote in message
news:1146082369.835206.262760@e56g2000cwe.googlegroups.com...
> You may well be right and I will probably lowering the price more than
> I want but the comps he shows me aren't really "comps" at all and this,
> along with his hurtful comments, are what's bugging me.
> For example my house is one that would be classified as "luxury" .
> When I was looking I also saw similar homes which were at that time (6
> yrs ago) 50k less than the one I bought. Now he is trying to tell me
> those lessor houses are "comps" to mine. If they were behind it years
> ago - how could they have "caught up" now"? If you walked through
> theirs and mine you would be shocked that anyone could possibly think
> the two properties are comparable.
>
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| Steve Horrillo 2006-04-27, 9:21 pm |
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On 27-Apr-2006, "Steve Foley" <steve.foley@DELETEatt.net> wrote:
> It sounds like you overpaid for your house, and now want someone else to
> make the same mistake.
Isn't that what they call the "greater fool" theory? 
--
Warmest regards,
Steve Horrillo, Realtor / C.Ht.
MLS Training http://BrokerAgentTraining.com
Join EXIT Realty http://over100percent.com
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