Maryland Real Estate Consultant

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Your property is overpriced! Boo Hoo

I recently had a woman call and leave a message on my answering service... The message said are you crazy, have you seen the comps your property is priced too high. I called her back to see if she would like some information on the property. I asked her, have you seen the property? No, was the answer. I promptly reminded her that if a homes seems overpriced  you are always welcome to make an offer, assuming you have seen the home... remember the buyer dictates the true price, she hung up.

 

 I know the market is tight but being rude and uneducated about home-buying is a sad epidemic.

8 comments • Frank Harris • May 02 2008 08:47PM

Comments

Frank, I don't blame the general public for this attitude that seems to be permeating the housing market. I blame the media....they're the ones repeating the mantra that everything is overpriced and everyone will get a "bargain".
Posted by Jim Albano / North Jersey Real Estate Team - Jean-Marie Vantuno / Realtors® (Prudential Damiano Realty ) about 1 year ago
I must have missed something...what was the purpose of the call...?? :)
Posted by Konnie McKee. CDPE, RDCpro Northern VA Real Estate (Realty Direct ) about 1 year ago
A home is only worth what a buyer is willing to pay for it.
Posted by Shaun Wren (AGENTFORLIFE) about 1 year ago

Jim you are correct.

Konnie, I guess the call was made to insult me :)

Shaun, thats exactly what I wanted the buyer to understand.  She mentioned she was from out of town and I felt maybe she was a little out of touch with our area so I wanted to discuss the home buying process in detail before she hung up on me.

 

Posted by Frank Harris (Keller Williams Realty Centre) about 1 year ago
Frank, there's a good chance she's not even shopping for a home - just wanted someone to lash out at, and you were it.
Posted by Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies (Hoffacker Associates LLC) about 1 year ago
Sounds like maybe she's been watching too much HGTV.  Sometimes buyers think they are informed by watching national media but fail to realize that all real estate markets are local and have their own barometers and parameters.
Posted by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (469)449-9840 (Prudential Texas Properties) about 1 year ago
Everybody's an expert these days!  But I do agree that any homes on the market these days better be aggressively priced if they want to have a shot at selling.
Posted by Jacki & Jerry Shafer, The Shafer Team Call 502-643-SOLD (7653) (The Shafer Real Estate Team, Keller Williams Louisville East) about 1 year ago
Yes, I know what you mean. I have had the same type of conversation. I finally told the "buyer" to make an offer..after all, that's what Real Estate is all about.
Posted by Dorene Slavitz (Coldwell Banker-Residential & Commercial Realty) about 1 year ago

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