NBC Today Show, Your REALTOR® is lying to you!

Very funny, but, there are two very important things in what you said; highest offer usually comes early and don't overprice your home to negotiate. Good Job.

Hey James, I did a market report on our area showing the direct relationship of the Sales Price and Days on market in my South Barrington real estate report here -- http://www.suburbanvillagerealty.com/blog/paul-francis/south-barrington-real-estate-update-for-november-2007/show/ I'm sure this applies to every real estate market. Unfortunately, there are real estate agents "Buying a Listing" because sellers are listening to what they want to hear and not what they need to hear. Unfortunately, it gives computer scientists fuel to supposedly educate people that don't quite understand this.

Thanks for the comments Paul and Ryan, I agree with both of you completely, but add that the following is also true: The truth is Redfin really does not sell real estate, they run a website where they pretend to sell real estate. and The reality is that the home seller chooses where to price their home not their Realtor, of course the home buyer chooses what the home actually sells for. If those of us who do not, "Buy a Listing" intentionally overprice something in order to get the seller to list, could do a better job of educating the sellers out there then the so called scientist would quickly run our of their commentary fuel so to speak. This is just my opinion, but companies like these are the leaches on the real estate industries body.

I think it is commical that they actually are calling themselves 'scientists' now. I would say their business model is perhaps hurting a bit if they are resorting to that. It isn't difficult for the average consumer to see through that b.s. I actually am feeling a bit embarrassed for them today. I always ask my clients: Do you want someone sitting at a desk to write your offer, someone who doesn't physically know the competition or view it? Same with marketing your home? I had one lady ask me once, "why are none of my offers getting accepted? I'm working with Redfin and I've written three offers and lost all three" hmmmm....I wonder why.