Will you take overpriced listings in this market?

Norcal Jim · 08-19-2007, 12:27 PM

Just curious.

Fort Lauderdale · 08-19-2007, 12:35 PM

Definitely not. As a rule, I don't usually take overpriced listings in any market

John

VRI · 08-19-2007, 01:41 PM

There was an article in our local paper about the glut easing that included comments about similar:

Quote:

Ann Guiberson, head of the Pinellas Realtors Organization, notes another trend: Agents refusing to take on listings when they think owners are overpricing properties.

She could be talking about Tony Marottoli, a Clearwater Realtor who spurns even million-dollar listings if he believes owners are unrealistic.

Here's an example from Belleair Beach: The owner bought a house for $400,000 three years ago and wanted Marottoli to list it for $1.4-million. He wasn't interested.

"Not gonna happen," Marottoli said. "It's old. It's dated. It's a '60s house. If the market weren't dead, it could be a different story."

sptimes.com/2007/08/10/Business/Real_estate_glut_easi.shtml

Malok · 08-19-2007, 02:41 PM

I don't need practice on how to list / advertise / spend money / spend time on a home that isn't going to sell.

BarryC · 08-19-2007, 02:45 PM

Sam Chapman · 08-19-2007, 02:48 PM

Nope. I tell people in listing appointment to watch out for this practice as some agents will take the listing just to try to get buyers off of sign calls. Bad practice...

Smuck · 08-19-2007, 04:34 PM

Here is a good article on this topic. The article is short and draws an analogy between fishing and catching buyers.

VRI · 08-19-2007, 04:46 PM

Quote:

Originally Posted by Smuck

...The article is short and draws an analogy between fishing and catching buyers.

He forgot the part about the chum. (smiley here)

emicarn · 08-19-2007, 05:53 PM

If the owner is adament about it, I will take the listing...

however, I incorporate into the listing agreement a series of price reductions with dates to bring it down to where I think it should be based on local conditions. I also require they list it with me longer then normal... I usually go for 180 days, in these cases I do 270 days.

If they agree, off we go. If they don't, I thank them and move on.

jasoncrouch · 08-19-2007, 06:53 PM

I will take listings that are SLIGHTLY above the optimum price, but not very much, and not without a previous agreement to evaluate and reduce the price if it is not moving quickly.

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