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why are real estate agents quick to say put in an offer,then say drop your price houses aren't selling?

we looked at a house today. sales rep said put in an offer it wont last. we returned to the real estate office to organise an appraisal on our house and he then said the market is slow nothing is moving.is this a guy who knows real estate or someone chasing dollars

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  • 1 decade ago
    Favorite Answer

    The market is moving very slowly. When a house is priced to sell though, you never know what might happen. The trouble with today's market is that it is unpredictable. You can have your house on the market quickly, and it sells in a couple months, or it might sit for a year or longer. Depends on how "good" the home is in a buyer's eyes, where it is located, and how well it is listed. I wish there was a better answer for this, but really it's very unpredictable.

  • Anonymous
    1 decade ago

    There is a very interesting incentive scheme at play for real estate agents.

    Economist Steven Levitt showed that real estate agents wait to sell or buy a house of their own around 4 weeks longer than the clients they represent.

    Simply by looking at the %s he is far better off selling more houses quickly at a lower price than less houses slowly at a slightly higher price.

    Most real estate agents are like this. Unless you are a property investor they are unlikely to see repeat business from you - so they churn you.

    It is how the real estate business works unfortunately.

    If you want to see how long it can take you to pay down your new home, or the effects of buying investment properties and a lot more you can check out the Money Calculator on our site:

    http://www.mymoneycalculator.com.au/index.html

  • ?
    Lv 4
    5 years ago

    Your paying 7% on the 1st $100K, and 3% at something? so as that averages, 4.3% so as this is somewhat Low. If she places the chop up at 2 or 2.5% you will not get many showings if the conventional interior the area is 3 -4%. A one million% drop in value is somewhat a one million/3 cut back in pay for realtors, so as that's what you may desire to undergo in ideas. in case you by some potential think of which you would be able to marketplace, promote and checklist it for much less money than that, do it. in particular situations realtors have rapid sales, and to those consumers it variety of sounds like a great variety of money for little or no paintings. different situations they might paintings with a customer, customer or broker for months without sale. So do they get greater while that occurs ... no. the conventional salary of a realtor interior the U. S. is $50,000 which isn't precisely the top of income... final analysis, you have gotten a variable value, this is that if it sells in 30 days you pay one value, and after that it is going up, and the cost of your place is going down.. each thing is negotiable.

  • 1 decade ago

    Don't let the agent push you around. Be firm in what you want for your house if you are being realistic. Likewise, if you find a house you want to buy first then offer a price that is reasonable for the market. It is your money not the realtors. With that said, I would always want to sell my house first before submitting any offers unless there was just a fantastic deal that was too good to pass on.

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  • 1 decade ago

    We are all chasing dollars, plus real estate agents do an enormous amount of work for free running around with 10 flaky buyers 14 hours per day, so off course they need one of these buyers to put an offer so they can stay in business and feed their children.

  • 1 decade ago

    If you don't trust your agent, then drop him.

    The market is volatile. A house that is priced correctly will move quickly and you have to be quick to get it. But a house that's overpriced isn't going to sell.

    If you feel that he's "chasing dollars", then dump him and find a new agent who tells it like it is, not the way that he can make some fast money.

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