I give my price opinion from rough CMA. Buying or not buying is their decision.

I do advise them about overpriced homes.  They almost always go ahead and pay too much - but at least I tried.  So far, everything has appraised.

Hi Russ -- if it's not my money I have no say in the decision making process.   I share pluses/minuses/positives/negatives as to the property/neighborhood/ amenities but I never suggest they should or should not buy a particular home. Comps are definitely are part of the discussion with a buyer considering any home.  

I do ask -- especially for those buyers who have difficulty making a decision -- this home has everything(or nearly) that you have stated is important for you -- why are you not considering an offer?    That has been more of an issue(at least in my experience) than your question.  I do speak to the issue should a property not appraise or if there are inspections issues that may arise -- again -- it's their decision.

The reasons for purchasing a home do not always involve one that makes sense financially -- some need a certain location, or some feature that "speaks" to them or likely countless others some we are privvy to and others may not even be known to the buyers until they find the home.

I'd advise the client(s) of the comparables and that the price doesn't appear to be supported.  If they still wish to proceed, I let them know they may run into an appraisal deficit and to be prepared to make up part or all of the difference.

It's our job to make sure the client is fully informed so they can make the decisions that best suit them.

I show the client the comps and they absolutely make the decision.   If it is the right home, they may pay over fair market value.   In our market, many are paying over market value.

Hi Russ, I tell them what I think, show them the comps and then do what they want to do. Many buyers don't buy the house I think they should buy. I do their bidding and have learned to live with it.

I always show comps on any property that we make an offer on.  Then let the client decide.

I do both. I will tell my buyer if I think it's overpriced and show them the comps. Once I do that, it's up to the buyer to decide what they want to do.

No, because my husband and I have had very sound reasons for paying over list, even making up the difference when a house we wanted did not appraise.  Sometimes what we do is help the client GET the house they want and it is not always about the price.  I would certainly provide comps, talk to them about price, of course, but past a point, it is their decision. 

Price is relevent to how much they want the home.

Praful does that.

I give them the facts and my opinion if I'm asked.

Margaret nailed this one!

Russ, I do so after showing them the comps.  I also let them know it is their choice, but there will be complications with their lender if the appraiser can't find the value to support the purchase price.

Russ,

I do believe that part of my fiduciary duties to my buyers is to provide the most up to date information...and my recommendation. In the end though, it's always their decision.

Rich

I come back to the office run the numbers and yes tell them where the numbers come in at for a fair offer.  It's ultimately the buyer decision what to offer.

I always give them the comps and let thme decide . I also ask them if they plan on living in the house for many years or may move in a couple of years.

Most agents who show my listing feel compelled to comment, "This is way overpriced!" Then a motivated and able buyer purchases the house with a 1% discount. In my opinion, agents are too liberal with faulty evaluations of value. I never ask agents for an opinion of value because they all assume I am pursing a price beat down...or they are actually unable to assess value.

I remain silent until the buyer indicates interest, then I'll complete a CIS Score.

I then let the buyer decide and advise if a potential appraisal issue may surface.

All of the above, depending on client and on the situation. But once done, it's their decision and I'm there to help them get what they want.

Advising them not to buy is something I learned long time ago not to do. It's their choice. What I will do is give them all the information to make a decision and will certainly tell them what I think of the price.

If something is overpriced by $5,000 or $10,000 I'll also let them know that in the long term this won't matter very much and will give them an example. When I started out a good friend of mine wanted to buy a house that was over-priced by about $20,000 but there was nothing else that was similar. I advised him not to buy it but he went ahead and bought anyway. He sold 5 years later for $200,000 more than what he paid for it.

Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239 I usually send them the CMA of the home they are buying. They eventually decide on what to do...

Comps validate your advice. They assist the process. Good question.