Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY)

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Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes it would be... and I've been the second and even third agent in on many listings because I refused to list at an inflated price. Would much rather "get them when they are real."

Jun 09, 2016 02:01 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I think that often as well Andrew, but then I see a sold sign on one of these and wonder why anyone would pay that amount. 

Apparently sometimes the seller is right, or gets lucky...

Jun 09, 2016 01:52 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Great idea, not going to happen.

Jun 09, 2016 01:52 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Andrew,

That certainly makes sense, but the world at large does not make sense, so the world of real estate follows suit...A

Jun 09, 2016 01:51 AM
Rainmaker
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If I hear those words I have to question the motivation of the seller and determine if I want to fool with it.

Jun 09, 2016 01:21 PM
Rainmaker
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Andrew - We never mind being the second or third listing agent as long as we're the last.

Jun 09, 2016 07:57 AM
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Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

WOW - must be nice to live in a cookie cutter world where pricing is an exact science!  Most of my listings have zero comps to guide us, the appraisers that are often called in prior, haven't a clue either 

Jun 09, 2016 06:36 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The short answer is yes.  Though, there are times when there are extenuating circumstances.

Jun 09, 2016 04:18 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

First rule of Real Estate: Honor thy seller & buyer. From there, anything goes

Jun 09, 2016 03:27 AM
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Do you really believe that? I think they'd find someone else to take it at their price, only to sell it a year later below your original price because it sat so long or the market shifted.

Jun 09, 2016 11:06 AM
Rainmaker
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Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Over pricing comes from undereducated clients and agents.  Some agents have a strategy of buy the listing and hope the market may catch up or the client wises up.  I find this unethical, and would rather be the one they come back to, so I warn them against this strategy and ask them not to reward those who employ it.  

Jun 09, 2016 07:42 AM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It sure would however some agents that is their sold source of listings, by telling sellers it is worth more than it is.

Jun 09, 2016 05:37 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

the problem with that scenario is that THERE WILL ALWAYS BE AN AGENT WHO TAKES AN OVERPRICED LISTING.... MLS will still be congested.... but not with your name on the listing....

Jun 09, 2016 03:02 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

In an ideal world that would be great, but until all agents take that perspective, it's not going to happen. There is always someone willing to take an overpriced listing

Jun 09, 2016 02:33 AM
Rainmaker
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Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

True indeed. In many cases, it is to our advantage to take listings on the second or third go-around.

Jun 09, 2016 02:30 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

"What is an overpriced listing?"

Are assumptions being made when you define 'overpriced' listing?

To dismiss every seller who says "I'm not going to give it away" demonstrates a true lack of 'understanding the vulnerability the buyer feels' by the agent.

I work with it and get the house sold.

Jun 09, 2016 01:57 AM
Rainmaker
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Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

however, the value of a home is determined by the market.  Too often we "experts" believe we determine the value.  I have recently seen a piece of land listed at market price, sold on MLS, then relisted immediately and sold again for more than double the original list price, because a neighbor wanted it and needed it to expand his business.  In this case, the true value of the land was above what most professionals would have expected it to be.  Was it overprice?  I don't know, but it sold for more than double what a comparable piece of land might have. 

Jun 12, 2016 07:46 AM
Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Waterfront that is scarce can be an entirely different animal with multiple offers.. different situation than as a rule an agent loads up on over priced listings. Thanks for chiming in!

Jun 11, 2016 02:09 AM
Rainmaker
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Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

First born son.

Second wife.

Third real estate agent.

Stuff happens.  

Jun 09, 2016 10:47 PM
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Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing your observations.

Jun 09, 2016 09:16 PM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Agreed

Jun 09, 2016 09:12 PM
Rainmaker
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Andrew Mooers - what is that.... wishes were horses....lol

Jun 09, 2016 04:58 PM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker
No guts, no glory!
Jun 09, 2016 01:45 PM
Rainmaker
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FN LN
Toronto, ON

Overpriced is sometimes in the eyes of the beholder.  A slightly overpriced listing may actually be easy to sell.

Jun 09, 2016 01:44 PM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

About 2/3 of the over priced listings I take end up selling so it sometimes takes the sellers some times to come to reality

Jun 09, 2016 01:02 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

We already have low inventory, that would mean less to show.  Just because they say they are not going to give it away doesn't mean they won't give it away to a price much lower than they started out with.

Jun 09, 2016 12:22 PM
Rainmaker
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

The world of real estate is filled with so many variances. I make it a rule not to take over priced listings every so often I'm proven wrong:).

Jun 09, 2016 10:01 AM
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
An offer you can't refuse!

I've turned away too many listings... because I felt it was overpriced, only to have them sell in a few days...

or

to have the next agent take the listing at a higher price, only to beat up the seller with price reductions over a time... eventually selling at the price I suggested.

The agent who accepted the over-priced listing got paid.  I, on the other hand, got bupkus.

Jun 09, 2016 08:34 AM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Give it away, so many sellers say that and then a year later they lower the price.

Jun 09, 2016 08:19 AM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Maybe every seller should be required to do a FSBO the first month before listing. Let them see how fun that is!

Jun 09, 2016 07:24 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Depends on how over priced.  Out here I hear a LOT of agents whining about my listings being the "highest price per square foot" in the area and calling them over priced... yet they sell in mulitple offers for list (or over).

My motto: If the house is worth it, you'll pay it.  A Rolls Royce has a higher price per square foot than a Hyundai, but you don't see people complaining to the Rolls Royce dealer... they're adding onto the price!

Jun 09, 2016 06:55 AM
Rainmaker
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Diana Zaccaro Broker Associate
Tropical Beachside - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

You always want to be the first child, second wife and third Realtor BUT...I have seen overpriced listings sell for the full amount and sometimes even above.

Our inventory is very low so not unusual here.

 

Jun 09, 2016 04:02 AM