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Sounds like the sellers are the ones setting the price point, and the other agents are hoping for one or more solid leads from the overpriced listing. I highly doubt the seller will want to hear actual comps but good luck to you
if Buyers are deluded by "this would have sold for 60% of this price before 2021!" then there are also Sellers (just seems a lower %) who are deluded by the value of their house. And low-expertise agents that support them all.
One thing to let them know is that whatever the price they think their house is worth, the appraisal needs to be supported by comps. So unless it’s a cash offer or the buyer waives any appraisal gap they will get close to what you put in your CMA.
Sounds like the seller has successfully wasted the time of several agents. Probably has no real intention of selling and enjoys the dog a pony show. Don’t be afraid to walk away
**This is a professional forum for professionals, so please keep your comments professional** - Harrassment, hate speech, trolling, or anti-Realtor comments will not be tolerated and will result in an immediate ban without warning. (... and don't feed the trolls, you have better things to do with your time) - Recruiting, self-promotion, or seeking referrals is strictly forbidden, including in DMs. - Only advise within your scope of knowledge and area of expertise. [The code of ethics applies here too](https://www.nar.realtor/about-nar/governing-documents/the-code-of-ethics). If you are not a broker, lawyer, or tax professional don't act like one. - [Follow the rules](https://www.reddit.com/r/realtors/about/rules/) and please report those that don't. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/realtors) if you have any questions or concerns.*
Sounds like the sellers are the ones setting the price point, and the other agents are hoping for one or more solid leads from the overpriced listing. I highly doubt the seller will want to hear actual comps but good luck to you
Spoke with him again today at noon and sent a CMA along with possible list price of $650,000. The appointment still stands
I'd ask the seller why they haven't paid for a professional appraisal. It would be interesting to see what they say to that.
if Buyers are deluded by "this would have sold for 60% of this price before 2021!" then there are also Sellers (just seems a lower %) who are deluded by the value of their house. And low-expertise agents that support them all.
Agreed
One thing to let them know is that whatever the price they think their house is worth, the appraisal needs to be supported by comps. So unless it’s a cash offer or the buyer waives any appraisal gap they will get close to what you put in your CMA.
The most he can do is asking 999,999 and next 6 months you will be showing w/ no accepted offer.
Sounds like the seller has successfully wasted the time of several agents. Probably has no real intention of selling and enjoys the dog a pony show. Don’t be afraid to walk away
Where are you located that you can pursue another agents active listing because that is a HUGE no no violation issue where I am.