

2,301,300
The trying to convince that seller that the agent possesses the golden Midas touch, that everything he or she touches, lists turns to GOLD. Over priced with a bank appraiser at the throttle is not going to get front row tickets to a real estate closing conference room sit down for the slide the keys that way, the check with your name on it this way please. Over priced properties waste time and resources. Hurt your batting average.
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Annette Lawrence , Pal...
Palm Harbor, FL
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Barbara Todaro
Franklin, MA
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Candice A. Donofrio
Fort Mohave, AZ
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Tony and Suzanne Marri...
Scottsdale, AZ
2,361,566
They are saying "based on current market conditions and statistical data, this is overpriced". There is no way to take in the emotional factor when preparing a Price Opinion based on data.
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Annette Lawrence , Pal...
Palm Harbor, FL
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Candice A. Donofrio
Fort Mohave, AZ
5,383,888
Sure it can sell... but probably at a huge discount. Last year I lost out on a listing where I told a seller her mother's home wouldn't sell over $350K and to price it at $355K. She went with another agent who priced it at $430K. Sat on the market for 4 months and they dropped the price to $419K. After another three months it sold at $330K--$100,000 less than original asking price in a market where homes sell at about 97% of asking price. I have no doubt if she's priced it right the first go-around, it would have sold quicker and in the $340,000's.
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Dan & Laurie Pittsenba...
Bellingham, WA
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Annette Lawrence , Pal...
Palm Harbor, FL
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Candice A. Donofrio
Fort Mohave, AZ
1,112,058
I read the bold print first, of course . . . then silently mouthed the words in the additional info. It will always depend on the market phase, the property, the buyer's needs/ability to pay and a bazillion other factors. 'Over recent market' might be a better term.
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Candice A. Donofrio
Fort Mohave, AZ
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Annette Lawrence , Pal...
Palm Harbor, FL
5,200,200
It might over time in our market, especially if prices are appreciating. But usually we see multiple reductions and a sale for far less
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Annette Lawrence , Pal...
Palm Harbor, FL
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Candice A. Donofrio
Fort Mohave, AZ
469,625
I didn't read the original question - but it's not totally uncommon in an appreciating market for today's "overpriced" home to sell in 6 months (when it's no longer over priced...).
And of course the agent could have been strictly talking about their point of view. I may feel that a home is overpriced (in my opinion there are plenty of homes I think are better homes in better locations for less money) but some other agent and buyer have a diffenent opinion and go ahead and purchase the overpriced home. And it appraises fine because the appraiser didn't care about the busy street and the 45 degree angled driveway and other things that lead me to form my opinion that the home was overpriced for what it is where it is. So I guess that's along the lines of what I think the agent "may" have been saying.
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Annette Lawrence , Pal...
Palm Harbor, FL
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Candice A. Donofrio
Fort Mohave, AZ
4,434,277
It will sell if the seller accepts an offer that a buyer my make.
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Annette Lawrence , Pal...
Palm Harbor, FL
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Nina Hollander, Broker
Charlotte, NC
1,638,753
Overpriced = not seeing value.
But you are correct, the market decides price, so if it sells, someone saw value or potential for value and therefore it wasn't over priced.
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Annette Lawrence , Pal...
Palm Harbor, FL
4,322,295
Annette - good question for sure.
And pricing is ------ relative!
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Annette Lawrence , Pal...
Palm Harbor, FL
6,761,903
What they are generally saying is "please lower the price on this home so that it will slide through the process with less effort". Sometimes this is the wise choice, sometimes it is not, only God knows which.
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Annette Lawrence , Pal...
Palm Harbor, FL
2,448,581
overpriced .... sigh.... too much to consider at midnight
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Annette Lawrence , Pal...
Palm Harbor, FL
1,772,017
It is possible if the home is unique but it may sit too.
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Annette Lawrence , Pal...
Palm Harbor, FL
1,683,918
Yes, It's called Supply and Demand
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Annette Lawrence , Pal...
Palm Harbor, FL
1,657,302
Exactly: what is overpriced? How can you compare a historical with architectural home or with home? If the home has no reason to be priced higher, only the owners request because they think their home is better....chances are low.
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Annette Lawrence , Pal...
Palm Harbor, FL
1,758,537
3,986,529
Over priced is sometimes in the eye of the beholder
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Annette Lawrence , Pal...
Palm Harbor, FL
5,585,039
they're saying that they are not well versed with listing and/or marketing....everything WILL sell as soon as the market catches up with that high price.....
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Annette Lawrence , Pal...
Palm Harbor, FL
796,139
It may have been. People overpay for things all the time. The test would be if they put the home back on the market at the same price right away in the same timing to see if it sells again at that price.
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Annette Lawrence , Pal...
Palm Harbor, FL
5,553,777
Overpriced loses it luster when the home sells. Sales price to list price ratio may offer some information on the truth!
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Annette Lawrence , Pal...
Palm Harbor, FL
5,774,106
Annette,
I asked this question of one of our local clients, and his answer was, "Yes, we have been surprised many times!" A
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Annette Lawrence , Pal...
Palm Harbor, FL
3,764,441
I'm amazed at the number of overpriced homes that sell in my market - for over the overpriced asking price!
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Annette Lawrence , Pal...
Palm Harbor, FL
1,545,944
That they can do a better job than the prior agent.
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Annette Lawrence , Pal...
Palm Harbor, FL
3,386,608
If it sells below list price, I am imagining that means it was overpriced.
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Annette Lawrence , Pal...
Palm Harbor, FL
1,874,708
They know they listed it as such probably because the seller wanted it. Any house will sell when the market catches up to it - could be 2-3 years lol.
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Annette Lawrence , Pal...
Palm Harbor, FL
3,446,656
It would depend on what it sold for ... unless we are just mincing words here
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Annette Lawrence , Pal...
Palm Harbor, FL
1,231,903
Ditto under Gita Bantwal comment.
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Annette Lawrence , Pal...
Palm Harbor, FL
3,988,144
An agetn listing an overpriced listing is hoping that in time the seller will see the light and lower the price or when an offer finally comes in they will realize it isn't going ot get any better.
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Annette Lawrence , Pal...
Palm Harbor, FL
2,871,041
Yes it will at some point but with high maintenance (effort & time). I am not sure the extra effort or the wishing upon a star approach is worth it. He who hesitates (because of high price) is lost. When selling, you want to be found not lost...and then bought! Mixed message at best but greed (?) supports this
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Annette Lawrence , Pal...
Palm Harbor, FL
3,074,716
2,538,789
Good morning Annette. Agents say a lot of things, but if the property sells and a mortgage is involved, what happens when the property doesn't appraise.
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Annette Lawrence , Pal...
Palm Harbor, FL
1,466,257
Annette Lawrence , Palm Harbor, FL 727-420-4041 If it sells and closes, then it wasn't overpriced. The agent is probably thinking this is going to be a difficult sale.
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Annette Lawrence , Pal...
Palm Harbor, FL
1,513,143
As long as there is an accepted contract and it goes to closing it was priced correctly.
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Annette Lawrence , Pal...
Palm Harbor, FL
846,575
That they did not get the listing!
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Annette Lawrence , Pal...
Palm Harbor, FL
544,164
Yes, it's a seller's market. However, the market will teach some irrationally exuberant sellers that they can't get whatever price they conjure up.
5,279,979
I never figure a over price listing would sell but t=with the shortage of homes who knows.
6,051,321
In Denver everything is selling, and most often way above appraised value. Buyers are making up the difference in cash.
929,275
They are sometimes speaking "reality"; other times "make it easier for me to sell it".