Annette Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

Spam prevention
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

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.

Apr 16, 2016 11:22 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

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.

Apr 17, 2016 12:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

Apr 16, 2016 11:19 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

More often than not it's posturing on the agents part.

Apr 17, 2016 03:14 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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.

Apr 17, 2016 12:36 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It might over time in our market, especially if prices are appreciating. But usually we see multiple reductions and a sale for far less

Apr 17, 2016 12:02 AM
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

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.

Apr 16, 2016 11:36 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It will sell if the seller accepts an offer that a buyer my make.

Apr 16, 2016 10:55 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

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.

Apr 16, 2016 10:41 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Annette - good question for sure. 

And pricing is ------ relative!

Apr 17, 2016 04:43 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

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.

Apr 17, 2016 02:18 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

overpriced .... sigh.... too much to consider at midnight

Apr 17, 2016 02:16 PM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

It is possible if the home is unique but it may sit too.

Apr 17, 2016 01:26 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Yes,  It's called Supply and Demand

Apr 17, 2016 12:43 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

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. 

Apr 17, 2016 11:00 AM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Searching for an excuse

Apr 17, 2016 10:05 AM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Over priced is sometimes in the eye of the beholder

Apr 17, 2016 09:21 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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.....

Apr 17, 2016 09:12 AM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

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.

Apr 17, 2016 07:22 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Overpriced loses it luster when the home sells. Sales price to list price ratio may offer some information on the truth!

Apr 17, 2016 06:42 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


I asked this question of one of our local clients, and his answer was, "Yes, we have been surprised many times!"  A

Apr 17, 2016 05:33 AM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

I'm amazed at the number of overpriced homes that sell in my market - for over the overpriced asking price!

Apr 17, 2016 05:01 AM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That they can do a better job than the prior agent.

Apr 17, 2016 04:15 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

If it sells below list price, I am imagining that means it was overpriced.

Apr 17, 2016 04:01 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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.

Apr 17, 2016 03:36 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It would depend on what it sold for ... unless we are just mincing words here

Apr 17, 2016 03:08 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Ditto under Gita Bantwal comment.

Apr 17, 2016 12:34 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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.

Apr 17, 2016 12:14 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

Apr 16, 2016 11:55 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Andrew Mooers said...

Apr 16, 2016 11:32 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

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.

Apr 16, 2016 11:18 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

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.

Apr 16, 2016 11:04 PM
Raymond E. Camp
Ontario, NY

As long as there is an accepted contract and it goes to closing it was priced correctly.

Apr 16, 2016 10:45 PM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

That they did not get the listing!

Apr 16, 2016 10:42 PM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

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.

Nov 26, 2017 02:14 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I never figure a over price listing would sell but t=with the shortage of homes who knows.

Apr 20, 2016 03:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Denver everything is selling, and most often way above appraised value.  Buyers are making up the difference in cash. 

Apr 18, 2016 11:58 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

They are sometimes speaking "reality"; other times "make it easier for me to sell it". 

Apr 17, 2016 10:56 PM