989,652
I don't do overpriced - but I hear - it's getting a price reduction - either that or losing the listing! Is that a benefit?
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Tony and Suzanne Marri...
Scottsdale, AZ
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Jessie Cochran
Panama City, FL
231,224
Good afternoon, this is Tony, yes my listing on line? Yes thats mine...Yes, i agree it is a bit overpriced, i would love to show you one have that is 200 sq feet larger and 20,000 less. Yes, i am avail this afternoon. ok..see you at my office. Thank you for originally calling on my over priced listing that the seller is an idiot and greedy.
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Melissa Jackson REALTOR
Azle, TX
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Tony and Suzanne Marri...
Scottsdale, AZ
2,684,009
Some agents want the sign call. They can show something else.
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Susan Laxson CRS
La Quinta, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
3,727,873
I've seen listings - especially lately - that everyone, myself included, thought were idiotically overpriced. And they sold, and more than once it was overlist price. So sometimes we get it wrong.
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Susan Emo
Kingston, ON
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Tony and Suzanne Marri...
Scottsdale, AZ
2,220,323
None, why would you take an overprice listing?
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Tony and Suzanne Marri...
Scottsdale, AZ
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Anthony Acosta - ALLAT...
Atlanta, GA
1,052,156
There really aren't any. The people take them anyway because it'll make the seller happy for a minute, it'll hopefully get them calls they can use to generate leads for other properties, and it gets their signs out in town.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Raymond E. Camp
Ontario, NY
1,617,916
4,434,127
4,571,917
Some might think that it will generate leads.
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Tony and Suzanne Marri...
Scottsdale, AZ
3,416,038
They get the privledge to pay for ads on a house that may never sell at that price. They get the privledge to be yelled at by the seller whose house has not sold.
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Tony and Suzanne Marri...
Scottsdale, AZ
7,835,323
If you have found benefits, you should blog about them.
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Tony and Suzanne Marri...
Scottsdale, AZ
634,482
If it's high but not absurd you'll get some interest and at least get inquiries that may lead to other sales.
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Tony and Suzanne Marri...
Scottsdale, AZ
4,319,419
Tony and Suzanne Marriott, Associate Brokers - it's all about market share at a given time.
The calls may be generated because of such listings that may help some agents who are on floor time.
The agents can still keep the relationships with these sellers - and may get referrals.
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Tony and Suzanne Marri...
Scottsdale, AZ
3,986,258
Depends on the property it could bring in extra calls
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Tony and Suzanne Marri...
Scottsdale, AZ
2,362,595
hopefully it makes the phone ring - at least I think that is the idea - but in fact it gives the company/agent a bad name
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Tony and Suzanne Marri...
Scottsdale, AZ
1,543,345
You get to know the home owner really, really well? I'm just guessing, since I price'em right...
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Tony and Suzanne Marri...
Scottsdale, AZ
321,564
Listing agent wanting a sign in the yard & phone calls.
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Tony and Suzanne Marri...
Scottsdale, AZ
3,988,007
The benefit is getting calls and being able to convert the lead to a client and maybe if they are interested enough in the listed property the seller may come down in price. However an overprised listing a frustration to the listing agent and other agents realize this agent prices high. It could affect other business.
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Tony and Suzanne Marri...
Scottsdale, AZ
469,510
Benefits - escpecially in an appreciating market - it may sell out right and the listing agent looks great. If it doesn't sell and you're in good communication with the seller they may agree to price reductions so you will be the listing agent when it does sell. And of course there are sign/ad calls that may turn into buyer leads regardless if the primary home sells. And those "potential" benefits should be weighed against the "potential" cons. For me it comes down to how over priced the listing is and what my read on the seller is.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,712,676
911,228
None really. Eventually people will get sick of seeing the sign and just ignore it.
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Tony and Suzanne Marri...
Scottsdale, AZ
613,494
Based on making offers on property that has no basis for the high price, I think there are 3 reasons that listing agent overprice to get a listing:
1. They want the sign call to bait and switch the buyer.
2. They want signs in the neighboorhood which help get more listings.
3. They want to look like a top producer in their office.
Eve
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Tony and Suzanne Marri...
Scottsdale, AZ
4,800,082
I think you asked this question twice. I answered the other one.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,157,785
It depends upon their objectives.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,160,948
For a moment I thought you had moved to Utah! :-) Sometimes agents take listings just to have something to advertise.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,502,888
823,579
1) It might sell.
2) The phone rings.
3) Open Houses to meet new clients.
I have seen homes sell to the clients who really want what the homes offer without regard to the price.
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Tony and Suzanne Marri...
Scottsdale, AZ
5,216,337
Not many, if any! Perhaps in a heated market with rapid appreciation and a seller who will reduce the price quickly if there is little activity!
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Tony and Suzanne Marri...
Scottsdale, AZ
1,771,867
All I can think of is a yard sign.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,844,171
This is where there is always a disagreement with some in my office who say it's better to have an overpriced listing than none at all.
I say b-o-l-o-g-n-a (you can sing that). Waste alot of time & effort for no results. If the market speaks after 30 days with no contract, your in the whole both time & money. Why don't agents realize that?
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Tony and Suzanne Marri...
Scottsdale, AZ
797,457
I was going to say none but an Agent in town takes them to get customers for other listings.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,781,113
It can be the beginning of a rewarding experience in many ways
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Tony and Suzanne Marri...
Scottsdale, AZ
1,466,207
Tony and Suzanne Marriott, Associate Brokers There are no benefits. Maybe there is one. The broker can brag about how many listings they have that will not sell.
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Tony and Suzanne Marri...
Scottsdale, AZ
5,583,278
there are NO benefits, if the listing agent is providing the marketing that every listing warrants....
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Tony and Suzanne Marri...
Scottsdale, AZ
1,231,853
Thanks for asking Tony and Suzanne Marriott, Associate Brokers Love the A's you received.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,178,533
Exposure and the opportunity for potential leads to something else. That said, IMHO, it is not a wise investment of time or money to purposely take overpriced listings.
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Tony and Suzanne Marri...
Scottsdale, AZ
5,005,333
None..it is not interest of the seller or you to list an home overpriced. Wasted time and money and you as the agent earn the reputation for not selling your listings because you can't price them correctly.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,683,912
The benefit of a isting Broker/Agent is being able to talk to the Seller face to face to convince them why the price needs to be lowered.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,513,143
To have there name on a sign and hopefully everyone blames the brokerage not the listing agent!
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Tony and Suzanne Marri...
Scottsdale, AZ
6,392,919