5,460,727
I work at the direction of my sellers with regards to pricing. I would never refuse to reduce the price but, I would advise them accordingly.
I can't say that I've ever had to advise NOT to reduce the price though!
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Lynnea Miller
Bend, OR
-
Eve Alexander
Tampa, FL
-
Susie Kay
Plano, TX
-
Kathleen Daniels, Prob...
San Jose, CA
-
Mimi Foster
Colorado Springs, CO
-
Lyn Sims
Schaumburg, IL
-
Carol Williams
Wenatchee, WA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
J.R. Schloemer
Louisville, KY
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,280,900
If a house isn't selling and there are no issues with condition, location, marketing... then it must be price. You need to know when to drop the price and hopefully not wait for your client to come to that conclusion. As seller agents, it's our job to be on top of the situation and to drive these kinds of decisions. And it's worth keeping in mind that we cannot refuse to follow any lawful instructions given us by our clients.
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Michael Jacobs
Pasadena, CA
-
Lynnea Miller
Bend, OR
-
Eve Alexander
Tampa, FL
-
Susie Kay
Plano, TX
-
Kathleen Daniels, Prob...
San Jose, CA
-
Mimi Foster
Colorado Springs, CO
-
Carol Williams
Wenatchee, WA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
J.R. Schloemer
Louisville, KY
632,012
I can think of one time. Seeler wanted to loweer the price because zillow said his value was lower.
I refused and it sold in a ffew more days for my ful list price
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Debe Maxwell, CRS
Charlotte, NC
-
Lynnea Miller
Bend, OR
-
Kathleen Daniels, Prob...
San Jose, CA
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Lyn Sims
Schaumburg, IL
-
Carol Williams
Wenatchee, WA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
J.R. Schloemer
Louisville, KY
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,610,602
I don't refuse to lower my prices, I evaluate the market response and act accordingly. The market speaks loud and clear with no showings, no offers, low offers etc. It's up to the seller ultimately, not me.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Lynnea Miller
Bend, OR
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
921,504
How often have I REFUSED (and in insubordination)?
Never.
I advise, educate, comfort, encourage, but never defy, those who hire me.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Carol Williams
Wenatchee, WA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,646,171
Why would a listing agent refuse to reduce the price ever?
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Debe Maxwell, CRS
Charlotte, NC
-
Eve Alexander
Tampa, FL
-
Mimi Foster
Colorado Springs, CO
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,426,518
Usually it’s the other way around.
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Debe Maxwell, CRS
Charlotte, NC
-
Eve Alexander
Tampa, FL
-
Susie Kay
Plano, TX
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
J.R. Schloemer
Louisville, KY
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,716,282
I can't say this discussion has ever occurred.
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Susie Kay
Plano, TX
-
Kathleen Daniels, Prob...
San Jose, CA
-
Mimi Foster
Colorado Springs, CO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
1,534,514
It's hard enough to get most sellers to accept a price reduction, if one offers it up JUMP at it!
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Kathleen Daniels, Prob...
San Jose, CA
-
Mimi Foster
Colorado Springs, CO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
453,119
I can't say it is a problem I have run into often. I do not attempt to appear to overzealous to jump on their suggestion to lower the price. I do want to stand behind getting them the most money for my sellers.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Lynnea Miller
Bend, OR
-
Lyn Sims
Schaumburg, IL
-
Thomas J. Nelson, REAL...
La Jolla, CA
3,627,372
Never has happened. If they want to reduce the price, its their call
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Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
-
Carol Williams
Wenatchee, WA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
1,429,072
Never had that problem. It is my request to reduce the price that meets resistance with sellers who still think the NEED a certain price to fund their retirement.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Lynnea Miller
Bend, OR
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
5,152,194
Hasn't happened. But how can I refuse? They are the client! I would advise them if I felt it was the wrong decision and let them know why, but respect their wishes.
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Carol Williams
Wenatchee, WA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,868,548
I have said many times no to a price reduction but I go the way the client wants. It's their call. I've also had the seller say they let me down when they take a lower offer than what we talked about.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Lynnea Miller
Bend, OR
-
Susie Kay
Plano, TX
3,416,322
Never, if the seller wants to reduce the price, i will reduce the price. When i list, i tell them what it is worth, what we should ask and what it may sell for. Some sellers choose to list higher. Sometimes i will try the higher price with an agreement in 2 weeks it lowers if no offers.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Lynnea Miller
Bend, OR
-
Lyn Sims
Schaumburg, IL
5,453,731
The seller owns the property and may have personal reasons, unknown to me, for wanting a quicker sale!
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Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
-
Carol Williams
Wenatchee, WA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
3,074,289
Debe Maxwell, CRS nailed this one!
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
2,703,587
I cannot recall that happening.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,056,013
Had one seller who practically wanted to list way under the market price. He agreed to my market price but called within 24 hours to drop so he can unload the home. We got above list price offer I am glad I did not listen to his suggested price.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
J.R. Schloemer
Louisville, KY
544,114
Yeah, never
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
2,229,165
Not often.
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Susie Kay
Plano, TX
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,210,434
never.
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Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
6,655,809
What the seller wants, we must listen to.
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Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
509,499
Seller makes his own decision whether to accept an offer or not. We can give him our thoughts so he knows his options.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Susie Kay
Plano, TX
2,245,107
It has happened
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Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
4,273,331
I usually do with my client wants...
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
755,731
We advise our sellers, but ultimately it is their decision on how they want to price their property.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,153,799
Price reductions are agreed to at the time of the listing being signed. I can't remember a time when I've had to approach a Seller because of an improper valuation. Learning to refuse a listing takes practice.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
786,354
Somewhere between never and never.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
8,118,303
I do not recall a situation like this.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
519,824
Rarely, and on at least one occasion I regretted it. In my area a low price will induce more interest and multiple offers. The market has been more likely to correct the price up than down, unless you significantly over price.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,259,783
probably never.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
402,032
There have been a few times where I've suggested to clients that we hold off on reducing the price. I tell them if it becomes necessary, we'll use that tool....but not yet.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,584,178
in this market, if your listing lingers more than a few weeks, it's overpriced.... drop the price....don't continue to beat a dead horse....
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
2,838,547
Reducing the price is is similar to the kiss of death. Instead, come-out true to the market or a tad below and you will "make-out"
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
719,777
Well, lets just say that you can't "refuse" as you have to follow your client's instructions. But you can advise and counsel, as appropriate.
But in the end, if the client wants a price reduction, aka motivated to sell faster, then by all means lets reduce the price, I'm all for it.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,800,282
Rarely.
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Michael Jacobs
Pasadena, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
3,419,343
I can't say it any better than Debe Maxwell, CRS - I cannot imagine refusing to do anything a seller wants unless it is unlawful/illegal. I would advise accordingly and make recommendations for or against ... and support that with data.
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Debe Maxwell, CRS
Charlotte, NC
1,713,581
When we listed we built in autmoatic porice reductions either at every two weeks or once a month.
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Michael Jacobs
Pasadena, CA
4,434,227
5,982,022
3,986,423