Hello all you Convent Station Home Sellers, you know that home pricing is very important, RIGHT?
Actually, it seems that many of you really don’t know how important it is actually. Many of you are still falling for that old time REALTOR trick to ensure they get your home sale listing. What is the trick you might be asking yourself? The trick is for the REALTOR to figure out just what the Convent Station home will sell for, then tell the home owner that they can get a 10% to 12% higher price for the home than is reality.
Why do some of the Convent Station REALTORS do this? They do it because they know that many home sellers will equate the skills and abilities of the REALTOR with how high a price said REALTOR has told the home seller they can get for the house. Once that REALTOR has the listing agreement signed, he/she knows it is just a matter of time before they hit the home seller with a big price reduction demand.
None of this is new actually, it is a very old trick, but in a market which is flat or declining, tricking a Convent Station area home seller like this, likely costs the home seller tens of thousands of dollars. This tactic also rewards the Convent Station REALTORS who in reality are not that good at getting the home sold.
What is the lesson here? If you want to sell your home, Interview 3 or 4 different Convent Station REALTORS, At least 1 or 2 of them should be REALTORS you found in the search engine Google using such searches as Convent Station Real Estate, or Morris twp real estate. Of course it would be wise to choose those REALTORS who’s websites show up on the first page of those Google searches.
There are plenty of home seller horror stories which started with over pricing a Convent Station home.
MLS# 2572335 MLS# 2585713 MLS# 2587573 MLS# 2496250, 2510944, 2516548, 2524636, 2540881, 2561942, 2579296, 2584277, 2585713, 2591548, 2592326
8 responses so far ↓
1 West Hampstead (1 comments.) // Oct 22, 2008 at 7:55 am
At first I was attracted to the site which looked like it might be selling convents, perhaps renovating monastries? But I read the article and note that this estate agent behaviour goes on all over the world. Sellers never learn though, even my own mother would not take my advice on dodgy home pricing. But I like your suggestion that the top of the google search guarentees honesty- Thanks
2 James (22 comments.) // Oct 22, 2008 at 6:05 pm
Thanks for the comment West, sorry to disappoint, Convent Station is a train station in Morris Twp and also a neighborhood surrounding that train station on the eastern side of Morris Twp.
Convent Station also tends to be the most desirable section of Morris Twp.
3 Equity Release (2 comments.) // Oct 23, 2008 at 10:31 pm
Ranking high on google is a nice way but arent these listings sponsored?
4 James (22 comments.) // Oct 24, 2008 at 6:03 am
Hi Equity,
No, I am talking about the organic placments, those placements that don’t have sponcered link posted by them.
5 spanien hus (1 comments.) // Oct 25, 2008 at 1:07 pm
*lol* Yeah…I manage the web site for a realtor…we split the earnings. But I am so frustrated at the greed of these realtor guys. All the market are getting hit like a hockey player (Sweden) they refuse to lower prices…since that will give them lower commissions (spelling?). Frustrating is the word.
6 James (22 comments.) // Oct 25, 2008 at 3:51 pm
How are these REALTORS going to lower prices when pricing is up to the home seller not up to the REALTOR? I think you are a little confused Spanien.
7 Ki (3 comments.) // Nov 8, 2008 at 9:31 pm
Yeah we are seeing a lot of unrealistic home sellers in our market. I know people would really like to sell the house and get an extra 20k over what its actually worth but its simply not going to happen and in the long run it hurts the likelyhood the property will sell.
8 houston homes for sale (9 comments.) // Dec 18, 2008 at 5:38 pm
Those of us that are straight forward can proclaim this scam exists as much as we want but I am afraid that it will be in vain. The emotions that go on during the sale of ones home frequently results in us not heeding the most relevent warnings.
With a declining market most of the sellers that are fooled by that trick will end up chasing the market down. It is just the reality of our times.
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