4 ms·
Even with fiduciary duty, most agents undersell property. When the first offers are underpriced, a lot of agents will pressure you into selling, because their
by xondono 8y ago
Even with fiduciary duty, most agents undersell property.
When the first offers are underpriced, a lot of agents will pressure you into selling, because their income is tighly coupled with the number of transactions per year.
There’s a couple of studies from the US that concluded that most sellers close the deals way too early, and that rationally they should have waited for more offers.
- gnopgnip 8y agoThe sale price, and what offer to accept is not the decision of the agent, it is up the seller.
- vkou 8y agoIt is up to the seller, but when an experienced professional who tells you they have your best interests in mind tells you to underprice (because it's better for their bottom line)... Actually, that's the poster child for a conflict of interest.